IHT Wealth Management LLC bought a new stake in shares of Williams Companies Inc (NYSE:WMB) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,669 shares of the pipeline company’s stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMB. Invesco Ltd. raised its holdings in shares of Williams Companies by 255.8% during the second quarter. Invesco Ltd. now owns 20,233,420 shares of the pipeline company’s stock valued at $567,345,000 after buying an additional 14,547,225 shares during the last quarter. Charles Schwab Investment Advisory Inc. grew its holdings in Williams Companies by 38.1% in the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 9,503,890 shares of the pipeline company’s stock worth $266,489,000 after buying an additional 2,620,323 shares in the last quarter. Cohen & Steers Inc. increased its position in Williams Companies by 123.0% in the 2nd quarter. Cohen & Steers Inc. now owns 4,065,172 shares of the pipeline company’s stock valued at $113,987,000 after acquiring an additional 2,241,952 shares during the period. BlackRock Inc. increased its position in Williams Companies by 1.4% in the 2nd quarter. BlackRock Inc. now owns 134,858,059 shares of the pipeline company’s stock valued at $3,781,421,000 after acquiring an additional 1,858,174 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in Williams Companies by 49.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 3,901,566 shares of the pipeline company’s stock valued at $93,872,000 after acquiring an additional 1,291,139 shares during the period. Hedge funds and other institutional investors own 86.85% of the company’s stock.

Shares of NYSE WMB opened at $22.55 on Tuesday. Williams Companies Inc has a 1 year low of $20.36 and a 1 year high of $29.55. The firm has a market cap of $27.54 billion, a P/E ratio of 28.54, a PEG ratio of 3.52 and a beta of 1.56. The stock has a fifty day moving average price of $22.76 and a two-hundred day moving average price of $24.98. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.39 and a current ratio of 0.43.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, October 30th. The pipeline company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. Williams Companies had a return on equity of 6.95% and a net margin of 1.87%. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS. On average, research analysts predict that Williams Companies Inc will post 0.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date is Thursday, December 12th. Williams Companies’s payout ratio is currently 192.41%.

A number of research analysts have issued reports on the company. UBS Group reiterated a “buy” rating and set a $29.00 price target (down previously from $30.00) on shares of Williams Companies in a research report on Monday, November 25th. ValuEngine raised Williams Companies from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Scotiabank started coverage on shares of Williams Companies in a research note on Tuesday, September 3rd. They set a “sector perform” rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Williams Companies from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Finally, Barclays reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Williams Companies in a report on Wednesday, October 16th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $28.20.

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

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