Sigma Planning Corp Takes $565,000 Position in Williams Companies Inc (WMB)

Sigma Planning Corp bought a new stake in shares of Williams Companies Inc (NYSE:WMB) in the first quarter, Holdings Channel reports. The firm bought 19,655 shares of the pipeline company’s stock, valued at approximately $565,000.

Other institutional investors have also recently bought and sold shares of the company. JNBA Financial Advisors boosted its stake in Williams Companies by 68.6% during the 4th quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 480 shares during the period. Claybrook Capital LLC acquired a new position in Williams Companies during the 4th quarter valued at about $26,000. JOYN Advisors Inc. boosted its stake in Williams Companies by 57.9% during the 4th quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 463 shares during the period. Oakworth Capital Inc. boosted its stake in Williams Companies by 381.7% during the 4th quarter. Oakworth Capital Inc. now owns 1,262 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 1,000 shares during the period. Finally, Liberty Wealth Management LLC acquired a new position in Williams Companies during the 4th quarter valued at about $29,000. 90.21% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:WMB opened at $27.55 on Friday. The company has a market capitalization of $32.67 billion, a PE ratio of 34.87, a P/E/G ratio of 4.28 and a beta of 1.70. Williams Companies Inc has a twelve month low of $20.36 and a twelve month high of $32.22. The company has a quick ratio of 0.28, a current ratio of 0.31 and a debt-to-equity ratio of 1.32.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.30 billion. Williams Companies had a positive return on equity of 5.56% and a negative net margin of 1.29%. Williams Companies’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. Equities analysts forecast that Williams Companies Inc will post 0.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend is Thursday, June 6th. Williams Companies’s dividend payout ratio is currently 192.41%.

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

WMB has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Williams Companies from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Saturday, January 12th. Barclays raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Wednesday, January 16th. Evercore ISI initiated coverage on shares of Williams Companies in a research note on Tuesday, February 5th. They set an “outperform” rating for the company. 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. Finally, 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $32.33.

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Williams Companies Profile

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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