Glen Harbor Capital Management LLC Increases Position in Williams Companies Inc (NYSE:WMB)

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Glen Harbor Capital Management LLC boosted its stake in Williams Companies Inc (NYSE:WMB) by 22.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,176 shares of the pipeline company’s stock after purchasing an additional 3,360 shares during the period. Glen Harbor Capital Management LLC’s holdings in Williams Companies were worth $493,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Tredje AP fonden raised its position in shares of Williams Companies by 97.9% during the 2nd quarter. Tredje AP fonden now owns 307,565 shares of the pipeline company’s stock valued at $8,338,000 after buying an additional 152,119 shares in the last quarter. Linscomb & Williams Inc. bought a new position in Williams Companies during the 2nd quarter valued at about $3,708,000. Swiss National Bank grew its stake in Williams Companies by 3.1% in the 2nd quarter. Swiss National Bank now owns 2,735,241 shares of the pipeline company’s stock worth $74,152,000 after acquiring an additional 82,700 shares in the last quarter. Capital Advisors Inc. OK grew its stake in Williams Companies by 4.3% in the 2nd quarter. Capital Advisors Inc. OK now owns 532,893 shares of the pipeline company’s stock worth $14,447,000 after acquiring an additional 21,897 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its stake in Williams Companies by 11.0% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 343,293 shares of the pipeline company’s stock worth $9,307,000 after acquiring an additional 33,896 shares in the last quarter. 86.55% of the stock is owned by hedge funds and other institutional investors.

WMB stock opened at $27.69 on Tuesday. The firm has a market cap of $22.51 billion, a P/E ratio of 43.95, a PEG ratio of 4.61 and a beta of 1.53. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.38. Williams Companies Inc has a one year low of $24.00 and a one year high of $33.67.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, August 1st. The pipeline company reported $0.17 EPS 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 firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the business posted $0.13 EPS. Research analysts predict that Williams Companies Inc will post 0.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 24th. Stockholders of record on Friday, September 7th were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.36 annualized dividend and a dividend yield of 4.91%. Williams Companies’s dividend payout ratio (DPR) is 215.87%.

In other news, SVP Frank J. Ferazzi sold 1,100 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $31.31, for a total value of $34,441.00. Following the transaction, the senior vice president now directly owns 15,037 shares of the company’s stock, valued at $470,808.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ted T. Timmermans sold 20,267 shares of Williams Companies stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total transaction of $648,544.00. Following the transaction, the vice president now directly owns 9,955 shares in the company, valued at $318,560. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

A number of equities analysts have commented on WMB shares. Bank of America restated a “buy” rating on shares of Williams Companies in a research note on Tuesday, August 21st. UBS Group upped their price target on shares of Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Stifel Nicolaus assumed coverage on shares of Williams Companies in a research report on Tuesday, August 7th. They issued a “buy” rating and a $35.00 price target for the company. US Capital Advisors reaffirmed a “buy” rating on shares of Williams Companies in a research report on Tuesday, July 17th. Finally, ValuEngine raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Williams Companies presently has a consensus rating of “Buy” and an average price target of $33.43.

Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

See Also: Fundamental Analysis and Individual Investors

Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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