Markston International LLC continued to hold its stake in shares of Williams Cos. (NYSE:WMB) during the second quarter, Holdings Channel reports. The firm owned 107,840 shares of the company’s stock at the end of the second quarter. Markston International LLC’s holdings in Williams Cos. were worth $2,333,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services Inc increased its stake in Williams Cos. by 27.1% in the first quarter. Commonwealth Equity Services Inc now owns 167,228 shares of the company’s stock valued at $2,687,000 after buying an additional 35,605 shares in the last quarter. Aperio Group LLC increased its stake in Williams Cos. by 71.3% in the first quarter. Aperio Group LLC now owns 240,278 shares of the company’s stock valued at $3,861,000 after buying an additional 100,051 shares in the last quarter. Nisa Investment Advisors L.L.C. increased its stake in Williams Cos. by 0.7% in the first quarter. Nisa Investment Advisors L.L.C. now owns 190,978 shares of the company’s stock valued at $3,069,000 after buying an additional 1,239 shares in the last quarter. Virginia Retirement System bought a new stake in Williams Cos. during the first quarter valued at $674,000. Finally, Icon Advisers Inc. Co. bought a new stake in Williams Cos. during the first quarter valued at $6,256,000. 83.66% of the stock is owned by institutional investors and hedge funds.
Shares of Williams Cos. (NYSE:WMB) traded down 1.97% during midday trading on Thursday, hitting $30.39. 10,114,821 shares of the stock were exchanged. The company’s market cap is $22.81 billion. The stock has a 50 day moving average price of $28.77 and a 200-day moving average price of $22.57. Williams Cos. has a 12 month low of $10.22 and a 12 month high of $44.51.
Williams Cos. (NYSE:WMB) last released its earnings results on Monday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. Williams Cos. had a positive return on equity of 2.14% and a negative net margin of 16.82%. During the same quarter last year, the business earned $0.15 EPS. On average, analysts predict that Williams Cos. will post $0.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.63%. Williams Cos.’s dividend payout ratio (DPR) is presently -49.38%.
WMB has been the subject of several research analyst reports. Evercore Partners Inc. lifted their price target on shares of Williams Cos. from $24.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Stephens initiated coverage on shares of Williams Cos. in a research note on Thursday. They set an “equal weight” rating for the company. TheStreet raised shares of Williams Cos. from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Jefferies Group lifted their price target on shares of Williams Cos. from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, July 25th. Finally, Citigroup Inc. decreased their price target on shares of Williams Cos. from $55.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $30.33.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $26.23, for a total transaction of $52,460.00. Following the sale, the vice president now directly owns 13,803 shares in the company, valued at approximately $362,052.69. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company 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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