Advisors Capital Management LLC purchased a new position in shares of Williams Cos. (NYSE:WMB) during the third quarter, Holdings Channel reports. The institutional investor purchased 19,868 shares of the company’s stock, valued at approximately $611,000.
Other large investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in Williams Cos. by 360.7% in the third quarter. Toronto Dominion Bank now owns 20,809 shares of the company’s stock worth $639,000 after buying an additional 16,292 shares during the period. Bank of New York Mellon Corp increased its stake in Williams Cos. by 19.3% in the third quarter. Bank of New York Mellon Corp now owns 9,456,266 shares of the company’s stock worth $290,589,000 after buying an additional 1,529,748 shares during the period. Diversified Trust Co increased its stake in shares of Williams Cos. by 51.2% in the third quarter. Diversified Trust Co now owns 57,458 shares of the company’s stock valued at $1,766,000 after buying an additional 19,445 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Williams Cos. by 49.6% in the third quarter. Victory Capital Management Inc. now owns 13,040 shares of the company’s stock valued at $401,000 after buying an additional 4,323 shares during the last quarter. Finally, RMB Capital Management LLC acquired a new stake in shares of Williams Cos. during the third quarter valued at $3,688,000. 86.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of Williams Cos. (NYSE:WMB) traded down 1.73% during mid-day trading on Friday, reaching $30.09. 3,218,007 shares of the company were exchanged. Williams Cos. has a 12 month low of $10.22 and a 12 month high of $36.97. The firm’s market capitalization is $22.59 billion. The company’s 50-day moving average is $29.84 and its 200 day moving average is $26.07.
Williams Cos. (NYSE:WMB) last posted its quarterly earnings data on Monday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Williams Cos. had a negative net margin of 15.19% and a positive return on equity of 2.16%. During the same quarter last year, the company earned $0.22 EPS. Analysts predict that Williams Cos. will post $0.62 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 27th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. Williams Cos.’s dividend payout ratio is currently -53.69%.
Several brokerages recently weighed in on WMB. Zacks Investment Research downgraded shares of Williams Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Citigroup Inc. cut their target price on shares of Williams Cos. from $55.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 2nd. Morgan Stanley set a $24.00 target price on shares of Williams Cos. and gave the stock a “hold” rating in a research note on Wednesday, August 10th. Evercore Partners Inc. upped their target price on shares of Williams Cos. from $24.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Finally, RBC Capital Markets began coverage on shares of Williams Cos. in a research note on Monday, September 26th. They set an “outperform” rating and a $39.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $30.40.
In other news, Director Stephen I. Chazen acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were bought at an average price of $28.23 per share, for a total transaction of $141,150.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $141,150. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Rory Lee Miller sold 40,000 shares of Williams Cos. stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $29.40, for a total transaction of $1,176,000.00. Following 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. Insiders own 0.53% of the company’s stock.
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.