Macquarie Group Ltd. grew its holdings in Williams Companies (NYSE:WMB) by 16.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,715,994 shares of the pipeline company’s stock after purchasing an additional 377,200 shares during the period. Macquarie Group Ltd. owned approximately 0.33% of Williams Companies worth $71,145,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Williams Companies in the 3rd quarter valued at $105,000. SeaCrest Wealth Management LLC acquired a new position in shares of Williams Companies in the 4th quarter valued at $117,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Williams Companies in the 3rd quarter valued at $172,000. Bronfman E.L. Rothschild L.P. lifted its stake in Williams Companies by 44.4% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 6,550 shares of the pipeline company’s stock worth $197,000 after acquiring an additional 2,013 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in Williams Companies during the 4th quarter worth about $201,000. 86.47% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider James E. Scheel sold 26,915 shares of the stock in a transaction dated Thursday, January 11th. The stock was 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 SEC, which is accessible through this hyperlink. Also, Director Kathleen B. Cooper sold 4,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $28.31, for a total value of $113,240.00. Following the completion of the transaction, the director now owns 45,465 shares in the company, valued at approximately $1,287,114.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,915 shares of company stock worth $1,057,995. 0.53% of the stock is owned by company insiders.
WMB has been the topic of several research reports. Credit Suisse Group initiated coverage on Williams Companies in a research note on Thursday, January 4th. They set an “outperform” rating and a $36.00 target price on the stock. Zacks Investment Research lowered Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Bank of America initiated coverage on Williams Companies in a research note on Tuesday, January 9th. They set a “buy” rating on the stock. Jefferies Group reissued a “buy” rating and set a $37.00 target price on shares of Williams Companies in a research note on Friday, January 12th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $38.00 target price on shares of Williams Companies in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $34.58.
NYSE WMB traded down $0.42 during trading hours on Friday, hitting $24.38. 9,889,186 shares of the company were exchanged, compared to its average volume of 10,447,034. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.82 and a quick ratio of 0.78. Williams Companies has a 52-week low of $24.00 and a 52-week high of $33.67. The company has a market cap of $20,170.23, a price-to-earnings ratio of 38.70 and a beta of 1.39.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results 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 return on equity of 3.38% and a net margin of 27.07%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the business earned ($0.02) EPS. equities research analysts anticipate that Williams Companies will post 0.8 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Friday, March 9th were issued a dividend of $0.34 per share. 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 yield of 5.58%. Williams Companies’s dividend payout ratio is 215.87%.
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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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