ELCO Management Co. LLC increased its stake in Williams Companies Inc (NYSE:WMB) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 370,373 shares of the pipeline company’s stock after purchasing an additional 36,002 shares during the period. Williams Companies accounts for 5.3% of ELCO Management Co. LLC’s portfolio, making the stock its largest position. ELCO Management Co. LLC’s holdings in Williams Companies were worth $10,070,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. increased its position 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 acquiring an additional 25,063,078 shares during the period. Kayne Anderson Capital Advisors LP increased its position 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 acquiring an additional 15,340,711 shares during the period. Commonwealth Bank of Australia increased its position 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 acquiring an additional 7,313,349 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position 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 acquiring an additional 6,920,686 shares during the period. Finally, Chickasaw Capital Management LLC increased its position 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 acquiring an additional 3,785,114 shares during the period. 74.34% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Chad J. Zamarin purchased 2,500 shares of the stock in a transaction dated Tuesday, November 6th. The shares were bought 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 $744,239.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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, for a total transaction of $25,750.00. Following the completion of the transaction, the senior vice president now owns 17,844 shares in the company, valued at approximately $459,483. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 38,500 shares of company stock worth $993,625. 0.53% of the stock is owned by insiders.
Shares of WMB stock 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 firm has a market cap of $30.30 billion, a PE ratio of 38.95, a PEG ratio of 5.00 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 issued its quarterly 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 analysts’ expectations of $2.16 billion. During the same period last year, the firm earned $0.04 EPS. As a group, research analysts expect 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. This represents a $1.36 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend is Thursday, December 13th. Williams Companies’s dividend payout ratio (DPR) is presently 215.87%.
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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