Syntal Capital Partners LLC cut its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,511 shares of the pipeline company’s stock after selling 4,000 shares during the quarter. Syntal Capital Partners LLC’s holdings in The Williams Companies were worth $1,633,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Evercore Wealth Management LLC lifted its holdings in The Williams Companies by 16,558.9% in the first quarter. Evercore Wealth Management LLC now owns 2,218,296 shares of the pipeline company’s stock valued at $52,551,000 after buying an additional 2,204,980 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of The Williams Companies by 2.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 149,395 shares of the pipeline company’s stock valued at $3,539,000 after purchasing an additional 4,032 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of The Williams Companies by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,669,692 shares of the pipeline company’s stock valued at $158,006,000 after purchasing an additional 887,087 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of The Williams Companies during the 1st quarter valued at about $1,224,000. Finally, Panagora Asset Management Inc. grew its stake in The Williams Companies by 39.4% during the first quarter. Panagora Asset Management Inc. now owns 1,300,165 shares of the pipeline company’s stock worth $30,801,000 after purchasing an additional 367,715 shares during the period. 83.54% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on WMB. Wells Fargo & Company raised their price objective on shares of The Williams Companies from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, June 24th. Raymond James lifted their price target on shares of The Williams Companies from $28.00 to $30.00 and gave the company a “strong-buy” rating in a research note on Wednesday, July 21st. Finally, Zacks Investment Research cut shares of The Williams Companies from a “hold” rating to a “sell” rating and set a $26.00 price objective on the stock. in a research report on Tuesday, August 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $27.33.
The Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Sunday, August 1st. The pipeline company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.07 billion. The Williams Companies had a return on equity of 10.13% and a net margin of 12.94%. The business’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. As a group, equities analysts anticipate that The Williams Companies, Inc. will post 1.18 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 27th. Investors of record on Friday, September 10th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date is Thursday, September 9th. The Williams Companies’s payout ratio is currently 149.09%.
The Williams Companies announced that its board has initiated a stock buyback program on Wednesday, September 8th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the pipeline company to buy up to 5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
The Williams Companies Company Profile
The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico; Northeast G&P; and West. The Transmission and Gulf of Mexico segment comprises of interstate natural gas pipelines, Transco and Northwest Pipeline, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.
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