YorkBridge Wealth Partners LLC raised its stake in Williams Companies Inc (NYSE:WMB) by 19.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,715 shares of the pipeline company’s stock after purchasing an additional 1,913 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Williams Companies were worth $345,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in WMB. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Williams Companies in the third quarter valued at about $105,000. SeaCrest Wealth Management LLC bought a new stake in shares of Williams Companies in the fourth quarter valued at about $117,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Williams Companies in the third quarter valued at about $172,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Williams Companies by 44.4% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 6,550 shares of the pipeline company’s stock valued at $197,000 after acquiring an additional 2,013 shares during the period. Finally, Eqis Capital Management Inc. bought a new stake in shares of Williams Companies in the fourth quarter valued at about $201,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.
In related news, insider James E. Scheel sold 26,915 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $33.00, for a total transaction of $888,195.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.53% of the company’s stock.
Williams Companies Inc (NYSE:WMB) traded up $0.49 on Thursday, reaching $29.11. 188,102 shares of the company traded hands, compared to its average volume of 5,824,696. Williams Companies Inc has a 1-year low of $26.82 and a 1-year high of $33.67. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.97 and a quick ratio of 0.91. The company has a market capitalization of $23,660.00, a PE ratio of 10.72, a price-to-earnings-growth ratio of 2.71 and a beta of 1.32.
Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. Williams Companies had a net margin of 27.07% and a return on equity of 3.44%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the business posted ($0.02) earnings per share. sell-side analysts anticipate that Williams Companies Inc will post 0.83 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be given a dividend of $0.34 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 4.67%. Williams Companies’s dividend payout ratio is currently 44.94%.
A number of equities research analysts have recently issued reports on WMB shares. Royal Bank of Canada reissued a “buy” rating and issued a $38.00 target price on shares of Williams Companies in a research report on Tuesday, January 16th. Jefferies Group reissued a “buy” rating and issued a $37.00 target price on shares of Williams Companies in a research report on Friday, January 12th. Bank of America started coverage on shares of Williams Companies in a research report on Tuesday, January 9th. They issued a “buy” rating for the company. Barclays cut shares of Williams Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $36.00 to $35.00 in a research report on Wednesday, January 17th. Finally, Scotiabank reissued a “hold” rating and issued a $36.00 target price on shares of Williams Companies in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Williams Companies presently has an average rating of “Buy” and an average price target of $35.20.
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About Williams Companies
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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