Heronetta Management L.P. Invests $9.04 Million in Williams Companies Inc (WMB) Stock

Heronetta Management L.P. purchased a new position in Williams Companies Inc (NYSE:WMB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 332,452 shares of the pipeline company’s stock, valued at approximately $9,039,000. Williams Companies comprises approximately 5.1% of Heronetta Management L.P.’s holdings, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Daiwa Securities Group Inc. lifted its position in Williams Companies by 6.7% in the second quarter. Daiwa Securities Group Inc. now owns 28,648 shares of the pipeline company’s stock worth $777,000 after buying an additional 1,790 shares during the last quarter. Arrow Financial Corp lifted its position in Williams Companies by 45.0% in the third quarter. Arrow Financial Corp now owns 6,071 shares of the pipeline company’s stock worth $165,000 after buying an additional 1,884 shares during the last quarter. First Allied Advisory Services Inc. lifted its position in Williams Companies by 9.3% in the second quarter. First Allied Advisory Services Inc. now owns 23,454 shares of the pipeline company’s stock worth $642,000 after buying an additional 1,988 shares during the last quarter. Bray Capital Advisors lifted its position in Williams Companies by 100.0% in the second quarter. Bray Capital Advisors now owns 4,000 shares of the pipeline company’s stock worth $108,000 after buying an additional 2,000 shares during the last quarter. Finally, Parkwood LLC lifted its position in Williams Companies by 11.3% in the second quarter. Parkwood LLC now owns 20,417 shares of the pipeline company’s stock worth $554,000 after buying an additional 2,078 shares during the last quarter. Institutional investors own 74.34% of the company’s stock.

WMB opened at $25.03 on Friday. Williams Companies Inc has a 1 year low of $23.54 and a 1 year high of $33.67. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $30.30 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 5.00 and a beta of 1.57.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the 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 firm earned $0.04 earnings per share. Sell-side analysts predict that Williams Companies Inc will post 0.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a $0.34 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.36 annualized dividend and a yield of 5.43%. Williams Companies’s dividend payout ratio (DPR) is presently 215.87%.

WMB has been the subject of several research analyst reports. Zacks Investment Research upgraded Williams Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Stifel Nicolaus initiated coverage on Williams Companies in a research report on Tuesday, August 7th. They set a “buy” rating and a $35.00 target price for the company. UBS Group lifted their target price on Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Morgan Stanley set a $35.00 target price on Williams Companies and gave the stock an “overweight” rating in a research report on Thursday, August 16th. Finally, Bank of America restated 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 given a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $32.81.

In related news, insider John D. Chandler bought 10,000 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were bought at an average price of $25.94 per share, for a total transaction of $259,400.00. Following the completion of the purchase, the insider now directly owns 26,582 shares of the company’s stock, valued at $689,537.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Terrance Lane Wilson bought 1,000 shares of the business’s stock in a transaction on Friday, November 2nd. The stock was bought at an average price of $25.75 per share, for a total transaction of $25,750.00. Following the purchase, the senior vice president now directly owns 17,844 shares of the company’s stock, valued at $459,483. The disclosure for this purchase can be found here. Insiders acquired 38,500 shares of company stock worth $993,625 in the last quarter. 0.53% of the stock is owned by insiders.

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Williams Companies Company 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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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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