Laffer Investments Has $1.70 Million Stake in Williams Companies Inc (WMB)
Laffer Investments lessened its stake in shares of Williams Companies Inc (NYSE:WMB) by 6.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,784 shares of the pipeline company’s stock after selling 3,960 shares during the period. Laffer Investments’ holdings in Williams Companies were worth $1,704,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of WMB. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Williams Companies during the 3rd quarter worth $105,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Williams Companies by 78.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock worth $137,000 after purchasing an additional 1,997 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Williams Companies by 19.9% during the 2nd quarter. Parallel Advisors LLC now owns 5,571 shares of the pipeline company’s stock worth $177,000 after purchasing an additional 925 shares during the last quarter. Sun Life Financial INC increased its position in shares of Williams Companies by 46,384.6% during the 2nd quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock worth $183,000 after purchasing an additional 6,030 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in shares of Williams Companies during the 2nd quarter worth about $194,000. Institutional investors and hedge funds own 84.84% of the company’s stock.
A number of analysts recently issued reports on WMB shares. Royal Bank of Canada reissued a “buy” rating and set a $36.00 price objective on shares of Williams Companies in a research report on Monday, October 16th. BidaskClub raised Williams Companies from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Wolfe Research started coverage on Williams Companies in a research report on Monday, September 25th. They set an “outperform” rating and a $34.00 price objective for the company. Finally, Morgan Stanley cut their price objective on Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday, November 17th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Williams Companies presently has an average rating of “Buy” and an average target price of $33.83.
Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.79 billion. Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. sell-side analysts anticipate that Williams Companies Inc will post 0.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 8th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.04%. The ex-dividend date is Thursday, December 7th. Williams Companies’s dividend payout ratio is currently 210.53%.
In other Williams Companies news, insider Donald R. Chappel sold 272,088 shares of Williams Companies stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $30.32, for a total value of $8,249,708.16. Following the completion of the transaction, the insider now directly owns 60,032 shares of the company’s stock, valued at approximately $1,820,170.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Alan S. Armstrong bought 6,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of $27.23 per share, with a total value of $163,380.00. Following the completion of the transaction, the chief executive officer now owns 345,527 shares in the company, valued at $9,408,700.21. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 283,501 shares of company stock valued at $8,590,124. 0.53% of the stock is currently owned by corporate insiders.
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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