Glen Harbor Capital Management LLC increased its position in Williams Companies Inc (NYSE:WMB) by 22.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,176 shares of the pipeline company’s stock after purchasing an additional 3,360 shares during the quarter. Glen Harbor Capital Management LLC’s holdings in Williams Companies were worth $493,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Williams Companies by 13.4% during the first quarter. BlackRock Inc. now owns 87,783,397 shares of the pipeline company’s stock worth $2,182,295,000 after buying an additional 10,354,857 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Williams Companies by 19.9% during the first quarter. Franklin Resources Inc. now owns 26,256,271 shares of the pipeline company’s stock worth $652,731,000 after buying an additional 4,364,798 shares during the last quarter. Millennium Management LLC boosted its holdings in Williams Companies by 5,129.6% during the first quarter. Millennium Management LLC now owns 4,391,858 shares of the pipeline company’s stock worth $109,182,000 after buying an additional 4,307,878 shares during the last quarter. Hamlin Capital Management LLC bought a new position in Williams Companies during the second quarter worth about $80,810,000. Finally, Canyon Capital Advisors LLC bought a new position in Williams Companies during the first quarter worth about $70,055,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.
In other news, SVP Frank J. Ferazzi sold 1,100 shares of Williams Companies stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $31.31, for a total transaction of $34,441.00. Following the transaction, the senior vice president now owns 15,037 shares in the company, valued at approximately $470,808.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ted T. Timmermans sold 20,267 shares of Williams Companies stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $32.00, for a total value of $648,544.00. Following the transaction, the vice president now owns 9,955 shares in the company, valued at approximately $318,560. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). Williams Companies had a net margin of 24.19% and a return on equity of 3.82%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the firm earned $0.13 EPS. equities analysts expect that Williams Companies Inc will post 0.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 24th. Stockholders of record on Friday, September 7th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, September 6th. Williams Companies’s dividend payout ratio (DPR) is presently 215.87%.
A number of brokerages have issued reports on WMB. Wells Fargo & Co reduced their target price on Williams Companies from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday. US Capital Advisors cut Williams Companies from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Friday, August 24th. Bank of America restated a “buy” rating on shares of Williams Companies in a report on Tuesday, August 21st. Morgan Stanley set a $35.00 target price on Williams Companies and gave the stock an “overweight” rating in a report on Thursday, August 16th. Finally, UBS Group raised their target price on Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.47.
Williams Companies Company Profile
The Williams Cos., Inc is an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through three segments: Williams Partners; and Others. The Williams Partners segment includes gas pipeline and domestic midstream businesses.
Featured Story: Trading Strategy
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies Inc (NYSE:WMB).
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.