Cohen Capital Management Inc. increased its position in shares of Williams Cos. (NYSE:WMB) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,650 shares of the company’s stock after buying an additional 3,150 shares during the period. Cohen Capital Management Inc.’s holdings in Williams Cos. were worth $2,233,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. FMR LLC increased its position in shares of Williams Cos. by 41.7% in the second quarter. FMR LLC now owns 62,583,375 shares of the company’s stock worth $1,353,678,000 after buying an additional 18,424,792 shares in the last quarter. Vanguard Group Inc. increased its position in Williams Cos. by 2.6% in the second quarter. Vanguard Group Inc. now owns 45,559,405 shares of the company’s stock worth $985,450,000 after buying an additional 1,175,167 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its position in Williams Cos. by 25.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 14,509,285 shares of the company’s stock worth $313,836,000 after buying an additional 2,965,439 shares in the last quarter. BlackRock Fund Advisors increased its position in Williams Cos. by 29.8% in the second quarter. BlackRock Fund Advisors now owns 12,470,077 shares of the company’s stock worth $269,728,000 after buying an additional 2,859,815 shares in the last quarter. Finally, Chickasaw Capital Management LLC increased its position in Williams Cos. by 1.6% in the second quarter. Chickasaw Capital Management LLC now owns 6,745,985 shares of the company’s stock worth $145,916,000 after buying an additional 106,022 shares in the last quarter. Institutional investors and hedge funds own 84.96% of the company’s stock.
Shares of Williams Cos. (NYSE:WMB) traded down 2.82% during trading on Monday, hitting $29.24. The stock had a trading volume of 6,203,453 shares. The stock’s market capitalization is $21.95 billion. The stock’s 50 day moving average is $29.77 and its 200 day moving average is $26.32. Williams Cos. has a 52 week low of $10.22 and a 52 week high of $36.97.
Williams Cos. (NYSE:WMB) last released its earnings results on Monday, October 31st. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.22 EPS. On average, equities research analysts expect that Williams Cos. will post $0.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 27th. Investors of record on Friday, December 9th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Wednesday, December 7th. Williams Cos.’s dividend payout ratio (DPR) is presently -53.69%.
A number of research firms have commented on WMB. Citigroup Inc. reaffirmed a “neutral” rating and set a $32.00 target price (up previously from $30.00) on shares of Williams Cos. in a report on Wednesday, November 2nd. Zacks Investment Research downgraded Williams Cos. from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. Jefferies Group reaffirmed a “buy” rating and set a $35.00 target price on shares of Williams Cos. in a report on Sunday, October 16th. Argus reaffirmed a “buy” rating and set a $36.00 target price (up previously from $31.00) on shares of Williams Cos. in a report on Wednesday, October 5th. Finally, Stephens began coverage on Williams Cos. in a report on Thursday, September 29th. They set an “equal weight” rating and a $32.00 target price on the stock. 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’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.40.
In related news, Director Stephen I. Chazen acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were bought at an average cost of $28.23 per share, with a total value of $141,150.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $141,150. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $1,176,000.00. Following the sale, the insider now directly owns 109,780 shares in the company, valued at $3,227,532. The disclosure for this sale can be found here. Corporate 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.