CQS Cayman LP acquired a new position in shares of Williams Companies Inc (NYSE:WMB) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 1,390,000 shares of the pipeline company’s stock, valued at approximately $37,794,000. Williams Companies accounts for approximately 1.8% of CQS Cayman LP’s holdings, making the stock its 13th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tortoise Index Solutions LLC boosted its stake in shares of Williams Companies by 23.9% during the 3rd quarter. Tortoise Index Solutions LLC now owns 443,147 shares of the pipeline company’s stock valued at $12,049,000 after buying an additional 85,467 shares during the period. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Williams Companies by 149.0% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 41,886,657 shares of the pipeline company’s stock valued at $1,138,898,000 after buying an additional 25,063,078 shares during the period. Northeast Financial Consultants Inc acquired a new stake in shares of Williams Companies during the 3rd quarter valued at $706,000. Crossmark Global Holdings Inc. boosted its stake in shares of Williams Companies by 8.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 56,666 shares of the pipeline company’s stock valued at $1,541,000 after buying an additional 4,246 shares during the period. Finally, AXA boosted its stake in shares of Williams Companies by 30.3% during the 3rd quarter. AXA now owns 58,816 shares of the pipeline company’s stock valued at $1,599,000 after buying an additional 13,679 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

WMB stock opened at $25.13 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.72 and a quick ratio of 0.66. Williams Companies Inc has a 1 year low of $23.54 and a 1 year high of $33.67. The firm has a market capitalization of $30.42 billion, a P/E ratio of 39.89, a price-to-earnings-growth ratio of 5.02 and a beta of 1.57.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business earned $0.04 EPS. Equities analysts forecast that Williams Companies Inc will post 0.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 5.41%. The ex-dividend date is Thursday, December 13th. Williams Companies’s payout ratio is presently 215.87%.

In other Williams Companies news, Director Michael A. Creel acquired 25,000 shares of Williams Companies stock in a transaction that occurred on Friday, November 2nd. The stock was acquired at an average price of $25.77 per share, with a total value of $644,250.00. Following the purchase, the director now owns 20,907 shares in the company, valued at $538,773.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chad J. Zamarin acquired 2,500 shares of Williams Companies stock in a transaction that occurred on Tuesday, November 6th. The stock was acquired at an average cost of $25.69 per share, with a total value of $64,225.00. Following the purchase, the insider now owns 28,970 shares in the company, valued at approximately $744,239.30. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 38,500 shares of company stock valued at $993,625. 0.53% of the stock is owned by company insiders.

A number of brokerages have issued reports on WMB. Bank of America decreased their target price on shares of Williams Companies from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. US Capital Advisors raised shares of Williams Companies from a “hold” rating to an “overweight” rating in a research note on Wednesday, October 17th. Zacks Investment Research reissued a “buy” rating and set a $29.00 target price on shares of Williams Companies in a research note on Saturday. Morgan Stanley set a $35.00 target price on shares of Williams Companies and gave the company an “overweight” rating in a research note on Thursday, August 16th. Finally, UBS Group lifted their target price 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $32.81.

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Williams Companies Company Profile

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.

Further Reading: What is the Coverage Ratio?

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

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