Intrust Bank NA bought a new position in Williams Companies Inc (NYSE:WMB) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,336 shares of the pipeline company’s stock, valued at approximately $268,000.
Other hedge funds have also recently modified their holdings of the company. Legacy Advisors LLC bought a new position in shares of Williams Companies during the first quarter valued at approximately $29,000. Trustcore Financial Services LLC purchased a new position in shares of Williams Companies in the 1st quarter valued at $29,000. Claybrook Capital LLC purchased a new position in shares of Williams Companies in the 4th quarter valued at $26,000. JNBA Financial Advisors grew its stake in Williams Companies by 68.6% during the 4th quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock worth $26,000 after buying an additional 480 shares during the last quarter. Finally, JOYN Advisors Inc. grew its stake in Williams Companies by 57.9% during the 4th quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after buying an additional 463 shares during the last quarter. 87.97% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Ted T. Timmermans sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $26.06, for a total value of $130,300.00. Following the transaction, the vice president now directly owns 18,666 shares in the company, valued at approximately $486,435.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen I. Chazen bought 10,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average price of $27.33 per share, for a total transaction of $273,300.00. Following the completion of the purchase, the director now directly owns 45,730 shares in the company, valued at approximately $1,249,800.90. The disclosure for this purchase can be found here. 0.26% of the stock is owned by corporate insiders.
Shares of NYSE WMB traded up $0.50 during trading on Friday, hitting $28.04. 8,299,800 shares of the company traded hands, compared to its average volume of 7,241,185. Williams Companies Inc has a 1 year low of $20.36 and a 1 year high of $32.22. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.31 and a quick ratio of 0.28. The company has a market cap of $33.32 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 4.46 and a beta of 1.62. The stock has a 50-day moving average of $27.27.
Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.30 billion. Williams Companies had a negative net margin of 1.29% and a positive return on equity of 5.56%. Williams Companies’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 EPS. On average, research analysts predict that Williams Companies Inc will post 0.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were given a $0.38 dividend. The ex-dividend date was Thursday, June 6th. This represents a $1.52 dividend on an annualized basis and a yield of 5.42%. Williams Companies’s payout ratio is 192.41%.
About Williams Companies
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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