Hudson Valley Investment Advisors Inc. ADV boosted its stake in Williams Companies Inc (NYSE:WMB) by 25.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,425 shares of the pipeline company’s stock after acquiring an additional 6,140 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Williams Companies were worth $853,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Neuberger Berman Group LLC increased its stake in shares of Williams Companies by 46.1% during the 1st quarter. Neuberger Berman Group LLC now owns 10,770,310 shares of the pipeline company’s stock worth $309,324,000 after purchasing an additional 3,397,742 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Williams Companies by 42.4% during the 1st quarter. Jennison Associates LLC now owns 8,396,454 shares of the pipeline company’s stock worth $241,146,000 after acquiring an additional 2,499,075 shares during the period. Pictet Asset Management Ltd. lifted its holdings in shares of Williams Companies by 236.0% during the 1st quarter. Pictet Asset Management Ltd. now owns 2,205,314 shares of the pipeline company’s stock worth $63,337,000 after acquiring an additional 1,548,931 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Williams Companies by 7.4% during the 1st quarter. Clearbridge Investments LLC now owns 20,402,361 shares of the pipeline company’s stock worth $585,956,000 after acquiring an additional 1,399,040 shares during the period. Finally, Commonwealth Bank of Australia lifted its holdings in shares of Williams Companies by 15.5% during the 1st quarter. Commonwealth Bank of Australia now owns 9,965,296 shares of the pipeline company’s stock worth $286,188,000 after acquiring an additional 1,338,353 shares during the period. 88.23% of the stock is currently owned by institutional investors and hedge funds.
Williams Companies stock opened at $22.92 on Friday. Williams Companies Inc has a 1-year low of $20.36 and a 1-year high of $31.05. The firm has a market capitalization of $28.96 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 3.82 and a beta of 1.56. The firm’s fifty day moving average price is $26.51 and its two-hundred day moving average price is $27.37. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 1.22.
Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. Williams Companies had a net margin of 0.73% and a return on equity of 6.46%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the firm earned $0.16 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. On average, research analysts forecast that Williams Companies Inc will post 0.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued 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 6.63%. Williams Companies’s dividend payout ratio (DPR) is presently 192.41%.
In related news, Director Stephen I. Chazen bought 10,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was acquired at an average cost of $27.33 per share, for a total transaction of $273,300.00. Following the completion of the transaction, the director now directly owns 45,730 shares in the company, valued at approximately $1,249,800.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Terrance Lane Wilson acquired 4,000 shares of the stock in a transaction dated 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 completion of 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. Insiders have purchased 44,000 shares of company stock valued at $1,071,600 in the last 90 days. 0.26% of the stock is currently owned by corporate insiders.
A number of analysts have recently weighed in on WMB shares. Raymond James raised shares of Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price target for the company in a report on Wednesday, June 26th. They noted that the move was a valuation call. Barclays reiterated a “buy” rating and set a $32.00 price objective on shares of Williams Companies in a research report on Thursday, July 18th. Sanford C. Bernstein cut shares of Williams Companies from an “outperform” rating to a “market perform” rating and set a $25.00 price objective for the company. in a research report on Sunday, August 4th. Stifel Nicolaus lowered their price objective on shares of Williams Companies from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Citigroup decreased their price target on shares of Williams Companies from $31.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Williams Companies currently has a consensus rating of “Buy” and an average target price of $30.36.
About Williams Companies
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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