Cohen Capital Management Inc. Buys 3,150 Shares of Williams Cos. (WMB)
Cohen Capital Management Inc. increased its position in Williams Cos. (NYSE:WMB) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,650 shares of the company’s stock after buying an additional 3,150 shares during the period. Cohen Capital Management Inc.’s holdings in Williams Cos. were worth $2,233,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Williams Cos. by 2.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,998,319 shares of the company’s stock worth $43,224,000 after buying an additional 45,184 shares during the period. Beck Mack & Oliver LLC increased its stake in shares of Williams Cos. by 3.2% in the second quarter. Beck Mack & Oliver LLC now owns 553,005 shares of the company’s stock worth $11,961,000 after buying an additional 16,900 shares during the period. BB&T Securities LLC increased its stake in shares of Williams Cos. by 68.9% in the second quarter. BB&T Securities LLC now owns 88,007 shares of the company’s stock worth $1,903,000 after buying an additional 35,895 shares during the period. Diversified Trust Co increased its stake in shares of Williams Cos. by 88.4% in the second quarter. Diversified Trust Co now owns 38,013 shares of the company’s stock worth $822,000 after buying an additional 17,837 shares during the period. Finally, AGF Investments Inc. increased its stake in shares of Williams Cos. by 15.4% in the second quarter. AGF Investments Inc. now owns 1,068,142 shares of the company’s stock worth $23,099,000 after buying an additional 142,517 shares during the period. 84.96% of the stock is owned by institutional investors and hedge funds.
Shares of Williams Cos. (NYSE:WMB) traded down 2.82% during trading on Monday, hitting $29.24. The stock had a trading volume of 6,203,453 shares. The firm’s market cap is $21.95 billion. The stock has a 50-day moving average of $29.77 and a 200 day moving average of $26.32. Williams Cos. has a 12-month low of $10.22 and a 12-month high of $36.97.
Williams Cos. (NYSE:WMB) last released its earnings results on Monday, October 31st. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.04. Williams Cos. had a positive return on equity of 2.16% and a negative net margin of 15.19%. During the same period last year, the company earned $0.22 earnings per share. On average, analysts predict that Williams Cos. will post $0.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 27th. Investors of record on Friday, December 9th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $0.80 annualized dividend and a yield of 2.66%. Williams Cos.’s payout ratio is currently -53.69%.
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A number of analysts have issued reports on WMB shares. Zacks Investment Research downgraded Williams Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Argus reissued a “buy” rating and set a $36.00 price objective (up from $31.00) on shares of Williams Cos. in a research report on Wednesday, October 5th. RBC Capital Markets began coverage on Williams Cos. in a research report on Monday, September 26th. They set an “outperform” rating and a $39.00 price objective for the company. Jefferies Group reissued a “buy” rating and set a $35.00 price objective on shares of Williams Cos. in a research report on Sunday, October 16th. Finally, Stephens began coverage on Williams Cos. in a research report on Thursday, September 29th. They set an “equal weight” rating and a $32.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Williams Cos. presently has an average rating of “Buy” and an average target price of $30.40.
In other Williams Cos. news, Director Stephen I. Chazen bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was purchased at an average cost of $28.23 per share, for a total transaction of $141,150.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $141,150. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rory Lee Miller sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $29.40, for a total value of $1,176,000.00. Following the completion of the transaction, the insider now owns 109,780 shares of the company’s stock, valued at $3,227,532. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.
Williams Cos. Company Profile
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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