Wilkins Investment Counsel Inc. grew its position in shares of Williams Companies Inc (NYSE:WMB) by 5.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,450 shares of the pipeline company’s stock after purchasing an additional 8,500 shares during the quarter. Wilkins Investment Counsel Inc.’s holdings in Williams Companies were worth $4,390,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP increased its holdings in Williams Companies by 764.2% in the 2nd quarter. Marshall Wace LLP now owns 166,746 shares of the pipeline company’s stock worth $4,520,000 after acquiring an additional 147,452 shares in the last quarter. Botty Investors LLC increased its holdings in Williams Companies by 104.6% in the 3rd quarter. Botty Investors LLC now owns 58,831 shares of the pipeline company’s stock worth $1,600,000 after acquiring an additional 30,077 shares in the last quarter. Tredje AP fonden increased its holdings in Williams Companies by 97.9% in the 2nd quarter. Tredje AP fonden now owns 307,565 shares of the pipeline company’s stock worth $8,338,000 after acquiring an additional 152,119 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in Williams Companies by 32.1% in the 3rd quarter. Capital Investment Advisors LLC now owns 67,341 shares of the pipeline company’s stock worth $1,831,000 after acquiring an additional 16,381 shares in the last quarter. Finally, Linscomb & Williams Inc. purchased a new stake in Williams Companies in the 2nd quarter worth $3,708,000. 74.34% of the stock is owned by institutional investors.
WMB traded up $0.11 on Monday, hitting $25.24. 824,669 shares of the company’s stock were exchanged, compared to its average volume of 10,190,334. Williams Companies Inc has a fifty-two week low of $23.54 and a fifty-two week high of $33.67. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.27. The stock has a market cap of $30.42 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 5.02 and a beta of 1.57.
Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the company posted $0.04 EPS. As a group, research analysts anticipate that Williams Companies Inc will post 0.77 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.36 annualized dividend and a dividend yield of 5.39%. Williams Companies’s payout ratio is 215.87%.
WMB has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. Stifel Nicolaus initiated coverage on shares of Williams Companies in a report on Tuesday, August 7th. They issued a “buy” rating and a $35.00 price target for the company. UBS Group boosted their price target on shares of Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Morgan Stanley set a $35.00 target price on shares of Williams Companies and gave the stock an “overweight” rating in a research note on Thursday, August 16th. Finally, Bank of America reaffirmed a “buy” rating on shares of Williams Companies in a research note on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $32.81.
In other news, SVP Terrance Lane Wilson purchased 1,000 shares of the stock in a transaction dated Friday, November 2nd. The shares were purchased at an average price of $25.75 per share, with a total value of $25,750.00. Following the transaction, the senior vice president now owns 17,844 shares in the company, valued at approximately $459,483. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chad J. Zamarin purchased 2,500 shares of the stock in a transaction dated Tuesday, November 6th. The shares were purchased at an average cost of $25.69 per share, for a total transaction of $64,225.00. Following the transaction, the insider now owns 28,970 shares in the company, valued at approximately $744,239.30. The disclosure for this purchase can be found here. In the last three months, insiders have bought 38,500 shares of company stock worth $993,625. Corporate insiders own 0.50% of the company’s stock.
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Williams Companies Profile
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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