Crossmark Global Holdings Inc. Raises Position in Williams Companies Inc (WMB)

Crossmark Global Holdings Inc. increased its stake in Williams Companies Inc (NYSE:WMB) by 6.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,291 shares of the pipeline company’s stock after purchasing an additional 3,692 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Williams Companies were worth $1,732,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WMB. Vanguard Group Inc boosted its stake in shares of Williams Companies by 47.6% during the 3rd quarter. Vanguard Group Inc now owns 93,159,173 shares of the pipeline company’s stock worth $2,532,998,000 after acquiring an additional 30,031,200 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Williams Companies by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 15,722,127 shares of the pipeline company’s stock worth $346,152,000 after acquiring an additional 1,124,517 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Williams Companies by 2.7% during the 4th quarter. Northern Trust Corp now owns 14,573,059 shares of the pipeline company’s stock worth $321,336,000 after acquiring an additional 379,613 shares during the last quarter. Chickasaw Capital Management LLC boosted its stake in shares of Williams Companies by 1.4% during the 1st quarter. Chickasaw Capital Management LLC now owns 13,607,626 shares of the pipeline company’s stock worth $390,811,000 after acquiring an additional 184,192 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Williams Companies during the 4th quarter worth $257,472,000. Institutional investors own 90.21% of the company’s stock.

Shares of WMB stock opened at $27.55 on Monday. The firm has a market cap of $32.67 billion, a PE ratio of 34.87, a PEG ratio of 4.28 and a beta of 1.70. 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.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.22 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 negative net margin of 1.29% and a positive return on equity of 5.56%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. On average, equities analysts forecast that Williams Companies Inc will post 0.97 EPS for the current fiscal year.

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

WMB has been the topic of several analyst reports. Zacks Investment Research cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. 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 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 on the stock. Bank of America set a $30.00 price target on shares of Williams Companies and gave the stock a “buy” rating in a research note on Thursday, February 14th. Finally, Mizuho set a $32.00 price target on shares of Williams Companies and gave the stock a “buy” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.33.

In other Williams Companies news, Director Kathleen B. Cooper sold 9,615 shares of Williams Companies 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 in the company, valued at approximately $883,930.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Walter J. Bennett sold 14,859 shares of Williams Companies 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 owns 116,881 shares in the company, valued at $3,170,981.53. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

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Williams Companies Company 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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