Gabelli Funds LLC Raises Holdings in The Williams Companies, Inc. (NYSE:WMB)

Gabelli Funds LLC grew its holdings in The Williams Companies, Inc. (NYSE:WMBFree Report) by 6.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 227,600 shares of the pipeline company’s stock after acquiring an additional 12,800 shares during the period. Gabelli Funds LLC’s holdings in Williams Companies were worth $7,927,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Public Employees Retirement Association of Colorado lifted its holdings in Williams Companies by 1,086.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 183,516 shares of the pipeline company’s stock worth $6,392,000 after buying an additional 168,042 shares during the period. Bollard Group LLC lifted its holdings in Williams Companies by 1.3% in the 4th quarter. Bollard Group LLC now owns 29,296 shares of the pipeline company’s stock worth $1,020,000 after buying an additional 367 shares during the period. Annex Advisory Services LLC lifted its holdings in Williams Companies by 12.1% in the 4th quarter. Annex Advisory Services LLC now owns 94,086 shares of the pipeline company’s stock worth $3,277,000 after buying an additional 10,132 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Williams Companies by 82.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 181,789 shares of the pipeline company’s stock worth $6,332,000 after buying an additional 81,971 shares during the period. Finally, Eisler Capital UK Ltd. purchased a new stake in Williams Companies in the 4th quarter worth approximately $1,115,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WMB shares. Stifel Nicolaus increased their price objective on Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. CIBC raised their target price on Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $46.00 in a research note on Tuesday. Wolfe Research restated an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a research note on Thursday, April 18th. Finally, UBS Group raised their target price on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.45.

Get Our Latest Report on Williams Companies

Insiders Place Their Bets

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the sale, the senior vice president now owns 60,410 shares of the company’s stock, valued at approximately $2,392,840.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 0.4 %

WMB stock opened at $41.42 on Friday. The Williams Companies, Inc. has a twelve month low of $30.10 and a twelve month high of $41.89. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The firm has a market cap of $50.48 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 6.55 and a beta of 1.05. The business has a 50 day moving average of $39.56 and a 200 day moving average of $36.91.

Williams Companies (NYSE:WMBGet Free Report) last posted its earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS. On average, research analysts forecast that The Williams Companies, Inc. will post 1.85 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Friday, June 7th. Williams Companies’s payout ratio is 79.83%.

About Williams Companies

(Free Report)

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.

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

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