Savant Capital LLC raised its position in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 18.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,614 shares of the pipeline company’s stock after purchasing an additional 1,499 shares during the quarter. Savant Capital LLC’s holdings in Williams Companies were worth $287,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of WMB. Fairfield Bush & CO. purchased a new position in shares of Williams Companies in the 1st quarter worth about $54,000. Acadian Asset Management LLC raised its holdings in shares of Williams Companies by 32.3% in the 1st quarter. Acadian Asset Management LLC now owns 10,414 shares of the pipeline company’s stock worth $347,000 after purchasing an additional 2,540 shares during the period. Cibc World Market Inc. raised its holdings in shares of Williams Companies by 1,001.1% in the 1st quarter. Cibc World Market Inc. now owns 101,026 shares of the pipeline company’s stock worth $3,375,000 after purchasing an additional 91,851 shares during the period. Cetera Investment Advisers raised its holdings in shares of Williams Companies by 42.9% in the 1st quarter. Cetera Investment Advisers now owns 98,677 shares of the pipeline company’s stock worth $3,297,000 after purchasing an additional 29,625 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Williams Companies in the 1st quarter worth about $319,000. 84.71% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently commented on WMB. Morgan Stanley reiterated an “equal weight” rating and set a $39.00 target price on shares of Williams Companies in a report on Tuesday, July 18th. Scotiabank reiterated a “sector perform” rating and set a $35.00 target price on shares of Williams Companies in a report on Friday, April 14th. Mizuho raised their target price on Williams Companies from $39.00 to $40.00 in a report on Friday, July 7th. StockNews.com began coverage on Williams Companies in a report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Barclays lowered their price objective on Williams Companies from $36.00 to $35.00 in a research note on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Williams Companies currently has an average rating of “Hold” and a consensus price target of $35.50.
Williams Companies Stock Up 0.0 %
Williams Companies (NYSE:WMB – Get Free Report) last announced its earnings results on Wednesday, May 3rd. The pipeline company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.10. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.65 billion. Williams Companies had a return on equity of 17.24% and a net margin of 22.53%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. As a group, research analysts forecast that The Williams Companies, Inc. will post 1.95 EPS for the current year.
Williams Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be paid a $0.4475 dividend. This represents a $1.79 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Friday, September 8th. Williams Companies’s dividend payout ratio is presently 84.04%.
Insider Transactions at Williams Companies
In other news, SVP Scott A. Hallam sold 14,388 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $30.64, for a total value of $440,848.32. Following the sale, the senior vice president now owns 248,554 shares of the company’s stock, valued at approximately $7,615,694.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Scott A. Hallam sold 14,388 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $30.64, for a total value of $440,848.32. Following the sale, the senior vice president now owns 248,554 shares of the company’s stock, valued at approximately $7,615,694.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Scott A. Hallam sold 7,193 shares of the business’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $33.00, for a total value of $237,369.00. Following the completion of the sale, the senior vice president now directly owns 226,973 shares in the company, valued at approximately $7,490,109. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,969 shares of company stock valued at $1,131,439. Corporate insiders own 0.44% of the company’s stock.
Williams Companies Profile
The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.
Featured Articles
- Five stocks we like better than Williams Companies
- How to Buy Bitcoin Stock: 3 Easy Ways to Do It
- MarketBeat Week in Review – 7/24 – 7/28
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Can SAIA Continue its Stratospheric Rally?
- Health Care Stocks Explained: Why You Might Want to Invest
- Why Markets Are Loving Exxon Mobil, Despite The Earnings Dip
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Williams Companies, Inc. (NYSE:WMB – Free Report).
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.
