State of Alaska Department of Revenue raised its position in The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,822 shares of the pipeline company’s stock after purchasing an additional 6,300 shares during the quarter. State of Alaska Department of Revenue’s holdings in Williams Companies were worth $5,892,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of WMB. Acadian Asset Management LLC bought a new position in shares of Williams Companies during the fourth quarter worth about $205,000. Hilltop Holdings Inc. raised its position in shares of Williams Companies by 23.0% during the fourth quarter. Hilltop Holdings Inc. now owns 15,152 shares of the pipeline company’s stock worth $395,000 after acquiring an additional 2,836 shares during the last quarter. Clark Capital Management Group Inc. raised its position in shares of Williams Companies by 7.6% during the fourth quarter. Clark Capital Management Group Inc. now owns 1,203,101 shares of the pipeline company’s stock worth $31,329,000 after acquiring an additional 84,749 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Williams Companies by 10.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 541,377 shares of the pipeline company’s stock worth $14,096,000 after acquiring an additional 52,535 shares during the last quarter. Finally, Mutual Advisors LLC raised its position in shares of Williams Companies by 0.9% during the fourth quarter. Mutual Advisors LLC now owns 101,666 shares of the pipeline company’s stock worth $2,647,000 after acquiring an additional 886 shares during the last quarter. 85.40% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Barclays raised their price objective on Williams Companies from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 16th. TD Securities raised their price objective on Williams Companies from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. The Goldman Sachs Group cut Williams Companies from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $35.00 to $30.00 in a research note on Wednesday, September 7th. US Capital Advisors reaffirmed a “hold” rating on shares of Williams Companies in a research note on Wednesday, June 1st. Finally, Raymond James raised their target price on Williams Companies from $40.00 to $42.00 and gave the stock 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Williams Companies currently has an average rating of “Moderate Buy” and an average target price of $35.86.
Williams Companies Trading Down 0.7 %
Williams Companies (NYSE:WMB – Get Rating) last released its quarterly earnings data on Monday, August 1st. The pipeline company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.04). The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.42 billion. Williams Companies had a net margin of 14.57% and a return on equity of 13.43%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. As a group, equities analysts expect that The Williams Companies, Inc. will post 1.48 earnings per share for the current fiscal year.
Williams Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Friday, September 9th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, September 8th. This represents a $1.70 annualized dividend and a yield of 5.34%. Williams Companies’s dividend payout ratio (DPR) is currently 132.81%.
Williams Companies Company Profile
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.
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