Dynamic Technology Lab Private Ltd Takes Position in Williams Companies Inc (WMB)

Dynamic Technology Lab Private Ltd purchased a new position in Williams Companies Inc (NYSE:WMB) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,000 shares of the pipeline company’s stock, valued at approximately $945,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Syntal Capital Partners LLC grew its position in Williams Companies by 7.9% in the first quarter. Syntal Capital Partners LLC now owns 25,306 shares of the pipeline company’s stock worth $629,000 after acquiring an additional 1,857 shares in the last quarter. IFM Investors Pty Ltd grew its position in Williams Companies by 10.4% in the first quarter. IFM Investors Pty Ltd now owns 25,516 shares of the pipeline company’s stock worth $634,000 after acquiring an additional 2,401 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Williams Companies by 3.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 85,229 shares of the pipeline company’s stock worth $2,598,000 after acquiring an additional 2,481 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Williams Companies by 1.8% in the first quarter. Thrivent Financial for Lutherans now owns 146,733 shares of the pipeline company’s stock worth $3,647,000 after acquiring an additional 2,575 shares in the last quarter. Finally, United Capital Financial Advisers LLC grew its position in Williams Companies by 3.4% in the first quarter. United Capital Financial Advisers LLC now owns 82,183 shares of the pipeline company’s stock worth $2,043,000 after acquiring an additional 2,735 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies opened at $27.17 on Wednesday, according to MarketBeat.com. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 1.34. Williams Companies Inc has a 12-month low of $24.00 and a 12-month high of $33.67. The stock has a market cap of $22.88 billion, a price-to-earnings ratio of 43.13 and a beta of 1.41.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, May 2nd. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). Williams Companies had a net margin of 24.02% and a return on equity of 3.61%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the company earned $0.14 earnings per share. sell-side analysts predict that Williams Companies Inc will post 0.83 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 25th. Shareholders of record on Friday, June 8th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, June 7th. This represents a $1.36 annualized dividend and a yield of 5.01%. Williams Companies’s payout ratio is 215.87%.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a research report on Friday, March 16th. Barclays cut their target price on shares of Williams Companies from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 17th. Scotiabank upgraded shares of Williams Companies from a “sector perform” rating to a “buy” rating in a research report on Friday, May 18th. ValuEngine upgraded shares of Williams Companies from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. Finally, Deutsche Bank assumed coverage on shares of Williams Companies in a research report on Thursday, April 19th. They issued a “buy” rating and a $29.00 target price for the company. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Williams Companies presently has a consensus rating of “Buy” and an average price target of $33.31.

In other news, Director Stephen I. Chazen bought 4,000 shares of the company’s stock in a transaction dated Friday, May 25th. The stock was bought at an average cost of $26.71 per share, for a total transaction of $106,840.00. Following the completion of the acquisition, the director now owns 29,610 shares in the company, valued at approximately $790,883.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ted T. Timmermans sold 12,392 shares of the stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $28.08, for a total transaction of $347,967.36. Following the sale, the vice president now owns 27,347 shares of the company’s stock, valued at $767,903.76. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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

Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply