J.W. Cole Advisors Inc. Takes Position in The Williams Companies, Inc. (NYSE:WMB)

J.W. Cole Advisors Inc. purchased a new stake in The Williams Companies, Inc. (NYSE:WMBGet Rating) during the 1st quarter, HoldingsChannel reports. The firm purchased 14,314 shares of the pipeline company’s stock, valued at approximately $117,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gateway Investment Advisers LLC acquired a new stake in shares of Williams Companies in the first quarter valued at about $236,000. Los Angeles Capital Management LLC lifted its stake in shares of Williams Companies by 620.8% in the first quarter. Los Angeles Capital Management LLC now owns 252,059 shares of the pipeline company’s stock valued at $8,421,000 after buying an additional 217,089 shares during the period. Huntington National Bank lifted its stake in shares of Williams Companies by 36.6% in the first quarter. Huntington National Bank now owns 6,017 shares of the pipeline company’s stock valued at $201,000 after buying an additional 1,613 shares during the period. Cohen & Steers Inc. lifted its stake in shares of Williams Companies by 7.1% in the first quarter. Cohen & Steers Inc. now owns 430,556 shares of the pipeline company’s stock valued at $14,385,000 after buying an additional 28,600 shares during the period. Finally, Lincoln National Corp lifted its stake in shares of Williams Companies by 17.4% in the first quarter. Lincoln National Corp now owns 13,741 shares of the pipeline company’s stock valued at $459,000 after buying an additional 2,039 shares during the period. 85.40% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $31.47 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a market cap of $38.35 billion, a P/E ratio of 24.59, a P/E/G ratio of 6.18 and a beta of 1.17. The firm has a 50 day simple moving average of $33.34 and a 200 day simple moving average of $33.60. The Williams Companies, Inc. has a fifty-two week low of $24.86 and a fifty-two week high of $37.97.

Williams Companies (NYSE:WMBGet Rating) last issued its quarterly earnings results on Monday, August 1st. The pipeline company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.42 billion. Williams Companies had a net margin of 14.57% and a return on equity of 13.43%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. Sell-side analysts predict that The Williams Companies, Inc. will post 1.48 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Thursday, September 8th. Williams Companies’s dividend payout ratio is presently 132.81%.

Analyst Upgrades and Downgrades

WMB has been the subject of several research reports. TD Securities increased their target price on shares of Williams Companies from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. The Goldman Sachs Group cut shares of Williams Companies from a “neutral” rating to a “sell” rating and cut their price target for the stock from $35.00 to $30.00 in a research note on Wednesday, September 7th. Mizuho raised their price target on shares of Williams Companies from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Wells Fargo & Company raised their price target on shares of Williams Companies from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 3rd. Finally, US Capital Advisors restated a “hold” rating on shares of Williams Companies in a research note on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Williams Companies currently has an average rating of “Moderate Buy” and a consensus target price of $35.86.

Williams Companies Profile

(Get Rating)

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, West, and Gas & NGL Marketing Services 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, as well as various petrochemical and feedstock pipelines.

Read More

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:WMBGet Rating).

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

Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.