Sentry Investment Management LLC boosted its stake in Williams Cos. (NYSE:WMB) by 7.2% during the third quarter, Holdings Channel reports. The firm owned 54,510 shares of the company’s stock after buying an additional 3,669 shares during the period. Sentry Investment Management LLC’s holdings in Williams Cos. were worth $1,675,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. FMR LLC raised its stake 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 valued at $1,353,678,000 after buying an additional 18,424,792 shares during the period. Chickasaw Capital Management LLC raised its stake in shares of Williams Cos. by 76.5% in the third quarter. Chickasaw Capital Management LLC now owns 11,905,077 shares of the company’s stock valued at $365,843,000 after buying an additional 5,159,092 shares during the period. Senator Investment Group LP purchased a new stake in shares of Williams Cos. during the second quarter valued at $102,742,000. Adage Capital Partners GP L.L.C. raised its stake in shares of Williams Cos. by 356.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 4,684,932 shares of the company’s stock valued at $101,335,000 after buying an additional 3,658,600 shares during the period. Finally, Tortoise Capital Advisors L.L.C. raised its stake in shares of 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 valued at $313,836,000 after buying an additional 2,965,439 shares during the period. 84.96% of the stock is owned by institutional investors.
Williams Cos. (NYSE:WMB) traded down 1.93% during mid-day trading on Monday, reaching $29.51. The company had a trading volume of 1,456,196 shares. Williams Cos. has a 1-year low of $10.22 and a 1-year high of $36.97. The company’s market capitalization is $22.16 billion. The firm has a 50-day moving average of $29.80 and a 200 day moving average of $26.15.
Williams Cos. (NYSE:WMB) last issued its quarterly earnings results on Monday, October 31st. The company reported $0.20 EPS 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 period in the previous year, the business earned $0.22 earnings per share. On average, analysts predict that Williams Cos. will post $0.62 earnings per share for the current fiscal year.
The business also recently declared 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. 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 payout ratio is -53.69%.
WMB has been the subject of several recent research reports. Argus lifted their price objective on Williams Cos. from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, August 22nd. Zacks Investment Research raised Williams Cos. from a “sell” rating to a “hold” rating and set a $33.00 price objective for the company in a report on Monday, October 17th. Stephens initiated coverage on Williams Cos. in a report on Thursday, September 29th. They issued an “equal weight” rating and a $32.00 price objective for the company. Raymond James Financial Inc. raised Williams Cos. from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 3rd. Finally, Royal Bank Of Canada initiated coverage on Williams Cos. in a report on Monday, September 26th. They set an “outperform” rating and a $39.00 target price for the company. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Williams Cos. has an average rating of “Buy” and a consensus price target of $30.40.
In other Williams Cos. news, Director Stephen I. Chazen bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was purchased at an average price of $28.23 per share, for a total transaction of $141,150.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $141,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rory Lee Miller sold 40,000 shares of the stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $29.40, for a total value of $1,176,000.00. Following the sale, the insider now owns 109,780 shares of the company’s stock, 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.