Synovus Financial Corp Purchases 2,805 Shares of The Williams Companies, Inc. (NYSE:WMB)

Synovus Financial Corp grew its position in The Williams Companies, Inc. (NYSE:WMBGet Rating) by 34.2% during the second quarter, HoldingsChannel.com reports. The fund owned 11,014 shares of the pipeline company’s stock after acquiring an additional 2,805 shares during the quarter. Synovus Financial Corp’s holdings in Williams Companies were worth $344,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Williams Companies by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 122,908,600 shares of the pipeline company’s stock valued at $4,106,376,000 after purchasing an additional 7,243,812 shares during the last quarter. BlackRock Inc. increased its position in shares of Williams Companies by 5.0% during the 1st quarter. BlackRock Inc. now owns 113,613,075 shares of the pipeline company’s stock valued at $3,795,812,000 after purchasing an additional 5,388,309 shares during the last quarter. State Street Corp increased its position in shares of Williams Companies by 5.1% during the 1st quarter. State Street Corp now owns 88,199,537 shares of the pipeline company’s stock valued at $2,946,747,000 after purchasing an additional 4,301,481 shares during the last quarter. Bank of America Corp DE increased its position in shares of Williams Companies by 17.1% during the 1st quarter. Bank of America Corp DE now owns 35,897,960 shares of the pipeline company’s stock valued at $1,199,352,000 after purchasing an additional 5,244,814 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Williams Companies by 85.8% during the 1st quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock valued at $546,327,000 after purchasing an additional 7,551,749 shares during the last quarter. Institutional investors own 85.40% of the company’s stock.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 10,000 shares of the company’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $33.76, for a total transaction of $337,600.00. Following the transaction, the senior vice president now directly owns 198,489 shares of the company’s stock, valued at approximately $6,700,988.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMB has been the topic of several analyst reports. Mizuho boosted their target price on Williams Companies from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. The Goldman Sachs Group cut Williams Companies from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $35.00 to $30.00 in a report on Wednesday, September 7th. Raymond James boosted their price objective on Williams Companies from $40.00 to $42.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 3rd. Morgan Stanley dropped their price objective on Williams Companies from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Wednesday, October 19th. Finally, Barclays dropped their price objective on Williams Companies from $39.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.25.

Williams Companies Trading Up 0.9 %

Shares of NYSE WMB opened at $33.40 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.88 and a quick ratio of 0.80. The stock has a market capitalization of $40.69 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 6.13 and a beta of 1.22. The Williams Companies, Inc. has a 1-year low of $24.86 and a 1-year high of $37.97. The business has a fifty day moving average price of $31.58 and a 200 day moving average price of $32.92.

Williams Companies (NYSE:WMBGet Rating) last issued its quarterly earnings data on Monday, October 31st. The pipeline company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Williams Companies had a return on equity of 14.73% and a net margin of 17.72%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. Equities research analysts expect that The Williams Companies, Inc. will post 1.56 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 26th. Investors of record on Friday, December 9th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Thursday, December 8th. Williams Companies’s dividend payout ratio (DPR) is currently 103.66%.

Williams Companies Company 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.

Further Reading

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

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