Sentry Investment Management LLC increased its stake in Williams Companies Inc (NYSE:WMB) by 46.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,983 shares of the pipeline company’s stock after buying an additional 24,598 shares during the period. Sentry Investment Management LLC’s holdings in Williams Companies were worth $2,120,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Tortoise Capital Advisors L.L.C. grew its holdings in Williams Companies by 16.4% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 16,823,579 shares of the pipeline company’s stock worth $456,087,000 after acquiring an additional 2,375,456 shares in the last quarter. Chickasaw Capital Management LLC grew its holdings in Williams Companies by 37.3% during the 3rd quarter. Chickasaw Capital Management LLC now owns 13,919,422 shares of the pipeline company’s stock worth $378,469,000 after acquiring an additional 3,785,114 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Williams Companies by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,299,069 shares of the pipeline company’s stock worth $197,876,000 after acquiring an additional 247,977 shares in the last quarter. Millennium Management LLC grew its holdings in Williams Companies by 44.9% during the 2nd quarter. Millennium Management LLC now owns 6,362,100 shares of the pipeline company’s stock worth $172,477,000 after acquiring an additional 1,970,242 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its holdings in Williams Companies by 24.3% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 5,672,764 shares of the pipeline company’s stock worth $153,775,000 after acquiring an additional 1,110,400 shares in the last quarter. 88.44% of the stock is currently owned by institutional investors.
WMB has been the topic of several recent research reports. Bank of America reiterated a “buy” rating on shares of Williams Companies in a report on Tuesday, August 21st. Zacks Investment Research cut shares of Williams Companies from a “hold” rating to a “strong sell” rating in a report on Thursday, September 27th. Wells Fargo & Co dropped their target price on shares of Williams Companies from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, September 13th. ValuEngine cut shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, 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 target price on the stock. One 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. The company currently has an average rating of “Buy” and an average target price of $33.07.
NYSE:WMB opened at $25.33 on Friday. Williams Companies Inc has a fifty-two week low of $23.54 and a fifty-two week high of $33.67. The stock has a market capitalization of $21.92 billion, a PE ratio of 33.10, a PEG ratio of 5.29 and a beta of 1.57. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.27.
Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the business earned $0.04 EPS. As a group, equities research analysts forecast that Williams Companies Inc will post 0.77 EPS 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 issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date is Thursday, December 13th. Williams Companies’s dividend payout ratio is currently 215.87%.
In other news, SVP Terrance Lane Wilson purchased 1,000 shares of the stock in a transaction dated Friday, November 2nd. The shares were acquired at an average cost of $25.75 per share, for a total transaction of $25,750.00. Following the acquisition, the senior vice president now owns 17,844 shares of the company’s stock, valued at $459,483. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael A. Creel bought 25,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was bought at an average price of $25.77 per share, with a total value 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 disclosure for this purchase can be found here. Insiders bought a total of 38,500 shares of company stock worth $993,625 over the last 90 days. Company insiders own 0.53% of the company’s stock.
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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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