Freestone Capital Holdings LLC purchased a new stake in Williams Companies Inc (NYSE:WMB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 193,548 shares of the pipeline company’s stock, valued at approximately $5,263,000.
Several other hedge funds and other institutional investors have also made changes to their positions in WMB. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Williams Companies by 149.0% in the third 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 lifted its holdings in shares of Williams Companies by 270.4% in the third 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. Commonwealth Bank of Australia lifted its holdings in shares of Williams Companies by 6,069.7% in the third 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Williams Companies by 359.4% in the third 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, Chickasaw Capital Management LLC lifted its holdings in shares of Williams Companies by 37.3% in the third 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. 74.34% of the stock is currently owned by institutional investors.
In related news, 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 purchased at an average price of $25.69 per share, with a total value of $64,225.00. Following the completion of the transaction, the insider now owns 28,970 shares of the company’s stock, valued at approximately $744,239.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Terrance Lane Wilson purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were bought at an average cost of $25.75 per share, with a total value of $25,750.00. Following the transaction, the senior vice president now directly owns 17,844 shares of the company’s stock, valued at approximately $459,483. The disclosure for this purchase can be found here. Insiders have purchased 38,500 shares of company stock valued at $993,625 in the last ninety days. 0.53% of the stock is currently owned by company insiders.
NYSE:WMB opened at $24.54 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 quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $30.30 billion, a PE ratio of 38.95, a PEG ratio of 5.00 and a beta of 1.57.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 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 firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business posted $0.04 earnings per share. Research analysts anticipate that Williams Companies Inc will post 0.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend is Thursday, December 13th. Williams Companies’s dividend payout ratio (DPR) is 215.87%.
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.
Further Reading: How are Outstanding Shares Different from Authorized Shares?
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