Miles Capital Inc. lessened its position in Williams Companies Inc (NYSE:WMB) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,028 shares of the pipeline company’s stock after selling 1,147 shares during the quarter. Miles Capital Inc.’s holdings in Williams Companies were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMB. Garrett Wealth Advisory Group LLC bought a new position in shares of Williams Companies during the 3rd quarter valued at $27,000. Citizens Financial Group Inc RI boosted its position in Williams Companies by 83.5% during the third quarter. Citizens Financial Group Inc RI now owns 1,180 shares of the pipeline company’s stock valued at $29,000 after buying an additional 537 shares during the period. Ellevest Inc. grew its stake in shares of Williams Companies by 205.4% during the second quarter. Ellevest Inc. now owns 1,197 shares of the pipeline company’s stock valued at $34,000 after buying an additional 805 shares during the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Williams Companies by 277.4% during the second quarter. CSat Investment Advisory L.P. now owns 1,238 shares of the pipeline company’s stock valued at $35,000 after buying an additional 910 shares during the last quarter. Finally, Quest Capital Management Inc. ADV purchased a new position in shares of Williams Companies in the third quarter worth about $38,000. 86.73% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on WMB shares. UBS Group reissued a “buy” rating and issued a $29.00 target price (down previously from $30.00) on shares of Williams Companies in a research note on Monday, November 25th. Wolfe Research lowered Williams Companies from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Raymond James decreased their price target on Williams Companies from $33.00 to $32.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, October 23rd. TD Securities decreased their price target on Williams Companies from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Finally, Morgan Stanley initiated coverage on Williams Companies in a research report on Monday, January 6th. They issued an “equal weight” rating and a $25.00 price objective for the company. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Companies has an average rating of “Buy” and an average target price of $27.73.
Shares of WMB stock traded down $0.53 during trading on Tuesday, reaching $23.33. The company’s stock had a trading volume of 210,533 shares, compared to its average volume of 7,324,618. Williams Companies Inc has a 1-year low of $21.90 and a 1-year high of $29.55. The stock’s 50-day moving average price is $23.34 and its 200 day moving average price is $24.01. The company has a market capitalization of $28.92 billion, a price-to-earnings ratio of 179.23, a P/E/G ratio of 4.72 and a beta of 1.55. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.43 and a quick ratio of 0.39.
Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, October 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. Williams Companies had a net margin of 1.87% and a return on equity of 6.95%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the business earned $0.13 EPS. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. On average, sell-side analysts anticipate that Williams Companies Inc will post 0.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date was Thursday, December 12th. Williams Companies’s dividend payout ratio is currently 192.41%.
Williams Companies 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.
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