Veriti Management LLC lifted its stake in The Williams Companies, Inc. (NYSE: WMB – Get Rating) by 8.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,043 shares of the pipeline company stock after purchasing an additional 2,451 shares during the period. Veriti Management LLC’s holdings in Williams Companies were worth $ 1,004,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of WMB. Andrew Hill Investment Advisors Inc. bought a new position in shares of Williams Companies in the 4th quarter worth $ 26,000. American National Bank boosted its position in shares of Williams Companies by 63.6% in the 1st quarter. American National Bank now owns 908 shares of the pipeline company stock worth $ 30,000 after purchasing an additional 353 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Williams Companies in the 4th quarter worth $ 33,000. Exchange Traded Concepts LLC boosted its position in shares of Williams Companies by 47.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,367 shares of the pipeline company stock worth $ 36,000 after purchasing an additional 443 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Williams Companies in the 4th quarter worth $ 42,000. Institutional investors and hedge funds own 86.10% of the company stock.
In related news, SVP Scott A. Hallam sold 15,607 shares of Williams Companies stock in a transaction dated Wednesday, April 6th. The stock was sold at an average price of $ 33.30, for a total value of $ 519,713.10. Following the sale, the senior vice president now owns 164,054 shares of the company stock, valued at $ 5,462,998.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Debbie L. Cowan sold 36,228 shares of Williams Companies stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $ 37.75, for a total value of $ 1,367,607.00. Following the completion of the sale, the senior vice president now directly owns 62,891 shares in the company, valued at approximately $ 2,374,135.25. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by insiders.
WMB opened at $ 30.57 on Thursday. The business’s 50-day moving average price is $ 35.03 and its two-hundred day moving average price is $ 31.72. The Williams Companies, Inc. has a 1 year low of $ 23.53 and a 1 year high of $ 37.97. The company has a market capitalization of $ 37.23 billion, a price-to-earnings ratio of 25.48, a P / E / G ratio of 5.48 and a beta of 1.16. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.73 and a quick ratio of 0.69.
Williams Companies (NYSE: WMB – Get Rating) last released its quarterly earnings results on Monday, May 2nd. The pipeline company reported $ 0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 0.36 by $ 0.05. Williams Companies had a return on equity of 12.20% and a net margin of 13.95%. The firm had revenue of $ 2.52 billion for the quarter, compared to the consensus estimate of $ 3.19 billion. During the same quarter last year, the business posted $ 0.35 EPS. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 27th. Investors of record on Friday, June 10th will be given a $ 0.425 dividend. This represents a $ 1.70 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Thursday, June 9th. Williams Companies’s dividend payout ratio is currently 141.67%.
Several research analysts have weighed in on WMB shares. US Capital Advisors reiterated a “hold” rating on shares of Williams Companies in a report on Wednesday, June 1st. Wells Fargo & Company reduced their target price on Williams Companies from $ 40.00 to $ 39.00 and set an “overweight” rating on the stock in a report on Friday, May 20th. TD Securities lifted their target price on Williams Companies from $ 36.00 to $ 38.00 and gave the stock a “buy” rating in a report on Wednesday, May 4th. Mizuho lifted their target price on Williams Companies from $ 35.00 to $ 39.00 in a report on Wednesday, May 4th. Finally, StockNews.com started coverage on Williams Companies in a report on Thursday, March 31st. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Williams Companies currently has an average rating of “Moderate Buy” and a consensus target price of $ 35.54.
Williams Companies Company Profile: (Get Rating)
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 collection and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.
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 – Get Rating).
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.