Conning Inc. Acquires 22,877 Shares of Williams Companies Inc (WMB)

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Conning Inc. boosted its holdings in Williams Companies Inc (NYSE:WMB) by 11.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 228,274 shares of the pipeline company’s stock after buying an additional 22,877 shares during the quarter. Conning Inc.’s holdings in Williams Companies were worth $6,556,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. JNBA Financial Advisors grew its position in Williams Companies by 68.6% in the fourth quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock worth $26,000 after buying an additional 480 shares during the last quarter. Claybrook Capital LLC acquired a new position in Williams Companies in the fourth quarter worth approximately $26,000. JOYN Advisors Inc. grew its position in Williams Companies by 57.9% in the fourth quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after buying an additional 463 shares during the last quarter. Oakworth Capital Inc. grew its position in Williams Companies by 381.7% in the fourth quarter. Oakworth Capital Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after buying an additional 1,000 shares during the last quarter. Finally, Liberty Wealth Management LLC acquired a new position in Williams Companies in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 90.22% of the company’s stock.

WMB has been the subject of a number of recent analyst reports. Mizuho set a $32.00 price objective on shares of Williams Companies and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Bank of America set a $30.00 price objective on shares of Williams Companies and gave the stock a “buy” rating in a research note on Thursday, February 14th. Evercore ISI initiated coverage on shares of Williams Companies in a research note on Tuesday, February 5th. They issued an “outperform” rating for the company. Zacks Investment Research raised shares of Williams Companies from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, January 30th. Finally, Barclays raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Wednesday, January 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.46.

In other Williams Companies news, Director Kathleen B. Cooper sold 9,615 shares of Williams Companies stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $27.39, for a total transaction of $263,354.85. Following the completion of the sale, the director now owns 32,272 shares of the company’s stock, valued at approximately $883,930.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Walter J. Bennett sold 14,859 shares of Williams Companies stock in a transaction on Monday, February 25th. The shares were sold at an average price of $27.13, for a total transaction of $403,124.67. Following the sale, the insider now directly owns 116,881 shares of the company’s stock, valued at approximately $3,170,981.53. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Williams Companies stock traded up $0.44 during midday trading on Monday, reaching $28.76. The stock had a trading volume of 3,922,604 shares, compared to its average volume of 7,568,903. Williams Companies Inc has a twelve month low of $20.36 and a twelve month high of $32.22. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market capitalization of $34.56 billion, a price-to-earnings ratio of 36.41, a P/E/G ratio of 4.45 and a beta of 1.73.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 13th. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.53 billion. Williams Companies had a negative net margin of 1.78% and a positive return on equity of 4.83%. During the same period last year, the business earned $0.36 EPS. Equities analysts forecast that Williams Companies Inc will post 0.98 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.29%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.34. Williams Companies’s dividend payout ratio (DPR) is 192.41%.

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Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

Further Reading: What is Call Option Volume?

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies Inc (NYSE:WMB).

Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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