Capital Investment Advisors LLC increased its stake in The Williams Companies, Inc. (NYSE:WMB) by 2.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,845 shares of the pipeline company’s stock after purchasing an additional 1,403 shares during the period. Capital Investment Advisors LLC’s holdings in The Williams Companies were worth $1,370,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. United Asset Strategies Inc. grew its holdings in The Williams Companies by 140.9% during the 1st quarter. United Asset Strategies Inc. now owns 140,475 shares of the pipeline company’s stock worth $3,328,000 after acquiring an additional 82,156 shares during the period. Usca Ria LLC grew its holdings in The Williams Companies by 26.1% during the 1st quarter. Usca Ria LLC now owns 124,298 shares of the pipeline company’s stock worth $2,945,000 after acquiring an additional 25,755 shares during the period. AE Wealth Management LLC grew its holdings in The Williams Companies by 7.4% during the 1st quarter. AE Wealth Management LLC now owns 34,740 shares of the pipeline company’s stock worth $823,000 after acquiring an additional 2,389 shares during the period. Tuttle Tactical Management acquired a new position in shares of The Williams Companies in the 1st quarter valued at $389,000. Finally, Heritage Wealth Advisors grew its holdings in shares of The Williams Companies by 2,558.0% in the 1st quarter. Heritage Wealth Advisors now owns 90,958 shares of the pipeline company’s stock valued at $2,155,000 after buying an additional 87,536 shares during the period. 83.57% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on WMB. Mizuho boosted their price target on shares of The Williams Companies from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, February 24th. Morgan Stanley boosted their price target on shares of The Williams Companies from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, March 29th. Raymond James boosted their price target on shares of The Williams Companies from $24.00 to $25.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 14th. TD Securities upped their target price on shares of The Williams Companies from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, March 2nd. Finally, Scotiabank raised shares of The Williams Companies from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 10th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The Williams Companies has a consensus rating of “Buy” and an average price target of $25.40.
The Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, May 3rd. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.06. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $1.89 billion. The Williams Companies had a net margin of 1.86% and a return on equity of 7.77%. The firm’s revenue for the quarter was up 36.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.43) EPS. On average, research analysts expect that The Williams Companies, Inc. will post 1.04 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 28th. Investors of record on Friday, June 11th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, June 10th. This represents a $1.64 annualized dividend and a dividend yield of 6.62%. The Williams Companies’s dividend payout ratio is 165.66%.
In related news, SVP Walter J. Bennett sold 15,000 shares of the stock in a transaction that occurred on Wednesday, February 24th. The shares were sold at an average price of $24.00, for a total transaction of $360,000.00. Following the sale, the senior vice president now owns 165,338 shares in the company, valued at approximately $3,968,112. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.27% of the company’s stock.
The Williams Companies Profile
The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, and West segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.
See Also: How Does the Quiet Period Work?
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Williams Companies, Inc. (NYSE:WMB).
Receive News & Ratings for The Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.