Gs Investments Inc. lifted its stake in shares of Williams Companies Inc (NYSE:WMB) by 72.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,823 shares of the pipeline company’s stock after acquiring an additional 20,153 shares during the quarter. Gs Investments Inc.’s holdings in Williams Companies were worth $1,300,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Bray Capital Advisors increased its holdings in Williams Companies by 100.0% during the second quarter. Bray Capital Advisors now owns 4,000 shares of the pipeline company’s stock valued at $108,000 after buying an additional 2,000 shares during the period. Arrow Financial Corp purchased a new position in Williams Companies during the second quarter valued at approximately $113,000. Camarda Financial Advisors LLC increased its holdings in Williams Companies by 516.7% during the third quarter. Camarda Financial Advisors LLC now owns 4,163 shares of the pipeline company’s stock valued at $113,000 after buying an additional 3,488 shares during the period. Squar Milner Financial Services LLC increased its holdings in Williams Companies by 152.6% during the third quarter. Squar Milner Financial Services LLC now owns 4,206 shares of the pipeline company’s stock valued at $114,000 after buying an additional 2,541 shares during the period. Finally, Centaurus Financial Inc. purchased a new position in Williams Companies during the second quarter valued at approximately $127,000. 88.44% of the stock is currently owned by institutional investors and hedge funds.
WMB has been the topic of several research reports. Bank of America reissued a “buy” rating on shares of Williams Companies in a report on Tuesday, August 21st. US Capital Advisors reissued a “buy” rating on shares of Williams Companies in a report on Tuesday, July 17th. UBS Group lifted their price objective on shares of Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, August 10th. Stifel Nicolaus initiated coverage on shares of Williams Companies in a report on Tuesday, August 7th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, Seaport Global Securities initiated coverage on shares of Williams Companies in a report on Friday, October 19th. They set a “buy” rating and a $31.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $33.07.
In other news, Director Michael A. Creel bought 25,000 shares of the stock in a transaction on Friday, November 2nd. The stock was bought at an average cost of $25.77 per share, for a total transaction of $644,250.00. Following the completion of the purchase, the director now directly owns 20,907 shares in the company, valued at $538,773.39. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John D. Chandler bought 10,000 shares of the stock in a transaction on Friday, November 2nd. The stock was purchased at an average price of $25.94 per share, with a total value of $259,400.00. Following the completion of the purchase, the insider now owns 26,582 shares of the company’s stock, valued at $689,537.08. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 38,500 shares of company stock valued at $993,625. 0.53% of the stock is owned by insiders.
Shares of WMB opened at $25.33 on Friday. The company has a market capitalization of $21.31 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 5.14 and a beta of 1.57. Williams Companies Inc has a twelve month low of $23.54 and a twelve month high of $33.67. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.72 and a quick ratio of 0.66.
Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. During the same period last year, the firm earned $0.04 earnings per share. On average, equities analysts predict that Williams Companies Inc will post 0.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a $0.34 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.36 annualized dividend and a yield of 5.37%. Williams Companies’s dividend payout ratio (DPR) is 215.87%.
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Williams Companies 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.
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