Louisiana State Employees Retirement System Purchases 400 Shares of Williams Companies Inc (NYSE:WMB)

Louisiana State Employees Retirement System raised its holdings in Williams Companies Inc (NYSE:WMB) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,900 shares of the pipeline company’s stock after acquiring an additional 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Williams Companies were worth $1,835,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Williams Companies by 47.6% in the 3rd quarter. Vanguard Group Inc. now owns 93,159,173 shares of the pipeline company’s stock valued at $2,532,998,000 after purchasing an additional 30,031,200 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Williams Companies by 47.6% in the 3rd quarter. Vanguard Group Inc now owns 93,159,173 shares of the pipeline company’s stock valued at $2,532,998,000 after purchasing an additional 30,031,200 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Williams Companies by 149.0% in 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 purchasing an additional 25,063,078 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Williams Companies by 70.8% in the 3rd quarter. Clearbridge Investments LLC now owns 17,872,475 shares of the pipeline company’s stock valued at $485,953,000 after purchasing an additional 7,406,900 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Williams Companies by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 15,722,127 shares of the pipeline company’s stock valued at $346,152,000 after purchasing an additional 1,124,517 shares in the last quarter. Hedge funds and other institutional investors own 90.21% of the company’s stock.

NYSE WMB traded down $0.13 during trading hours on Thursday, reaching $26.96. 5,471,588 shares of the company’s stock were exchanged, compared to its average volume of 7,401,988. Williams Companies Inc has a one year low of $20.36 and a one year high of $32.22. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.28 and a current ratio of 0.31. The stock has a market cap of $33.43 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 4.40 and a beta of 1.70.

Williams Companies (NYSE:WMB) last released its quarterly earnings results 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). Williams Companies had a positive return on equity of 5.56% and a negative net margin of 1.29%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company earned $0.19 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. On average, analysts predict that Williams Companies Inc will post 0.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.64%. Williams Companies’s payout ratio is presently 192.41%.

Several equities research analysts have recently commented on the stock. Mizuho set a $32.00 target price on shares of Williams Companies and gave the company a “buy” rating in a research note on Tuesday, March 19th. Bank of America set a $30.00 target price on shares of Williams Companies and gave the company a “buy” rating in a research note on Thursday, February 14th. Evercore ISI assumed coverage on shares of Williams Companies in a research report on Tuesday, February 5th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Williams Companies from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, January 30th. Finally, Barclays upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $32.33.

In other news, insider Walter J. Bennett sold 14,859 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $27.13, for a total value of $403,124.67. Following the completion of the sale, the insider now owns 116,881 shares of the company’s stock, valued at approximately $3,170,981.53. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kathleen B. Cooper sold 9,615 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $27.39, for a total value of $263,354.85. Following the sale, the director now directly owns 32,272 shares of the company’s stock, valued at approximately $883,930.08. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

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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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