Williams Companies, Inc. (The) (NYSE:WMB) Shares Purchased by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG increased its stake in Williams Companies, Inc. by 17.3%, holding 281,907 shares worth approximately $16.7 million as of its latest filing.
• Williams Companies recently declared a quarterly dividend of $0.50 per share, set to be paid on September 29th, which represents an annualized yield of 3.3%.
• The company reported quarterly earnings of $0.60 per share, exceeding analysts' expectations, with revenue of $3.05 billion, a 10% year-over-year increase.

Raiffeisen Bank International AG raised its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 17.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,907 shares of the pipeline company's stock after acquiring an additional 41,566 shares during the period. Raiffeisen Bank International AG's holdings in Williams Companies were worth $16,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Blair William & Co. IL boosted its stake in Williams Companies by 5.9% in the first quarter. Blair William & Co. IL now owns 62,610 shares of the pipeline company's stock valued at $3,742,000 after acquiring an additional 3,489 shares in the last quarter. L & S Advisors Inc boosted its stake in Williams Companies by 73.0% in the first quarter. L & S Advisors Inc now owns 134,361 shares of the pipeline company's stock valued at $8,029,000 after acquiring an additional 56,702 shares in the last quarter. Manchester Capital Management LLC boosted its stake in Williams Companies by 220.5% in the first quarter. Manchester Capital Management LLC now owns 641 shares of the pipeline company's stock valued at $38,000 after acquiring an additional 441 shares in the last quarter. M.D. Sass LLC acquired a new position in Williams Companies in the first quarter valued at $58,588,000. Finally, PNC Financial Services Group Inc. boosted its stake in Williams Companies by 3.2% in the first quarter. PNC Financial Services Group Inc. now owns 308,492 shares of the pipeline company's stock valued at $18,435,000 after acquiring an additional 9,692 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $62.70, for a total transaction of $125,400.00. Following the transaction, the senior vice president owned 315,645 shares of the company's stock, valued at $19,790,941.50. This trade represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Stock Up 0.5%

Shares of NYSE WMB opened at $60.27 on Friday. Williams Companies, Inc. has a 1 year low of $40.41 and a 1 year high of $63.45. The firm's 50 day moving average price is $59.44 and its 200 day moving average price is $58.29. The firm has a market cap of $73.49 billion, a P/E ratio of 32.23, a price-to-earnings-growth ratio of 2.00 and a beta of 0.66. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.36 and a current ratio of 0.40.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.18% and a return on equity of 15.95%. Williams Companies's revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 earnings per share. As a group, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Williams Companies's dividend payout ratio (DPR) is currently 106.95%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WMB. TD Cowen began coverage on shares of Williams Companies in a report on Monday, July 7th. They set a "buy" rating and a $67.00 price target for the company. Royal Bank Of Canada reissued an "outperform" rating and set a $63.00 price target on shares of Williams Companies in a report on Tuesday, July 15th. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Scotiabank increased their price target on shares of Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 15th. Finally, Wells Fargo & Company increased their price target on shares of Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $61.77.

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.

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