Syntal Capital Partners LLC cut its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 6.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,511 shares of the pipeline company’s stock after selling 4,000 shares during the quarter. Syntal Capital Partners LLC’s holdings in The Williams Companies were worth $1,633,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Evercore Wealth Management LLC grew its stake in shares of The Williams Companies by 16,558.9% during the 1st quarter. Evercore Wealth Management LLC now owns 2,218,296 shares of the pipeline company’s stock worth $52,551,000 after acquiring an additional 2,204,980 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in The Williams Companies by 2.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 149,395 shares of the pipeline company’s stock valued at $3,539,000 after purchasing an additional 4,032 shares in the last quarter. Dimensional Fund Advisors LP grew its position in The Williams Companies by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,669,692 shares of the pipeline company’s stock valued at $158,006,000 after purchasing an additional 887,087 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in The Williams Companies in the 1st quarter valued at $1,224,000. Finally, Panagora Asset Management Inc. lifted its position in The Williams Companies by 39.4% during the 1st quarter. Panagora Asset Management Inc. now owns 1,300,165 shares of the pipeline company’s stock worth $30,801,000 after buying an additional 367,715 shares in the last quarter. 83.54% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on the company. Raymond James upped their target price on The Williams Companies from $28.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 21st. Wells Fargo & Company increased their price objective on The Williams Companies from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, June 24th. Finally, Zacks Investment Research cut shares of The Williams Companies from a “hold” rating to a “sell” rating and set a $26.00 target price for the company. in a research note on Tuesday, August 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $27.33.
The Williams Companies (NYSE:WMB) last released its quarterly earnings data on Sunday, August 1st. The pipeline company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.07 billion. The Williams Companies had a net margin of 12.94% and a return on equity of 10.13%. The Williams Companies’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Equities analysts anticipate that The Williams Companies, Inc. will post 1.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 27th. Shareholders of record on Friday, September 10th will be issued a $0.41 dividend. The ex-dividend date is Thursday, September 9th. This represents a $1.64 annualized dividend and a yield of 6.35%. The Williams Companies’s dividend payout ratio is currently 149.09%.
The Williams Companies announced that its board has authorized a stock buyback program on Wednesday, September 8th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the pipeline company to purchase up to 5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
The Williams Companies Company Profile
The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico; Northeast G&P; and West. The Transmission and Gulf of Mexico segment comprises of interstate natural gas pipelines, Transco and Northwest Pipeline, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.
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