Asahi Life Asset Management CO. LTD. Invests $558,000 in Williams Companies Inc (WMB)

Asahi Life Asset Management CO. LTD. bought a new position in shares of Williams Companies Inc (NYSE:WMB) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,420 shares of the pipeline company’s stock, valued at approximately $558,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Advisors LLC bought a new stake in Williams Companies during the 1st quarter worth approximately $29,000. Claybrook Capital LLC bought a new stake in Williams Companies during the 4th quarter worth approximately $26,000. JNBA Financial Advisors grew its holdings in Williams Companies by 68.6% during the 4th quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. JOYN Advisors Inc. grew its holdings in Williams Companies by 57.9% during the 4th quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 463 shares during the last quarter. Finally, Oakworth Capital Inc. grew its holdings in Williams Companies by 381.7% during the 4th quarter. Oakworth Capital Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 1,000 shares during the last quarter. 90.08% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:WMB opened at $27.71 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.28 and a current ratio of 0.31. Williams Companies Inc has a 52 week low of $20.36 and a 52 week high of $32.22. The firm has a market capitalization of $33.01 billion, a PE ratio of 35.08, a PEG ratio of 4.33 and a beta of 1.70.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). Williams Companies had a negative net margin of 1.29% and a positive return on equity of 5.56%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts forecast that Williams Companies Inc will post 0.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.49%. Williams Companies’s payout ratio is presently 192.41%.

In related news, insider Walter J. Bennett sold 14,859 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $27.13, for a total transaction of $403,124.67. Following the transaction, the insider now owns 116,881 shares in the company, valued at approximately $3,170,981.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathleen B. Cooper sold 9,615 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $27.39, for a total transaction of $263,354.85. Following the transaction, the director now owns 32,272 shares in the company, valued at approximately $883,930.08. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

A number of research firms have recently commented on WMB. Zacks Investment Research raised shares of Williams Companies from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, January 30th. Bank of America set a $30.00 price objective on shares of Williams Companies and gave the company a “buy” rating in a research note on Thursday, February 14th. Evercore ISI began coverage on shares of Williams Companies in a research note on Tuesday, February 5th. They issued an “outperform” rating on the stock. Mizuho set a $32.00 price objective on shares of Williams Companies and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Barclays raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company’s stock. Williams Companies currently has a consensus rating of “Buy” and an average target price of $32.33.

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Williams Companies Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

Further Reading: Dividend

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

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