Metropolitan Life Insurance Co. NY lowered its position in Williams Companies (NYSE:WMB) by 48.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,708 shares of the pipeline company’s stock after selling 263,249 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Williams Companies were worth $8,681,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Macquarie Group Ltd. raised its holdings in shares of Williams Companies by 16.1% in the fourth quarter. Macquarie Group Ltd. now owns 2,715,994 shares of the pipeline company’s stock valued at $71,145,000 after purchasing an additional 377,200 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Williams Companies in the fourth quarter valued at about $498,000. Cypress Wealth Advisors LLC purchased a new stake in shares of Williams Companies in the fourth quarter valued at about $2,281,000. LPL Financial LLC raised its holdings in shares of Williams Companies by 19.3% in the fourth quarter. LPL Financial LLC now owns 106,336 shares of the pipeline company’s stock valued at $3,242,000 after purchasing an additional 17,197 shares during the last quarter. Finally, Flinton Capital Management LLC raised its holdings in shares of Williams Companies by 25.3% in the fourth quarter. Flinton Capital Management LLC now owns 29,372 shares of the pipeline company’s stock valued at $895,000 after purchasing an additional 5,936 shares during the last quarter. Institutional investors own 86.47% of the company’s stock.
Shares of WMB traded down $0.42 during trading hours on Friday, hitting $24.38. The company’s stock had a trading volume of 9,889,186 shares, compared to its average volume of 10,447,034. The company has a market capitalization of $20,170.23, a price-to-earnings ratio of 38.70 and a beta of 1.39. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.26. 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 earnings results on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $2.23 billion during 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 quarter last year, the company earned ($0.02) earnings per share. sell-side analysts expect that Williams Companies will post 0.8 earnings per share for the current fiscal year.
The firm also recently announced 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. The ex-dividend date was Thursday, March 8th. This represents a $1.36 annualized dividend and a dividend yield of 5.58%. Williams Companies’s dividend payout ratio (DPR) is presently 215.87%.
In other news, insider James E. Scheel sold 26,915 shares of Williams Companies stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $33.00, for a total value of $888,195.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ted T. Timmermans sold 2,000 shares of Williams Companies stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $28.28, for a total transaction of $56,560.00. Following the completion of the transaction, the vice president now owns 17,945 shares of the company’s stock, valued at approximately $507,484.60. The disclosure for this sale can be found here. Insiders sold 32,915 shares of company stock valued at $1,057,995 in the last quarter. Corporate insiders own 0.53% of the company’s stock.
WMB has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 target price on shares of Williams Companies in a report on Tuesday, January 16th. Jefferies Group restated a “buy” rating and set a $37.00 price objective on shares of Williams Companies in a report on Friday, January 12th. Credit Suisse Group assumed coverage on shares of Williams Companies in a report on Thursday, January 4th. They set an “outperform” rating and a $36.00 price objective for the company. Finally, Barclays downgraded shares of Williams Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $36.00 to $35.00 in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $34.58.
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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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