Wiley BROS. Aintree Capital LLC acquired a new stake in Williams Companies Inc (NYSE:WMB) during the third quarter, Holdings Channel reports. The fund acquired 15,662 shares of the pipeline company’s stock, valued at approximately $426,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMB. Invesco Ltd. lifted its holdings in Williams Companies by 255.8% in the second quarter. Invesco Ltd. now owns 20,233,420 shares of the pipeline company’s stock valued at $567,345,000 after acquiring an additional 14,547,225 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in Williams Companies by 46.1% in the first quarter. Neuberger Berman Group LLC now owns 10,770,310 shares of the pipeline company’s stock valued at $309,324,000 after acquiring an additional 3,397,742 shares during the last quarter. Charles Schwab Investment Advisory Inc. lifted its holdings in Williams Companies by 38.1% in the second quarter. Charles Schwab Investment Advisory Inc. now owns 9,503,890 shares of the pipeline company’s stock valued at $266,489,000 after acquiring an additional 2,620,323 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in Williams Companies by 123.0% in the second quarter. Cohen & Steers Inc. now owns 4,065,172 shares of the pipeline company’s stock valued at $113,987,000 after acquiring an additional 2,241,952 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in Williams Companies by 1.4% in the second quarter. BlackRock Inc. now owns 134,858,059 shares of the pipeline company’s stock valued at $3,781,421,000 after acquiring an additional 1,858,174 shares during the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.
A number of research analysts recently commented on the company. ValuEngine upgraded Williams Companies from a “sell” rating to a “hold” rating in a report on Wednesday. Sanford C. Bernstein cut Williams Companies from an “outperform” rating to a “market perform” rating and set a $25.00 price objective on the stock. in a report on Sunday, August 4th. TD Securities assumed coverage on Williams Companies in a report on Wednesday. They issued a “buy” rating on the stock. JPMorgan Chase & Co. decreased their price objective on Williams Companies from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Finally, Scotia Howard Weill started coverage on Williams Companies in a research note on Tuesday, September 3rd. They set a “sector perform” rating and a $23.60 price target on the stock. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Williams Companies presently has an average rating of “Buy” and an average target price of $29.19.
Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. Williams Companies had a return on equity of 6.46% and a net margin of 0.73%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. On average, research analysts forecast that Williams Companies Inc will post 0.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date was Thursday, September 12th. Williams Companies’s dividend payout ratio (DPR) is 192.41%.
In related news, Director Stephen W. Bergstrom acquired 10,000 shares of Williams Companies stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $22.99 per share, for a total transaction of $229,900.00. Following the completion of the purchase, the director now owns 54,965 shares in the company, valued at $1,263,645.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson acquired 4,000 shares of Williams Companies stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $23.60 per share, for a total transaction of $94,400.00. Following the completion of the purchase, the senior vice president now 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 have acquired 44,000 shares of company stock worth $1,028,200 over the last 90 days. 0.26% of the stock is owned by insiders.
Williams Companies 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.
Further Reading: What is dividend yield?
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies Inc (NYSE:WMB).
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.