BP Capital Fund Advisors LLC Acquires New Stake in Williams Companies Inc (WMB)

BP Capital Fund Advisors LLC acquired a new stake in shares of Williams Companies Inc (NYSE:WMB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 515,161 shares of the pipeline company’s stock, valued at approximately $14,007,000. Williams Companies comprises about 6.0% of BP Capital Fund Advisors LLC’s portfolio, making the stock its largest holding.

Several other large investors also recently made changes to their positions in the company. Pinnacle Holdings LLC lifted its holdings in shares of Williams Companies by 169.1% in the third quarter. Pinnacle Holdings LLC now owns 220,995 shares of the pipeline company’s stock valued at $6,009,000 after purchasing an additional 138,883 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Williams Companies by 40.7% in the third quarter. Raymond James Trust N.A. now owns 18,309 shares of the pipeline company’s stock valued at $498,000 after purchasing an additional 5,298 shares in the last quarter. Texas Yale Capital Corp. lifted its holdings in shares of Williams Companies by 656.8% in the third quarter. Texas Yale Capital Corp. now owns 158,918 shares of the pipeline company’s stock valued at $4,321,000 after purchasing an additional 137,918 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Williams Companies by 12,383.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,711,385 shares of the pipeline company’s stock valued at $46,533,000 after purchasing an additional 1,697,676 shares in the last quarter. Finally, Eaton Vance Management lifted its holdings in shares of Williams Companies by 2.4% in the third quarter. Eaton Vance Management now owns 156,069 shares of the pipeline company’s stock valued at $4,244,000 after purchasing an additional 3,689 shares in the last quarter. Institutional investors own 74.34% of the company’s stock.

Williams Companies stock opened at $25.56 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $30.25 billion, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 4.99 and a beta of 1.57. Williams Companies Inc has a one year low of $23.54 and a one year high of $33.67.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The firm had revenue of $2.30 billion for 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 in the prior year, the business posted $0.04 earnings per share. On average, sell-side analysts predict that Williams Companies Inc will post 0.77 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 5.32%. The ex-dividend date is Thursday, December 13th. Williams Companies’s payout ratio is 215.87%.

A number of research firms have recently issued reports on WMB. Stifel Nicolaus began coverage on Williams Companies in a report on Tuesday, August 7th. They issued a “buy” rating and a $35.00 target price for the company. Seaport Global Securities began coverage on Williams Companies in a report on Friday, October 19th. They issued a “buy” rating and a $31.00 target price for the company. Morgan Stanley set a $35.00 target price on Williams Companies and gave the company an “overweight” rating in a report on Thursday, August 16th. US Capital Advisors upgraded Williams Companies from a “hold” rating to an “overweight” rating in a report on Wednesday, October 17th. Finally, Zacks Investment Research lowered Williams Companies from a “hold” rating to a “strong sell” rating in a report on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $32.76.

In other Williams Companies news, insider John D. Chandler bought 10,000 shares of the stock in a transaction on Friday, November 2nd. The shares were purchased at an average cost of $25.94 per share, with a total value of $259,400.00. Following the completion of the transaction, the insider now directly owns 26,582 shares of the company’s stock, valued at approximately $689,537.08. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chad J. Zamarin bought 2,500 shares of the stock in a transaction on Tuesday, November 6th. The shares were acquired at an average cost of $25.69 per share, for a total transaction of $64,225.00. Following the completion of the transaction, the insider now directly owns 28,970 shares of the company’s stock, valued at $744,239.30. The disclosure for this purchase can be found here. Insiders have acquired 38,500 shares of company stock worth $993,625 over the last three months. 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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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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