Sound View Wealth Advisors LLC bought a new stake in Williams Companies Inc (NYSE:WMB) in the 1st quarter, Holdings Channel reports. The institutional investor bought 7,462 shares of the pipeline company’s stock, valued at approximately $214,000.
Other large investors have also recently modified their holdings of the company. Vanguard Group Inc grew its holdings in shares of Williams Companies by 47.6% during the 3rd quarter. Vanguard Group Inc now owns 93,159,173 shares of the pipeline company’s stock valued at $2,532,998,000 after purchasing an additional 30,031,200 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Williams Companies by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 15,722,127 shares of the pipeline company’s stock valued at $346,152,000 after purchasing an additional 1,124,517 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Williams Companies by 2.7% during the 4th quarter. Northern Trust Corp now owns 14,573,059 shares of the pipeline company’s stock valued at $321,336,000 after purchasing an additional 379,613 shares during the last quarter. Chickasaw Capital Management LLC grew its holdings in shares of Williams Companies by 1.4% during the 1st quarter. Chickasaw Capital Management LLC now owns 13,607,626 shares of the pipeline company’s stock valued at $390,811,000 after purchasing an additional 184,192 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Williams Companies during the 4th quarter valued at approximately $257,472,000. Institutional investors own 88.13% of the company’s stock.
In other Williams Companies news, Director Stephen I. Chazen bought 10,000 shares of Williams Companies stock in a transaction on Monday, May 20th. The shares were purchased at an average cost of $27.33 per share, with a total value of $273,300.00. Following the acquisition, the director now directly owns 45,730 shares of the company’s stock, valued at approximately $1,249,800.90. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.
Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, May 1st. The pipeline company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). Williams Companies had a positive return on equity of 5.56% and a negative net margin of 1.29%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the firm earned $0.19 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Williams Companies Inc will post 0.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date is Thursday, June 6th. Williams Companies’s payout ratio is 192.41%.
Several equities research analysts recently issued reports on the stock. Evercore ISI assumed coverage on shares of Williams Companies in a report on Tuesday, February 5th. They set an “outperform” rating on the stock. Mizuho set a $32.00 price target on shares of Williams Companies and gave the company a “buy” rating in a report on Tuesday, March 19th. Bank of America set a $30.00 target price on shares of Williams Companies and gave the stock a “buy” rating in a report on Thursday, February 14th. Finally, Zacks Investment Research raised shares of Williams Companies from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.33.
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About Williams Companies
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.
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