Cadence Capital Management LLC reduced its stake in shares of Williams Companies Inc (NYSE:WMB) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 853,507 shares of the pipeline company’s stock after selling 13,000 shares during the quarter. Williams Companies comprises 4.0% of Cadence Capital Management LLC’s portfolio, making the stock its 4th biggest position. Cadence Capital Management LLC owned 0.07% of Williams Companies worth $16,771,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Blackstone Group Inc bought a new stake in shares of Williams Companies during the 2nd quarter worth approximately $632,483,000. Capital Research Global Investors raised its stake in shares of Williams Companies by 555.2% during the 1st quarter. Capital Research Global Investors now owns 17,391,664 shares of the pipeline company’s stock worth $246,092,000 after purchasing an additional 14,737,274 shares in the last quarter. Brookfield Asset Management Inc. bought a new stake in shares of Williams Companies during the 2nd quarter worth approximately $205,877,000. Southeastern Asset Management Inc. TN raised its stake in shares of Williams Companies by 64.6% during the 1st quarter. Southeastern Asset Management Inc. TN now owns 13,541,405 shares of the pipeline company’s stock worth $191,611,000 after purchasing an additional 5,315,992 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Williams Companies by 8.1% during the 1st quarter. State Street Corp now owns 67,210,691 shares of the pipeline company’s stock worth $951,031,000 after purchasing an additional 5,032,092 shares in the last quarter. Institutional investors own 83.57% of the company’s stock.
A number of equities research analysts have recently issued reports on WMB shares. Royal Bank of Canada reiterated a “buy” rating on shares of Williams Companies in a research note on Tuesday, August 11th. Credit Suisse Group upped their price objective on Williams Companies from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Goldman Sachs Group cut Williams Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $21.00 in a research note on Wednesday. Citigroup increased their price target on Williams Companies from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $21.00 to $25.00 in a research note on Wednesday, July 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $23.27.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Williams Companies had a return on equity of 7.77% and a net margin of 1.86%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm posted $0.26 EPS. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. Research analysts predict that Williams Companies Inc will post 1.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Friday, September 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.30%. The ex-dividend date was Thursday, September 10th. Williams Companies’s dividend payout ratio (DPR) is currently 161.62%.
Williams Companies Profile
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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