J.W. Cole Advisors Inc. purchased a new stake in The Williams Companies, Inc. (NYSE:WMB – Get 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 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
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.
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