Nordea Investment Management AB increased its stake in shares of Williams Companies Inc (NYSE:WMB) by 72.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,227 shares of the pipeline company’s stock after buying an additional 51,239 shares during the period. Nordea Investment Management AB’s holdings in Williams Companies were worth $3,509,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Claybrook Capital LLC bought a new stake in Williams Companies during the fourth quarter valued at approximately $26,000. JOYN Advisors Inc. lifted its holdings in shares of Williams Companies by 57.9% in the 4th quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 463 shares during the last quarter. Oakworth Capital Inc. lifted its holdings in shares of Williams Companies by 381.7% in the 4th quarter. Oakworth Capital Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 1,000 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in shares of Williams Companies in the 4th quarter worth approximately $29,000. Finally, Legacy Advisors LLC bought a new stake in shares of Williams Companies in the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 87.97% of the company’s stock.
A number of research firms recently commented on WMB. Barclays set a €81.00 ($94.19) price target on shares of Fresenius Medical Care AG & Co. KGaA and gave the company a “buy” rating in a report on Thursday. Raymond James began coverage on shares of Planet Fitness in a research report on Wednesday, June 26th. They set an “outperform” rating and a $80.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $32.38.
WMB traded down $0.16 during midday trading on Thursday, hitting $27.56. 6,281,300 shares of the company traded hands, compared to its average volume of 7,075,236. The company has a quick ratio of 0.28, a current ratio of 0.31 and a debt-to-equity ratio of 1.32. The firm has a market cap of $34.17 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 4.52 and a beta of 1.56. The firm has a 50-day moving average of $27.71. Williams Companies Inc has a 52 week low of $20.36 and a 52 week high of $32.22.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). Williams Companies had a positive return on equity of 5.56% and a negative net margin of 1.29%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the company earned $0.19 EPS. Williams Companies’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts expect that Williams Companies Inc will post 0.96 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend was Thursday, June 6th. Williams Companies’s dividend payout ratio is 192.41%.
Williams Companies Company Profile
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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