Tocqueville Asset Management L.P. Has $473,000 Position in Williams Companies Inc (NYSE:WMB)

Tocqueville Asset Management L.P. raised its stake in Williams Companies Inc (NYSE:WMB) by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,883 shares of the pipeline company’s stock after purchasing an additional 1,600 shares during the period. Tocqueville Asset Management L.P.’s holdings in Williams Companies were worth $473,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WMB. Truvestments Capital LLC grew its stake in shares of Williams Companies by 360.6% in the second quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 750 shares in the last quarter. Trustcore Financial Services LLC acquired a new position in shares of Williams Companies in the first quarter valued at about $29,000. Cornerstone Advisors Inc. grew its stake in shares of Williams Companies by 75.9% in the first quarter. Cornerstone Advisors Inc. now owns 1,302 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 562 shares in the last quarter. Hanson McClain Inc. grew its stake in shares of Williams Companies by 100.0% in the first quarter. Hanson McClain Inc. now owns 1,500 shares of the pipeline company’s stock valued at $43,000 after acquiring an additional 750 shares in the last quarter. Finally, NuWave Investment Management LLC grew its stake in shares of Williams Companies by 1,679.2% in the second quarter. NuWave Investment Management LLC now owns 1,708 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 1,612 shares in the last quarter. Hedge funds and other institutional investors own 88.23% of the company’s stock.

Several equities analysts recently commented on WMB shares. Credit Suisse Group decreased their price target on shares of Williams Companies from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Sanford C. Bernstein downgraded shares of Williams Companies from an “outperform” rating to a “market perform” rating and set a $25.00 price target on the stock. in a research note on Sunday, August 4th. Barclays restated a “buy” rating and issued a $32.00 price target on shares of Williams Companies in a research note on Thursday, July 18th. Argus downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Stifel Nicolaus decreased their price target on shares of Williams Companies from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.36.



Shares of Williams Companies stock opened at $23.01 on Friday. The company has a market capitalization of $28.96 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 3.82 and a beta of 1.56. The company has a quick ratio of 0.56, a current ratio of 0.60 and a debt-to-equity ratio of 1.22. Williams Companies Inc has a 12-month low of $20.36 and a 12-month high of $31.05. The firm’s 50-day moving average price is $26.51 and its two-hundred day moving average price is $27.37.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.13 billion. Williams Companies had a net margin of 0.73% and a return on equity of 6.46%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. On average, sell-side analysts expect that Williams Companies Inc will post 0.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a yield of 6.61%. Williams Companies’s payout ratio is 192.41%.

In related news, Director Stephen I. Chazen bought 10,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was purchased at an average price of $27.33 per share, with a total value of $273,300.00. Following the completion of the acquisition, the director now owns 45,730 shares of the company’s stock, valued at $1,249,800.90. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Terrance Lane Wilson bought 4,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $23.60 per share, with a total value of $94,400.00. Following the acquisition, the senior vice president now directly owns 43,726 shares of the company’s stock, valued at approximately $1,031,933.60. The disclosure for this purchase can be found here. Insiders bought 44,000 shares of company stock valued at $1,071,600 in the last three months. Company insiders own 0.26% of the company’s stock.

Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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