B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lowered its stake in shares of Williams Companies Inc (NYSE:WMB) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 338,400 shares of the pipeline company’s stock after selling 21,870 shares during the period. Williams Companies makes up approximately 1.5% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s portfolio, making the stock its 19th biggest holding. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Williams Companies were worth $9,174,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Putnam Investments LLC raised its stake in Williams Companies by 2.5% during the second quarter. Putnam Investments LLC now owns 1,031,509 shares of the pipeline company’s stock worth $27,965,000 after purchasing an additional 25,458 shares during the period. Cozad Asset Management Inc. purchased a new position in Williams Companies during the second quarter worth approximately $1,664,000. Millennium Management LLC raised its stake in Williams Companies by 44.9% during the second quarter. Millennium Management LLC now owns 6,362,100 shares of the pipeline company’s stock worth $172,477,000 after purchasing an additional 1,970,242 shares during the period. Worldquant Millennium Quantitative Strategies LLC purchased a new position in Williams Companies during the second quarter worth approximately $6,986,000. Finally, Centaurus Financial Inc. purchased a new position in Williams Companies during the second quarter worth approximately $127,000. 86.62% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on WMB. Stifel Nicolaus began coverage on shares of Williams Companies in a research note on Tuesday, August 7th. They set a “buy” rating and a $35.00 price target on the stock. ValuEngine raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Scotiabank raised shares of Williams Companies from a “sector perform” rating to a “buy” rating in a research note on Friday, May 18th. Zacks Investment Research raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, UBS Group increased their price objective on shares of Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $33.43.
In related news, SVP Frank J. Ferazzi sold 1,100 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $31.31, for a total transaction of $34,441.00. Following the completion of the sale, the senior vice president now directly owns 15,037 shares of the company’s stock, valued at approximately $470,808.47. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ted T. Timmermans sold 20,267 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $32.00, for a total transaction of $648,544.00. Following the sale, the vice president now directly owns 9,955 shares of the company’s stock, valued at $318,560. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.
Williams Companies stock opened at $28.19 on Friday. Williams Companies Inc has a 52-week low of $24.00 and a 52-week high of $33.67. The firm has a market capitalization of $23.66 billion, a PE ratio of 44.75, a price-to-earnings-growth ratio of 4.48 and a beta of 1.51. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.38.
Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Williams Companies had a return on equity of 3.82% and a net margin of 24.19%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the company earned $0.13 EPS. research analysts anticipate that Williams Companies Inc will post 0.85 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 24th. Stockholders of record on Friday, September 7th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, September 6th. Williams Companies’s payout ratio is currently 215.87%.
Williams Companies Profile
The Williams Cos., Inc is an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through three segments: Williams Partners; and Others. The Williams Partners segment includes gas pipeline and domestic midstream businesses.
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