Wedbush Securities Inc. Acquires 1,202 Shares of Williams Companies Inc (NYSE:WMB)

Wedbush Securities Inc. boosted its holdings in Williams Companies Inc (NYSE:WMB) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,533 shares of the pipeline company’s stock after acquiring an additional 1,202 shares during the quarter. Wedbush Securities Inc.’s holdings in Williams Companies were worth $660,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC increased its position in shares of Williams Companies by 360.6% during the 2nd quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 750 shares during the last quarter. Trustcore Financial Services LLC bought a new position in shares of Williams Companies during the 1st quarter valued at about $29,000. Cornerstone Advisors Inc. increased its position in shares of Williams Companies by 75.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,302 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 562 shares during the last quarter. Hanson McClain Inc. increased its position in shares of Williams Companies by 100.0% during the 1st quarter. Hanson McClain Inc. now owns 1,500 shares of the pipeline company’s stock valued at $43,000 after purchasing an additional 750 shares during the last quarter. Finally, NuWave Investment Management LLC increased its position in shares of Williams Companies by 1,679.2% during the 2nd quarter. NuWave Investment Management LLC now owns 1,708 shares of the pipeline company’s stock valued at $48,000 after purchasing an additional 1,612 shares during the last quarter. Institutional investors and hedge funds own 88.23% of the company’s stock.

In other Williams Companies news, Director Stephen I. Chazen acquired 10,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $27.33 per share, for a total transaction of $273,300.00. Following the acquisition, the director now owns 45,730 shares in the company, valued at approximately $1,249,800.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Terrance Lane Wilson acquired 4,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $23.60 per share, with a total value of $94,400.00. Following the acquisition, the senior vice president now owns 43,726 shares in the company, valued at approximately $1,031,933.60. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 44,000 shares of company stock valued at $1,071,600. Company insiders own 0.26% of the company’s stock.



WMB stock traded up $0.17 during trading on Friday, hitting $23.09. 3,440,587 shares of the company traded hands, compared to its average volume of 10,039,649. The firm has a market capitalization of $28.96 billion, a PE ratio of 29.23, a P/E/G ratio of 3.82 and a beta of 1.56. Williams Companies Inc has a 1 year low of $20.36 and a 1 year high of $31.05. The company has a 50-day moving average of $26.51 and a 200-day moving average of $27.37. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.56 and a current ratio of 0.60.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 6.58%. The ex-dividend date is Thursday, September 12th. Williams Companies’s dividend payout ratio (DPR) is currently 192.41%.

Several brokerages have recently commented on WMB. Credit Suisse Group reduced their price objective on Williams Companies from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Citigroup reduced their price objective on Williams Companies from $31.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Sanford C. Bernstein lowered Williams Companies from an “outperform” rating to a “market perform” rating and set a $25.00 price objective on the stock. in a research report on Sunday, August 4th. ValuEngine upgraded Williams Companies from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Barclays restated a “buy” rating and set a $32.00 target price on shares of Williams Companies in a report on Thursday, July 18th. Four research 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 stock. Williams Companies has an average rating of “Buy” and an average price target of $30.36.

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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