The Williams Companies, Inc. (NYSE:WMB) Stock Position Lifted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its holdings in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 57.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,549 shares of the pipeline company's stock after acquiring an additional 10,374 shares during the period. Concurrent Investment Advisors LLC's holdings in Williams Companies were worth $1,303,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WMB. Clearbridge Investments LLC lifted its position in Williams Companies by 5.9% during the first quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company's stock worth $817,736,000 after buying an additional 1,175,628 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in shares of Williams Companies by 1.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company's stock worth $538,482,000 after acquiring an additional 144,713 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Williams Companies by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company's stock valued at $410,064,000 after purchasing an additional 311,530 shares during the period. Bahl & Gaynor Inc. increased its position in Williams Companies by 8.8% during the second quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company's stock worth $325,726,000 after purchasing an additional 618,056 shares during the last quarter. Finally, Blackstone Inc. raised its stake in Williams Companies by 109.1% during the first quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company's stock worth $252,006,000 after purchasing an additional 3,373,800 shares during the period. Hedge funds and other institutional investors own 86.44% of the company's stock.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.44% of the company's stock.

Analyst Upgrades and Downgrades

WMB has been the subject of a number of research analyst reports. Morgan Stanley upgraded Williams Companies from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $52.00 to $58.00 in a report on Friday, October 4th. Barclays raised their price objective on Williams Companies from $42.00 to $46.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 2nd. Seaport Res Ptn cut Williams Companies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 30th. Scotiabank raised their price target on shares of Williams Companies from $43.00 to $48.00 and gave the company a "sector perform" rating in a report on Thursday, August 8th. Finally, UBS Group boosted their price objective on shares of Williams Companies from $51.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $50.38.

Williams Companies Stock Performance

Shares of NYSE WMB traded up $0.87 during trading on Friday, reaching $56.31. The stock had a trading volume of 7,120,229 shares, compared to its average volume of 6,255,060. The firm's 50 day moving average price is $48.81 and its two-hundred day moving average price is $44.34. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $56.80. The stock has a market cap of $68.63 billion, a PE ratio of 23.76, a P/E/G ratio of 6.19 and a beta of 1.03. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.90%. The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. On average, research analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies's payout ratio is 80.17%.

Williams Companies Company Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.