Advisory Services Network LLC Increases Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Advisory Services Network LLC lifted its stake in shares of The Williams Companies, Inc. (NYSE:WMBGet Rating) by 14.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,954 shares of the pipeline company’s stock after buying an additional 8,067 shares during the period. Advisory Services Network LLC’s holdings in Williams Companies were worth $2,138,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WMB. AdvisorNet Financial Inc raised its position in shares of Williams Companies by 11.1% in the 1st quarter. AdvisorNet Financial Inc now owns 3,030 shares of the pipeline company’s stock worth $101,000 after acquiring an additional 302 shares in the last quarter. Greenleaf Trust increased its position in Williams Companies by 2.6% during the 1st quarter. Greenleaf Trust now owns 12,319 shares of the pipeline company’s stock valued at $412,000 after buying an additional 315 shares in the last quarter. Bollard Group LLC increased its position in Williams Companies by 1.3% during the 1st quarter. Bollard Group LLC now owns 26,436 shares of the pipeline company’s stock valued at $883,000 after buying an additional 333 shares in the last quarter. Benjamin Edwards Inc. increased its position in Williams Companies by 2.1% during the 1st quarter. Benjamin Edwards Inc. now owns 16,387 shares of the pipeline company’s stock valued at $548,000 after buying an additional 343 shares in the last quarter. Finally, American National Bank increased its position in Williams Companies by 63.6% during the 1st quarter. American National Bank now owns 908 shares of the pipeline company’s stock valued at $30,000 after buying an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 85.40% of the company’s stock.

Williams Companies Price Performance

NYSE WMB opened at $31.69 on Friday. The company has a market capitalization of $38.62 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 6.33 and a beta of 1.17. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.59 and a current ratio of 0.65. The business’s fifty day moving average is $33.31 and its 200 day moving average is $33.62. The Williams Companies, Inc. has a fifty-two week low of $24.62 and a fifty-two week high of $37.97.

Williams Companies (NYSE:WMBGet Rating) last released its earnings results on Monday, August 1st. The pipeline company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.04). The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Williams Companies had a net margin of 14.57% and a return on equity of 13.43%. Williams Companies’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Sell-side analysts predict that The Williams Companies, Inc. will post 1.48 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.70 dividend on an annualized basis and a yield of 5.36%. Williams Companies’s dividend payout ratio is presently 132.81%.

Analyst Upgrades and Downgrades

Several brokerages have commented on WMB. US Capital Advisors reiterated a “hold” rating on shares of Williams Companies in a research note on Wednesday, June 1st. The Goldman Sachs Group downgraded Williams Companies from a “neutral” rating to a “sell” rating and cut their target price for the company from $35.00 to $30.00 in a research note on Wednesday, September 7th. TD Securities increased their target price on Williams Companies from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Barclays increased their target price on Williams Companies from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, August 16th. Finally, Raymond James increased their target price on Williams Companies from $40.00 to $42.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.86.

Williams Companies Company Profile

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The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

See Also

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

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