PNC Financial Services Group Inc. raised its holdings in Williams Companies Inc (NYSE:WMB) by 94.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 366,403 shares of the pipeline company’s stock after acquiring an additional 177,528 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Williams Companies were worth $9,963,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Camarda Financial Advisors LLC raised its stake in shares of Williams Companies by 516.7% during the 3rd quarter. Camarda Financial Advisors LLC now owns 4,163 shares of the pipeline company’s stock worth $113,000 after buying an additional 3,488 shares during the last quarter. Squar Milner Financial Services LLC raised its stake in shares of Williams Companies by 152.6% during the 3rd quarter. Squar Milner Financial Services LLC now owns 4,206 shares of the pipeline company’s stock worth $114,000 after buying an additional 2,541 shares during the last quarter. First Interstate Bank raised its stake in shares of Williams Companies by 96.3% during the 3rd quarter. First Interstate Bank now owns 4,318 shares of the pipeline company’s stock worth $117,000 after buying an additional 2,118 shares during the last quarter. Centaurus Financial Inc. acquired a new position in shares of Williams Companies during the 2nd quarter worth $127,000. Finally, Avestar Capital LLC raised its stake in shares of Williams Companies by 235.3% during the 3rd quarter. Avestar Capital LLC now owns 4,822 shares of the pipeline company’s stock worth $127,000 after buying an additional 3,384 shares during the last quarter. 74.34% of the stock is owned by institutional investors.
In other news, Director Michael A. Creel bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was purchased at an average price of $25.77 per share, with a total value of $644,250.00. Following the purchase, the director now owns 20,907 shares of the company’s stock, valued at approximately $538,773.39. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad J. Zamarin bought 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased at an average cost of $25.69 per share, with a total value of $64,225.00. Following the purchase, the insider now directly owns 28,970 shares in the company, valued at approximately $744,239.30. The disclosure for this purchase can be found here. Insiders purchased a total of 38,500 shares of company stock valued at $993,625 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
WMB has been the subject of several research reports. Bank of America reaffirmed a “buy” rating on shares of Williams Companies in a research note on Tuesday, August 21st. Zacks Investment Research downgraded Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 27th. Wells Fargo & Co cut their price target on Williams Companies from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, September 13th. ValuEngine downgraded Williams Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Finally, Stifel Nicolaus initiated coverage on Williams Companies in a research note on Tuesday, August 7th. They set a “buy” rating and a $35.00 price target for the company. One 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 has an average rating of “Buy” and an average target price of $32.76.
Shares of WMB stock opened at $25.56 on Friday. Williams Companies Inc has a twelve month low of $23.54 and a twelve month high of $33.67. The stock has a market capitalization of $30.68 billion, a P/E ratio of 40.57, a PEG ratio of 5.06 and a beta of 1.57. 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 consensus estimate of $0.20 by $0.04. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $0.04 EPS. On average, analysts expect that Williams Companies Inc will post 0.77 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Thursday, December 13th. Williams Companies’s payout ratio 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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