Roanoke Asset Management Corp NY Cuts Position in Williams Companies Inc (WMB)
Roanoke Asset Management Corp NY decreased its position in shares of Williams Companies Inc (NYSE:WMB) by 11.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,762 shares of the pipeline company’s stock after selling 14,144 shares during the period. Williams Companies accounts for about 1.5% of Roanoke Asset Management Corp NY’s portfolio, making the stock its 25th largest position. Roanoke Asset Management Corp NY’s holdings in Williams Companies were worth $3,248,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. First Manhattan Co. increased its stake in Williams Companies by 12.1% in the third quarter. First Manhattan Co. now owns 18,934 shares of the pipeline company’s stock worth $581,000 after buying an additional 2,050 shares during the last quarter. Cypress Asset Management Inc. TX increased its stake in Williams Companies by 6.0% in the third quarter. Cypress Asset Management Inc. TX now owns 27,028 shares of the pipeline company’s stock worth $831,000 after buying an additional 1,518 shares during the last quarter. CENTRAL TRUST Co increased its stake in Williams Companies by 15.1% in the third quarter. CENTRAL TRUST Co now owns 9,931 shares of the pipeline company’s stock worth $305,000 after buying an additional 1,305 shares during the last quarter. Capital Management Corp VA bought a new stake in Williams Companies during the third quarter worth about $254,000. Finally, Woodley Farra Manion Portfolio Management Inc. bought a new stake in Williams Companies during the third quarter worth about $210,000. Institutional investors own 80.63% of the company’s stock.
Shares of Williams Companies Inc (NYSE:WMB) traded down 0.83% during mid-day trading on Friday, hitting $30.01. 7,497,355 shares of the stock traded hands. The stock has a 50-day moving average of $29.36 and a 200-day moving average of $29.59. Williams Companies Inc has a 52 week low of $18.35 and a 52 week high of $32.69. The company’s market cap is $24.78 billion.
Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, February 15th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. Williams Companies had a negative net margin of 15.19% and a positive return on equity of 2.16%. The firm earned $2.20 billion during the quarter, compared to analyst estimates of $1.89 billion. Analysts anticipate that Williams Companies Inc will post $1.04 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 27th. Investors of record on Friday, March 10th were paid a $0.30 dividend. The ex-dividend date was Wednesday, March 8th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.20. This represents a $1.20 dividend on an annualized basis and a yield of 4.00%. Williams Companies’s dividend payout ratio (DPR) is presently -53.69%.
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WMB has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 3rd. Royal Bank of Canada reiterated a “buy” rating and set a $39.00 price target on shares of Williams Companies in a research report on Wednesday, January 4th. Jefferies Group LLC downgraded shares of Williams Companies from a “buy” rating to a “hold” rating and reduced their price target for the company from $35.00 to $32.00 in a research report on Tuesday, January 10th. Barclays PLC downgraded shares of Williams Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $35.00 to $28.00 in a research report on Wednesday, January 11th. Finally, BMO Capital Markets set a $32.00 price target on shares of Williams Companies and gave the company a “buy” rating in a research report on Monday, January 23rd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Williams Companies currently has a consensus rating of “Buy” and an average price target of $30.96.
About Williams Companies
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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