Today, Assetmark Inc. invests in 87,853 by buying Williams Cos. (WMB) shares

Today, Assetmark Inc. invests in 87,853 by buying Williams Cos. (WMB) shares

Assetmark Inc. increased its stake in shares of Williams Cos. (NYSE:WMB) by 237,440.5% during the third quarter, Holdings Channel reports. The fund owned 87,890 shares of the company’s stock after buying an additional 87,853 shares during the period. Assetmark Inc.’s holdings in Williams Cos. were worth $2,701,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Williams Cos. by 2.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,998,319 shares of the company’s stock valued at $43,224,000 after buying an additional 45,184 shares during the last quarter. Hanseatic Management Services Inc. raised its stake in Williams Cos. by 6,806.4% in the third quarter. Hanseatic Management Services Inc. now owns 34,394 shares of the company’s stock valued at $1,057,000 after buying an additional 33,896 shares during the last quarter. Beck Mack & Oliver LLC raised its stake in Williams Cos. by 3.2% in the second quarter. Beck Mack & Oliver LLC now owns 553,005 shares of the company’s stock valued at $11,961,000 after buying an additional 16,900 shares during the last quarter. BB&T Securities LLC raised its stake in Williams Cos. by 68.9% in the second quarter. BB&T Securities LLC now owns 88,007 shares of the company’s stock valued at $1,903,000 after buying an additional 35,895 shares during the last quarter. Finally, Diversified Trust Co raised its stake in Williams Cos. by 88.4% in the second quarter. Diversified Trust Co now owns 38,013 shares of the company’s stock valued at $822,000 after buying an additional 17,837 shares during the last quarter. Institutional investors own 86.46% of the company’s stock.

Shares of Williams Cos. (NYSE:WMB) opened at 30.62 on Friday. The firm has a 50-day moving average price of $29.84 and a 200-day moving average price of $26.07. The stock’s market capitalization is $22.99 billion. Williams Cos. has a 1-year low of $10.22 and a 1-year high of $36.97.

Williams Cos. (NYSE:WMB) last posted its earnings results on Monday, October 31st. The company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. Williams Cos. had a positive return on equity of 2.16% and a negative net margin of 15.19%. During the same period in the prior year, the company earned $0.22 EPS. On average, equities research analysts forecast that Williams Cos. will post $0.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 27th. Shareholders of record on Friday, December 9th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. Williams Cos.’s dividend payout ratio is currently -53.69%.

Several analysts recently weighed in on WMB shares. Zacks Investment Research lowered Williams Cos. from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Argus reaffirmed a “buy” rating and issued a $36.00 price objective (up previously from $31.00) on shares of Williams Cos. in a research report on Wednesday, October 5th. RBC Capital Markets started coverage on Williams Cos. in a research report on Monday, September 26th. They issued an “outperform” rating and a $39.00 price objective on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Williams Cos. in a research report on Sunday, October 16th. Finally, Stephens started coverage on Williams Cos. in a research report on Thursday, September 29th. They issued an “equal weight” rating and a $32.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $30.40.

In other news, Director Stephen I. Chazen acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were purchased at an average price of $28.23 per share, for a total transaction of $141,150.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $141,150. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rory Lee Miller sold 40,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $29.40, for a total value of $1,176,000.00. Following the completion of the sale, the insider now owns 109,780 shares in the company, valued at approximately $3,227,532. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

Williams Cos. Company Profile

The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.

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