Sunriver Management LLC acquired a new position in shares of Williams Companies Inc (NYSE:WMB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 442,760 shares of the pipeline company’s stock, valued at approximately $13,500,000. Williams Companies comprises about 2.8% of Sunriver Management LLC’s investment portfolio, making the stock its 19th largest position. Sunriver Management LLC owned approximately 0.05% of Williams Companies as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Thrivent Financial For Lutherans grew its holdings in Williams Companies by 324.9% in the fourth quarter. Thrivent Financial For Lutherans now owns 144,158 shares of the pipeline company’s stock valued at $4,395,000 after purchasing an additional 110,230 shares during the period. Talara Capital Management LLC purchased a new stake in Williams Companies during the fourth quarter worth approximately $2,647,000. Pitcairn Co. purchased a new stake in Williams Companies during the fourth quarter worth approximately $238,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Williams Companies during the fourth quarter worth approximately $6,118,000. Finally, R.M.SINCERBEAUX Capital Management LLC grew its stake in Williams Companies by 4.5% during the fourth quarter. R.M.SINCERBEAUX Capital Management LLC now owns 193,600 shares of the pipeline company’s stock worth $5,903,000 after buying an additional 8,400 shares during the period. 86.53% of the stock is currently owned by institutional investors.
Shares of Williams Companies Inc (NYSE:WMB) traded up $0.12 during mid-day trading on Wednesday, reaching $28.14. The company had a trading volume of 9,613,552 shares, compared to its average volume of 6,288,059. The company has a market capitalization of $23,170.00, a PE ratio of 96.90 and a beta of 1.38. Williams Companies Inc has a 52-week low of $26.65 and a 52-week high of $33.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.78 and a current ratio of 0.82.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.20. Williams Companies had a return on equity of 3.38% and a net margin of 27.07%. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the business earned ($0.02) earnings per share. research analysts anticipate that Williams Companies Inc will post 0.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.83%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, March 8th. Williams Companies’s dividend payout ratio (DPR) is presently 468.97%.
WMB has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Royal Bank of Canada reissued a “buy” rating and set a $38.00 target price on shares of Williams Companies in a report on Tuesday, January 16th. JPMorgan Chase & Co. upgraded shares of Williams Companies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 9th. Jefferies Group restated a “buy” rating and set a $37.00 price target on shares of Williams Companies in a research report on Friday, January 12th. Finally, Credit Suisse Group started coverage on shares of Williams Companies in a research report on Thursday, January 4th. They issued an “outperform” rating and a $36.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $35.27.
In other Williams Companies news, insider James E. Scheel sold 26,915 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $33.00, for a total value of $888,195.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Ted T. Timmermans sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $28.28, for a total value of $56,560.00. Following the sale, the vice president now owns 17,945 shares in the company, valued at approximately $507,484.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,915 shares of company stock valued at $1,057,995. Corporate insiders own 0.50% of the company’s stock.
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Williams Companies Profile
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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