Williams Companies Inc (WMB) Insider Purchases $64,225.00 in Stock

Williams Companies Inc (NYSE:WMB) insider Chad J. Zamarin purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was bought at an average price of $25.69 per share, for a total transaction of $64,225.00. Following the transaction, the insider now directly owns 28,970 shares in the company, valued at $744,239.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of WMB opened at $25.55 on Friday. Williams Companies Inc has a twelve month low of $23.54 and a twelve month high of $33.67. The company has a market capitalization of $21.31 billion, a price-to-earnings ratio of 40.56, a price-to-earnings-growth ratio of 5.14 and a beta of 1.57. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.66 and a current ratio of 0.72.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the company earned $0.04 EPS. Analysts expect that Williams Companies Inc will post 0.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.32%. Williams Companies’s dividend payout ratio is presently 215.87%.

WMB has been the topic of several recent research reports. Bank of America restated a “buy” rating on shares of Williams Companies in a research report on Tuesday, August 21st. UBS Group boosted their price target on Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded Williams Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Credit Suisse Group initiated coverage on Williams Companies in a research report on Thursday, October 11th. They issued an “outperform” rating and a $35.00 price target on the stock. Finally, Goldman Sachs Group initiated coverage on Williams Companies in a research report on Monday, October 8th. They issued a “neutral” rating and a $26.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $33.07.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tortoise Capital Advisors L.L.C. boosted its holdings in Williams Companies by 149.0% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 41,886,657 shares of the pipeline company’s stock valued at $1,138,898,000 after purchasing an additional 25,063,078 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its holdings in Williams Companies by 270.4% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 21,013,475 shares of the pipeline company’s stock valued at $571,344,000 after purchasing an additional 15,340,711 shares in the last quarter. Chickasaw Capital Management LLC boosted its holdings in Williams Companies by 37.3% in the 3rd quarter. Chickasaw Capital Management LLC now owns 13,919,422 shares of the pipeline company’s stock valued at $378,469,000 after purchasing an additional 3,785,114 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Williams Companies by 359.4% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,846,406 shares of the pipeline company’s stock valued at $240,534,000 after purchasing an additional 6,920,686 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its holdings in Williams Companies by 6,069.7% in the 3rd quarter. Commonwealth Bank of Australia now owns 7,433,838 shares of the pipeline company’s stock valued at $202,109,000 after purchasing an additional 7,313,349 shares in the last quarter. 88.44% of the stock is currently owned by institutional investors.

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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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