Soros Fund Management LLC reduced its holdings in shares of Williams Companies Inc (NYSE:WMB) by 81.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,482 shares of the pipeline company’s stock after selling 550,878 shares during the period. Soros Fund Management LLC’s holdings in Williams Companies were worth $3,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in WMB. BlackRock Inc. increased its position in Williams Companies by 13.4% during the 1st quarter. BlackRock Inc. now owns 87,783,397 shares of the pipeline company’s stock valued at $2,182,295,000 after buying an additional 10,354,857 shares in the last quarter. Franklin Resources Inc. increased its position in Williams Companies by 19.9% during the 1st quarter. Franklin Resources Inc. now owns 26,256,271 shares of the pipeline company’s stock valued at $652,731,000 after buying an additional 4,364,798 shares in the last quarter. Millennium Management LLC increased its position in Williams Companies by 5,129.6% during the 1st quarter. Millennium Management LLC now owns 4,391,858 shares of the pipeline company’s stock valued at $109,182,000 after buying an additional 4,307,878 shares in the last quarter. Hamlin Capital Management LLC acquired a new position in shares of Williams Companies in the second quarter valued at about $80,810,000. Finally, Canyon Capital Advisors LLC acquired a new position in shares of Williams Companies in the first quarter valued at about $70,055,000. 86.62% of the stock is currently owned by institutional investors.
In other news, VP Ted T. Timmermans sold 20,267 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total value of $648,544.00. Following the sale, the vice president now owns 9,955 shares in the company, valued at $318,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Frank J. Ferazzi sold 1,100 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $31.31, for a total value of $34,441.00. Following the completion of the sale, the senior vice president now owns 15,037 shares in the company, valued at approximately $470,808.47. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.
Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, August 1st. The pipeline company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Williams Companies had a return on equity of 3.82% and a net margin of 24.19%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the company earned $0.13 EPS. research analysts anticipate that Williams Companies Inc will post 0.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 24th. Stockholders of record on Friday, September 7th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.84%. Williams Companies’s payout ratio is 215.87%.
A number of research analysts have recently weighed in on WMB shares. Scotiabank raised Williams Companies from a “sector perform” rating to a “buy” rating in a report on Friday, May 18th. ValuEngine raised Williams Companies from a “strong sell” rating to a “sell” rating in a report on Saturday, June 2nd. US Capital Advisors reissued a “buy” rating on shares of Williams Companies in a report on Tuesday, July 17th. Zacks Investment Research lowered Williams Companies from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. Finally, Stifel Nicolaus started coverage on Williams Companies in a report on Tuesday, August 7th. They issued a “buy” rating and a $35.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $33.47.
Williams Companies Company Profile
The Williams Cos., Inc is an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through three segments: Williams Partners; and Others. The Williams Partners segment includes gas pipeline and domestic midstream businesses.
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