Investors Buy Shares of Williams Companies (WMB) on Weakness

Investors bought shares of Williams Companies Inc (NYSE:WMB) on weakness during trading hours on Monday. $121.01 million flowed into the stock on the tick-up and $29.59 million flowed out of the stock on the tick-down, for a money net flow of $91.42 million into the stock. Of all companies tracked, Williams Companies had the 9th highest net in-flow for the day. Williams Companies traded down ($0.32) for the day and closed at $27.56

A number of research analysts have weighed in on the stock. ValuEngine raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Zacks Investment Research raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Morgan Stanley set a $35.00 price target on shares of Williams Companies and gave the company an “overweight” rating in a research note on Thursday, August 16th. UBS Group lifted their price target on shares of Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, US Capital Advisors reaffirmed a “buy” rating on shares of Williams Companies in a research note on Tuesday, July 17th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $33.43.

The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $23.08 billion, a P/E ratio of 43.27, a price-to-earnings-growth ratio of 4.73 and a beta of 1.51.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2 billion. Williams Companies had a return on equity of 3.82% and a net margin of 24.19%. During the same period in the prior year, the firm earned $0.13 EPS. equities analysts anticipate that Williams Companies Inc will post 0.79 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 24th. Stockholders of record on Friday, September 7th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend was Thursday, September 6th. Williams Companies’s dividend payout ratio is presently 215.87%.

In other news, VP Ted T. Timmermans sold 20,267 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were 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 of the company’s stock, valued at $318,560. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Frank J. Ferazzi sold 1,100 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $31.31, for a total transaction of $34,441.00. Following the completion of the sale, the senior vice president now directly owns 15,037 shares in the company, valued at approximately $470,808.47. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of WMB. Tredje AP fonden raised its position in Williams Companies by 97.9% during the second quarter. Tredje AP fonden now owns 307,565 shares of the pipeline company’s stock worth $8,338,000 after acquiring an additional 152,119 shares in the last quarter. Linscomb & Williams Inc. bought a new stake in Williams Companies during the second quarter worth $3,708,000. Swiss National Bank raised its position in Williams Companies by 3.1% during the second quarter. Swiss National Bank now owns 2,735,241 shares of the pipeline company’s stock worth $74,152,000 after acquiring an additional 82,700 shares in the last quarter. Capital Advisors Inc. OK raised its position in Williams Companies by 4.3% during the second quarter. Capital Advisors Inc. OK now owns 532,893 shares of the pipeline company’s stock worth $14,447,000 after acquiring an additional 21,897 shares in the last quarter. Finally, Argent Trust Co bought a new stake in Williams Companies during the second quarter worth $1,320,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

About Williams Companies (NYSE:WMB)

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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