Toth Financial Advisory Corp lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB – Free Report) by 50.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,236 shares of the pipeline company’s stock after selling 1,265 shares during the quarter. Toth Financial Advisory Corp’s holdings in Williams Companies were worth $67,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of WMB. Wellington Management Group LLP boosted its stake in Williams Companies by 19.0% in the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after purchasing an additional 5,697,605 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Williams Companies by 3,490.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock worth $86,605,000 after buying an additional 1,555,667 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Williams Companies by 224.1% in the third quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock valued at $60,909,000 after acquiring an additional 922,550 shares during the period. Castle Hook Partners LP grew its stake in shares of Williams Companies by 31.7% in the third quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock valued at $136,461,000 after acquiring an additional 718,915 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Williams Companies by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after purchasing an additional 520,663 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.
Insider Buying and Selling
In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the transaction, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.44% of the stock is owned by insiders.
Williams Companies Stock Up 0.3 %
Williams Companies (NYSE:WMB – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Williams Companies’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, research analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.
Williams Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.19%. Williams Companies’s dividend payout ratio (DPR) is 80.17%.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. CIBC increased their target price on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. UBS Group raised their price objective on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Mizuho lifted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Bank of America assumed coverage on Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. Finally, Barclays boosted their price target on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $53.00.
View Our Latest Stock Analysis on Williams Companies
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 natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.
Featured Stories
- Five stocks we like better than Williams Companies
- 3 Healthcare Dividend Stocks to Buy
- Bloom Energy: Powering the Future With Decentralized Energy
- Where Do I Find 52-Week Highs and Lows?
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- How to Read Stock Charts for Beginners
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Williams Companies, Inc. (NYSE:WMB – Free Report).
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.