CapWealth Advisors LLC increased its stake in Williams Companies Inc (NYSE:WMB) by 3.9% during the 2nd quarter, Holdings Channel reports. The firm owned 530,189 shares of the pipeline company’s stock after purchasing an additional 19,705 shares during the quarter. Williams Companies comprises approximately 2.6% of CapWealth Advisors LLC’s portfolio, making the stock its 13th biggest holding. CapWealth Advisors LLC’s holdings in Williams Companies were worth $14,373,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WMB. BlackRock Inc. increased its position in shares of Williams Companies by 13.4% in the first quarter. BlackRock Inc. now owns 87,783,397 shares of the pipeline company’s stock worth $2,182,295,000 after purchasing an additional 10,354,857 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Williams Companies by 19.9% in the first quarter. Franklin Resources Inc. now owns 26,256,271 shares of the pipeline company’s stock worth $652,731,000 after purchasing an additional 4,364,798 shares during the last quarter. Millennium Management LLC increased its position in shares of Williams Companies by 5,129.6% in the first quarter. Millennium Management LLC now owns 4,391,858 shares of the pipeline company’s stock worth $109,182,000 after purchasing an additional 4,307,878 shares during the last quarter. Hamlin Capital Management LLC bought a new position in shares of Williams Companies in the second quarter worth approximately $80,810,000. Finally, Canyon Capital Advisors LLC bought a new position in shares of Williams Companies in the first quarter worth approximately $70,055,000. Institutional investors own 86.62% of the company’s stock.

Shares of NYSE WMB opened at $28.09 on Friday. Williams Companies Inc has a one year low of $24.00 and a one year high of $33.67. 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 company has a market cap of $23.51 billion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 4.45 and a beta of 1.51.

Williams Companies (NYSE:WMB) last issued its quarterly 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 net margin of 24.19% and a return on equity of 3.82%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the business earned $0.13 earnings per share. sell-side analysts predict that Williams Companies Inc will post 0.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 24th. Stockholders of record on Friday, September 7th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Thursday, September 6th. Williams Companies’s dividend payout ratio is 215.87%.

In other news, SVP Frank J. Ferazzi sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $31.31, for a total value of $34,441.00. Following the transaction, the senior vice president now owns 15,037 shares in the company, valued at $470,808.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ted T. Timmermans sold 20,267 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total transaction of $648,544.00. Following the completion of the transaction, the vice president now owns 9,955 shares in the company, valued at approximately $318,560. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

WMB has been the topic of several research analyst reports. ValuEngine upgraded shares of Williams Companies from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. US Capital Advisors reiterated a “buy” rating on shares of Williams Companies in a research report on Tuesday, July 17th. Zacks Investment Research cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 23rd. Stifel Nicolaus assumed coverage on shares of Williams Companies in a research report on Tuesday, August 7th. They set a “buy” rating and a $35.00 price target on the stock. Finally, UBS Group increased their price target on shares of Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $33.47.

Williams Companies 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.

Further Reading: Understanding Analyst Recommendations

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

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