Trading Report: Today, Mason Street Advisors LLC Buys New Position in Williams Cos. (WMB)

Today, Mason Street Advisors LLC Buys New Position in Williams Cos. (WMB)

Mason Street Advisors LLC acquired a new stake in Williams Cos. (NYSE:WMB) during the second quarter, Holdings Channel reports. The firm acquired 90,918 shares of the company’s stock, valued at approximately $1,967,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC raised its position in Williams Cos. by 23.2% in the first quarter. LPL Financial LLC now owns 169,747 shares of the company’s stock valued at $2,514,000 after buying an additional 32,015 shares in the last quarter. Seven Eight Capital LLC raised its position in Williams Cos. by 68.0% in the first quarter. Seven Eight Capital LLC now owns 15,152 shares of the company’s stock valued at $243,000 after buying an additional 6,134 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Williams Cos. by 16.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,792 shares of the company’s stock valued at $575,000 after buying an additional 5,056 shares in the last quarter. First Republic Investment Management Inc. raised its position in Williams Cos. by 41.8% in the first quarter. First Republic Investment Management Inc. now owns 57,510 shares of the company’s stock valued at $926,000 after buying an additional 16,947 shares in the last quarter. Finally, British Columbia Investment Management Corp raised its position in Williams Cos. by 11.1% in the second quarter. British Columbia Investment Management Corp now owns 472,387 shares of the company’s stock valued at $10,218,000 after buying an additional 47,160 shares in the last quarter. Institutional investors own 86.46% of the company’s stock.

Shares of Williams Cos. (NYSE:WMB) traded down 1.73% during trading on Friday, hitting $30.09. The company’s stock had a trading volume of 3,218,007 shares. The firm’s 50 day moving average price is $29.80 and its 200-day moving average price is $26.15. The company’s market cap is $22.59 billion. Williams Cos. has a 52 week low of $10.22 and a 52 week high of $36.97.

Williams Cos. (NYSE:WMB) last issued its quarterly earnings results on Monday, October 31st. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 period in the prior year, the firm posted $0.22 earnings per share. On average, analysts predict that Williams Cos. will post $0.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 27th. Investors 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 annualized dividend and a dividend yield of 2.66%. Williams Cos.’s dividend payout ratio (DPR) is presently -53.69%.

WMB has been the subject of several research analyst reports. Evercore Partners Inc. raised their price target on Williams Cos. from $24.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Argus raised their price target on Williams Cos. from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, August 22nd. Jefferies Group restated a “buy” rating and set a $35.00 price target on shares of Williams Cos. in a research report on Sunday, October 16th. Stephens started coverage on Williams Cos. in a research report on Thursday, September 29th. They set an “equal weight” rating and a $32.00 price target for the company. Finally, Zacks Investment Research cut Williams Cos. from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Williams Cos. has a consensus rating of “Buy” and a consensus price target of $30.40.

In other Williams Cos. news, insider Rory Lee Miller sold 40,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen I. Chazen bought 5,000 shares of the business’s stock in a transaction on Wednesday, November 2nd. The stock was bought at an average price of $28.23 per share, with a total value of $141,150.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $141,150. The disclosure for this purchase can be found here. 0.53% of the stock is currently owned by corporate insiders.

About Williams Cos.

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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