Commonwealth Equity Services LLC Has $1.99 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Commonwealth Equity Services LLC grew its holdings in The Williams Companies, Inc. (NYSE:WMB) by 18.0% during the third quarter, Holdings Channel reports. The firm owned 101,236 shares of the pipeline company’s stock after acquiring an additional 15,414 shares during the quarter. Commonwealth Equity Services LLC’s holdings in The Williams Companies were worth $1,989,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WMB. FDx Advisors Inc. increased its position in The Williams Companies by 3.4% in the 2nd quarter. FDx Advisors Inc. now owns 31,069 shares of the pipeline company’s stock valued at $591,000 after buying an additional 1,021 shares in the last quarter. First Trust Advisors LP increased its position in The Williams Companies by 643.9% in the 2nd quarter. First Trust Advisors LP now owns 632,593 shares of the pipeline company’s stock valued at $12,032,000 after buying an additional 547,551 shares in the last quarter. Janney Montgomery Scott LLC increased its position in The Williams Companies by 11.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 517,513 shares of the pipeline company’s stock valued at $9,843,000 after buying an additional 53,275 shares in the last quarter. Gulf International Bank UK Ltd increased its position in The Williams Companies by 0.6% in the 2nd quarter. Gulf International Bank UK Ltd now owns 284,169 shares of the pipeline company’s stock valued at $5,404,000 after buying an additional 1,800 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. increased its position in The Williams Companies by 73.0% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 952,497 shares of the pipeline company’s stock valued at $18,116,000 after buying an additional 401,948 shares in the last quarter. 83.57% of the stock is currently owned by institutional investors.

WMB stock opened at $20.34 on Friday. The firm has a market cap of $24.68 billion, a PE ratio of 184.93, a P/E/G ratio of 3.71 and a beta of 1.72. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The business has a 50 day moving average of $19.44 and a 200-day moving average of $19.85. The Williams Companies, Inc. has a 12-month low of $8.41 and a 12-month high of $24.17.

The Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Saturday, November 7th. The pipeline company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The Williams Companies had a return on equity of 7.77% and a net margin of 1.86%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The Williams Companies’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, research analysts expect that The Williams Companies, Inc. will post 1.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 28th. Investors of record on Friday, December 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $1.60 annualized dividend and a yield of 7.87%. The Williams Companies’s payout ratio is 161.62%.

A number of analysts recently commented on the company. Citigroup boosted their target price on The Williams Companies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. ValuEngine lowered The Williams Companies from a “hold” rating to a “sell” rating in a report on Thursday, October 1st. The Goldman Sachs Group lowered The Williams Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $21.00 in a report on Wednesday, October 14th. Credit Suisse Group boosted their price objective on The Williams Companies from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of The Williams Companies in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $23.50.

About The Williams Companies

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Atlantic-Gulf, Northeast G&P, and West segments. The Atlantic-Gulf segment comprises Transco, an interstate natural gas pipeline; and natural gas gathering and processing, and crude oil production handling and transportation assets.

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Institutional Ownership by Quarter for The Williams Companies (NYSE:WMB)

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