Wolverine Asset Management LLC acquired a new position in Williams Companies (NYSE:WMB) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,892 shares of the pipeline company’s stock, valued at approximately $362,000.
Other large investors have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Williams Companies during the third quarter valued at $105,000. SeaCrest Wealth Management LLC acquired a new stake in Williams Companies during the fourth quarter valued at $117,000. Steward Partners Investment Advisory LLC acquired a new stake in Williams Companies during the third quarter valued at $172,000. Bronfman E.L. Rothschild L.P. grew its position in Williams Companies by 44.4% during 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 buying an additional 2,013 shares during the period. Finally, Eqis Capital Management Inc. acquired a new stake in Williams Companies during the fourth quarter valued at $201,000. Hedge funds and other institutional investors own 86.47% of the company’s stock.
WMB traded down $0.42 during midday trading on Friday, hitting $24.38. 9,889,186 shares of the company traded hands, compared to its average volume of 10,447,034. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.26. The company has a market cap of $20,517.72, a price-to-earnings ratio of 38.70 and a beta of 1.39. Williams Companies has a 52-week low of $24.00 and a 52-week high of $33.67.
Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a net margin of 27.07% and a return on equity of 3.38%. During the same period last year, the firm posted ($0.02) earnings per share. research analysts forecast that Williams Companies will post 0.8 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Friday, March 9th were paid a $0.34 dividend. This is an increase from Williams Companies’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend was Thursday, March 8th. Williams Companies’s dividend payout ratio (DPR) is currently 215.87%.
In other news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $28.28, for a total value of $56,560.00. Following the transaction, the vice president now directly owns 17,945 shares of the company’s stock, valued at $507,484.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kathleen B. Cooper sold 4,000 shares of Williams Companies stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $28.31, for a total transaction of $113,240.00. Following the transaction, the director now directly owns 45,465 shares in the company, valued at $1,287,114.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,915 shares of company stock worth $1,057,995. Insiders own 0.53% of the company’s stock.
Several analysts recently commented on WMB shares. Zacks Investment Research lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. JPMorgan Chase upgraded shares of Williams Companies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 9th. Jefferies Group restated a “buy” rating and set a $37.00 price target on shares of Williams Companies in a research report on Friday, January 12th. Scotiabank restated a “hold” rating and set a $36.00 price target on shares of Williams Companies in a research report on Monday, January 29th. Finally, UBS restated a “buy” rating and set a $36.00 price target (down previously from $37.00) on shares of Williams Companies in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $34.69.
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About Williams Companies
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
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