Syon Capital LLC Has $694,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

by · The Markets Daily

Syon Capital LLC boosted its stake in shares of The Williams Companies, Inc. (NYSE:WMB – Free Report) by 18.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,819 shares of the pipeline company’s stock after acquiring an additional 1,979 shares during the quarter. Syon Capital LLC’s holdings in Williams Companies were worth $694,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quent Capital LLC bought a new stake in shares of Williams Companies during the fourth quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies in the 4th quarter valued at $25,000. AlphaMark Advisors LLC acquired a new stake in shares of Williams Companies in the 4th quarter valued at $27,000. Sandy Spring Bank bought a new stake in shares of Williams Companies during the fourth quarter worth $27,000. Finally, Hoey Investments Inc. acquired a new position in shares of Williams Companies during the fourth quarter valued at $28,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total value of $1,467,960.00. Following the transaction, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at $7,511,890.08. This represents a 16.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Mary A. Hausman sold 8,896 shares of Williams Companies stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total value of $511,520.00. Following the sale, the chief accounting officer now directly owns 22,339 shares of the company’s stock, valued at $1,284,492.50. This represents a 28.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock valued at $7,563,278 in the last quarter. 0.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WMB. Royal Bank of Canada boosted their price objective on Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. CIBC lifted their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 4th. Citigroup upped their target price on shares of Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Morgan Stanley lifted their price target on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Finally, Scotiabank increased their price objective on Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.77.

Read Our Latest Report on Williams Companies

Williams Companies Stock Performance

NYSE WMB opened at $58.47 on Thursday. The firm’s fifty day moving average price is $57.51 and its two-hundred day moving average price is $55.99. The Williams Companies, Inc. has a 1 year low of $37.69 and a 1 year high of $61.67. The firm has a market capitalization of $71.30 billion, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 5.01 and a beta of 0.87. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB – Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. As a group, research analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is 109.29%.

Williams Companies Profile

(Free Report)

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.

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