Gilman Hill Asset Management LLC lifted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 52.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 129,799 shares of the pipeline company’s stock after buying an additional 44,765 shares during the period. Gilman Hill Asset Management LLC’s holdings in Williams Companies were worth $4,051,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in WMB. Norges Bank purchased a new position in Williams Companies during the 4th quarter worth approximately $243,127,000. BlackRock Inc. grew its stake in shares of Williams Companies by 8.0% in the 4th quarter. BlackRock Inc. now owns 108,224,766 shares of the pipeline company’s stock valued at $2,818,173,000 after purchasing an additional 8,047,294 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Williams Companies by 85.8% in the 1st quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock valued at $546,327,000 after purchasing an additional 7,551,749 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Williams Companies by 6.3% in the first quarter. Vanguard Group Inc. now owns 122,908,600 shares of the pipeline company’s stock valued at $4,106,376,000 after buying an additional 7,243,812 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Williams Companies by 17.1% in the first quarter. Bank of America Corp DE now owns 35,897,960 shares of the pipeline company’s stock valued at $1,199,352,000 after buying an additional 5,244,814 shares in the last quarter. Institutional investors and hedge funds own 85.40% of the company’s stock.
Williams Companies Price Performance
Shares of Williams Companies stock traded down $1.89 during midday trading on Friday, reaching $29.27. The company had a trading volume of 135,074 shares, compared to its average volume of 7,064,272. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $35.67 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 6.07 and a beta of 1.17. The stock has a fifty day simple moving average of $33.34 and a 200 day simple moving average of $33.58. The Williams Companies, Inc. has a 1-year low of $24.86 and a 1-year high of $37.97.
Williams Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Friday, September 9th will be issued a $0.425 dividend. The ex-dividend date is Thursday, September 8th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 5.81%. Williams Companies’s payout ratio is 132.81%.
Analyst Upgrades and Downgrades
WMB has been the subject of several research reports. Wells Fargo & Company lifted their price objective on Williams Companies from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, August 3rd. Mizuho lifted their price objective on Williams Companies from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Raymond James lifted their price objective on Williams Companies from $40.00 to $42.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 3rd. The Goldman Sachs Group downgraded Williams Companies from a “neutral” rating to a “sell” rating and lowered their price target for the company from $35.00 to $30.00 in a research report on Wednesday, September 7th. Finally, Barclays boosted their price target on Williams Companies from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.86.
About Williams Companies
The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.
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