Everhart Financial Group Inc. Makes New $220,000 Investment in The Williams Companies, Inc. (NYSE:WMB)

by · The Markets Daily

Everhart Financial Group Inc. bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,534 shares of the pipeline company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cahill Financial Advisors Inc. increased its holdings in Williams Companies by 15.7% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 24,488 shares of the pipeline company’s stock worth $799,000 after purchasing an additional 3,318 shares in the last quarter. Epoch Investment Partners Inc. raised its position in Williams Companies by 1,313.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 436,166 shares of the pipeline company’s stock valued at $14,232,000 after buying an additional 405,301 shares during the last quarter. Achmea Investment Management B.V. lifted its stake in Williams Companies by 2.2% during the 2nd quarter. Achmea Investment Management B.V. now owns 101,345 shares of the pipeline company’s stock valued at $3,307,000 after acquiring an additional 2,179 shares in the last quarter. Czech National Bank boosted its holdings in Williams Companies by 0.5% during the 2nd quarter. Czech National Bank now owns 144,209 shares of the pipeline company’s stock worth $4,706,000 after acquiring an additional 722 shares during the last quarter. Finally, Courier Capital LLC bought a new stake in shares of Williams Companies in the 2nd quarter worth $1,883,000. Institutional investors and hedge funds own 85.76% of the company’s stock.

Williams Companies Trading Down 0.8 %

Shares of WMB stock opened at $35.55 on Friday. The Williams Companies, Inc. has a 1 year low of $27.80 and a 1 year high of $37.45. The company’s fifty day simple moving average is $35.42 and its two-hundred day simple moving average is $34.47. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.77 and a quick ratio of 0.72. The stock has a market capitalization of $43.25 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 5.20 and a beta of 1.10.

Williams Companies (NYSE:WMB – Get Free Report) last issued its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Williams Companies had a return on equity of 16.90% and a net margin of 24.52%. The firm’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. As a group, analysts anticipate that The Williams Companies, Inc. will post 2.13 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Friday, December 8th were paid a dividend of $0.4475 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.79 annualized dividend and a yield of 5.04%. Williams Companies’s dividend payout ratio is currently 80.27%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays increased their price objective on shares of Williams Companies from $35.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. The Goldman Sachs Group started coverage on Williams Companies in a research report on Thursday, October 5th. They set a “neutral” rating and a $35.00 price target for the company. StockNews.com started coverage on Williams Companies in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Mizuho upped their price objective on Williams Companies from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and a consensus target price of $36.50.

View Our Latest Research Report on Williams Companies

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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

See Also

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