PineBridge Investments L.P. decreased its position in Williams Cos. (NYSE:WMB) by 63.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,010 shares of the company’s stock after selling 12,421 shares during the period. PineBridge Investments L.P.’s holdings in Williams Cos. were worth $152,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Advisor Partners LLC increased its position in Williams Cos. by 80.1% in the first quarter. Advisor Partners LLC now owns 16,342 shares of the company’s stock valued at $263,000 after buying an additional 7,269 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Williams Cos. during the first quarter valued at about $594,000. Howard Hughes Medical Institute increased its position in Williams Cos. by 1,484.3% in the first quarter. Howard Hughes Medical Institute now owns 12,991 shares of the company’s stock valued at $209,000 after buying an additional 12,171 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Williams Cos. by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 18,245,245 shares of the company’s stock valued at $293,201,000 after buying an additional 285,443 shares in the last quarter. Finally, BlackRock Group LTD increased its position in Williams Cos. by 63.6% in the first quarter. BlackRock Group LTD now owns 10,064,808 shares of the company’s stock valued at $161,742,000 after buying an additional 3,913,093 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.
Williams Cos. (NYSE:WMB) opened at 30.73 on Friday. The stock’s 50 day moving average is $29.04 and its 200-day moving average is $22.73. Williams Cos. has a 52 week low of $10.22 and a 52 week high of $44.51. The stock’s market capitalization is $23.07 billion.
Williams Cos. (NYSE:WMB) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. Williams Cos. had a negative net margin of 16.82% and a positive return on equity of 2.14%. During the same quarter in the prior year, the company posted $0.15 EPS. Equities research analysts forecast that Williams Cos. will post $0.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Friday, September 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Wednesday, September 7th. Williams Cos.’s dividend payout ratio is presently -49.38%.
WMB has been the subject of several research analyst reports. Vetr downgraded shares of Williams Cos. from a “hold” rating to a “sell” rating and set a $22.19 price objective for the company. in a research note on Monday, June 6th. Jefferies Group reiterated a “buy” rating and set a $27.00 target price (down previously from $30.00) on shares of Williams Cos. in a research note on Wednesday, June 8th. TheStreet upgraded shares of Williams Cos. from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $25.00 target price on shares of Williams Cos. in a research note on Wednesday, July 13th. Finally, Morgan Stanley initiated coverage on shares of Williams Cos. in a research note on Wednesday, July 13th. They set an “equal weight” rating and a $24.00 target price for the company. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.42.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $26.23, for a total transaction of $52,460.00. Following the completion of the transaction, the vice president now directly owns 13,803 shares of the company’s stock, valued at approximately $362,052.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.87% of the company’s stock.
About Williams Cos.
The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.
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