Sentry Investment Management LLC Buys 1,932 Shares of Williams Companies Inc (WMB)

Sentry Investment Management LLC increased its stake in shares of Williams Companies Inc (NYSE:WMB) by 2.7% during the first quarter, HoldingsChannel reports. The firm owned 72,604 shares of the pipeline company’s stock after buying an additional 1,932 shares during the period. Sentry Investment Management LLC’s holdings in Williams Companies were worth $2,085,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc lifted its holdings in 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 purchasing an additional 30,031,200 shares in the last quarter. Geode Capital Management LLC increased its stake in 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 worth $346,152,000 after acquiring an additional 1,124,517 shares during the last quarter. Northern Trust Corp increased its stake in Williams Companies by 2.7% in 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 increased its stake in Williams Companies by 1.4% in 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 bought a new position in Williams Companies in the 4th quarter worth about $257,472,000. 90.08% of the stock is currently owned by institutional investors and hedge funds.

NYSE WMB traded up $0.32 during trading on Tuesday, reaching $27.78. The company’s stock had a trading volume of 126,707 shares, compared to its average volume of 7,266,559. The firm has a market capitalization of $33.32 billion, a P/E ratio of 35.11, a P/E/G ratio of 4.37 and a beta of 1.70. 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 Inc has a one year low of $20.36 and a one year high of $32.22.

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 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%. Williams Companies’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. As a group, research analysts anticipate 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 5.47%. Williams Companies’s dividend payout ratio (DPR) is presently 192.41%.

WMB has been the topic of a number of research analyst reports. Zacks Investment Research lowered Williams Companies from a “buy” rating to a “hold” rating in a research note on Saturday, January 26th. Mizuho set a $32.00 target price on Williams Companies and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Evercore ISI initiated coverage on Williams Companies in a research note on Tuesday, February 5th. They issued an “outperform” rating on the stock. Finally, Bank of America set a $30.00 target price on Williams Companies and gave the stock a “buy” rating in a research note on Thursday, February 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $32.33.

In other news, insider Walter J. Bennett sold 14,859 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $27.13, for a total transaction of $403,124.67. Following the transaction, the insider now directly owns 116,881 shares in the company, valued at approximately $3,170,981.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by corporate 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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