Massachusetts Financial Services Co. MA decreased its position in Williams Companies (NYSE:WMB) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,271,279 shares of the pipeline company’s stock after selling 123,677 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Williams Companies were worth $56,464,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of WMB. BlackRock Inc. lifted its holdings in shares of Williams Companies by 12.4% in the 4th quarter. BlackRock Inc. now owns 77,428,540 shares of the pipeline company’s stock worth $2,360,797,000 after purchasing an additional 8,532,633 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Williams Companies by 105.9% in the 4th quarter. Mackenzie Financial Corp now owns 4,130,727 shares of the pipeline company’s stock worth $125,946,000 after purchasing an additional 2,124,502 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Williams Companies by 47.9% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 4,464,764 shares of the pipeline company’s stock worth $136,116,000 after purchasing an additional 1,445,904 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Williams Companies by 11.3% in the 4th quarter. Clearbridge Investments LLC now owns 10,568,640 shares of the pipeline company’s stock worth $322,238,000 after purchasing an additional 1,075,388 shares during the last quarter. Finally, Maple Brown Abbott Ltd lifted its holdings in shares of Williams Companies by 306.1% in the 4th quarter. Maple Brown Abbott Ltd now owns 1,089,602 shares of the pipeline company’s stock worth $68,906,000 after purchasing an additional 821,302 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.
In other news, Director Kathleen B. Cooper sold 4,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $28.31, for a total value of $113,240.00. Following the sale, the director now owns 45,465 shares of the company’s stock, valued at approximately $1,287,114.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ted T. Timmermans sold 2,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $28.28, for a total value of $56,560.00. Following the completion of the sale, the vice president now directly owns 17,945 shares in the company, valued at approximately $507,484.60. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.
Shares of Williams Companies opened at $27.26 on Wednesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.03 and a current ratio of 1.11. The firm has a market cap of $22.46 billion, a price-to-earnings ratio of 43.27 and a beta of 1.38. Williams Companies has a 1-year low of $27.08 and a 1-year high of $27.28.
Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, May 2nd. The pipeline company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Williams Companies had a return on equity of 3.61% and a net margin of 24.02%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the firm posted $0.14 EPS. research analysts forecast that Williams Companies will post 0.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Stockholders of record on Friday, June 8th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Thursday, June 7th. Williams Companies’s dividend payout ratio is presently 215.87%.
Several analysts recently issued reports on WMB shares. Zacks Investment Research downgraded Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. US Capital Advisors raised Williams Companies from a “hold” rating to a “buy” rating in a report on Friday, April 6th. Royal Bank of Canada reissued a “buy” rating and issued a $38.00 price target on shares of Williams Companies in a report on Tuesday, January 16th. Barclays downgraded Williams Companies from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $36.00 to $35.00 in a research note on Wednesday, January 17th. Finally, JPMorgan Chase raised Williams Companies from a “neutral” rating to an “overweight” rating in a research note on Friday, March 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Williams Companies presently has an average rating of “Buy” and an average price target of $33.21.
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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