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.
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