AMP Capital Investors Ltd grew its holdings in Williams Companies Inc (NYSE:WMB) by 3.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,174,819 shares of the pipeline company’s stock after purchasing an additional 104,835 shares during the period. AMP Capital Investors Ltd owned about 0.38% of Williams Companies worth $95,274,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Duff & Phelps Investment Management Co. raised its holdings in shares of Williams Companies by 4.6% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,161,934 shares of the pipeline company’s stock valued at $34,870,000 after purchasing an additional 51,325 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Williams Companies by 19.5% during the second quarter. JPMorgan Chase & Co. now owns 12,100,909 shares of the pipeline company’s stock worth $366,414,000 after buying an additional 1,975,398 shares during the last quarter. Vaughan David Investments Inc. IL increased its holdings in Williams Companies by 32.2% during the third quarter. Vaughan David Investments Inc. IL now owns 509,104 shares of the pipeline company’s stock worth $24,091,000 after buying an additional 124,051 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Williams Companies by 86.8% during the second quarter. Renaissance Technologies LLC now owns 986,200 shares of the pipeline company’s stock worth $29,862,000 after buying an additional 458,200 shares during the last quarter. Finally, Federated Investors Inc. PA increased its holdings in Williams Companies by 53.6% during the second quarter. Federated Investors Inc. PA now owns 64,033 shares of the pipeline company’s stock worth $1,939,000 after buying an additional 22,333 shares during the last quarter. Institutional investors own 84.84% of the company’s stock.
In other Williams Companies news, insider Robyn L. Ewing sold 9,913 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $29.99, for a total value of $297,290.87. Following the transaction, the insider now directly owns 27,090 shares in the company, valued at $812,429.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ted T. Timmermans sold 1,500 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $28.75, for a total transaction of $43,125.00. Following the completion of the transaction, the vice president now owns 9,594 shares in the company, valued at $275,827.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 283,501 shares of company stock worth $8,590,124. Corporate insiders own 0.50% of the company’s stock.
A number of brokerages recently weighed in on WMB. BidaskClub downgraded shares of Williams Companies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Sanford C. Bernstein restated an “outperform” rating on shares of Williams Companies in a report on Thursday, August 10th. Wolfe Research began coverage on shares of Williams Companies in a report on Monday, September 25th. They set an “outperform” rating and a $34.00 target price on the stock. Royal Bank Of Canada restated a “buy” rating and set a $36.00 target price on shares of Williams Companies in a report on Monday, October 16th. Finally, Morgan Stanley lowered their target price on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $33.83.
Williams Companies Inc (NYSE WMB) traded up $0.02 during trading hours on Wednesday, hitting $29.07. 3,888,600 shares of the company’s stock traded hands, compared to its average volume of 6,421,003. Williams Companies Inc has a 12-month low of $26.82 and a 12-month high of $32.69. The firm has a market capitalization of $24,016.99, a P/E ratio of 49.24, a P/E/G ratio of 3.10 and a beta of 1.37. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.91 and a current ratio of 0.97.
Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Williams Companies’s revenue for the quarter was down .7% on a year-over-year basis. equities research analysts expect that Williams Companies Inc will post 0.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 8th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.20 annualized dividend and a dividend yield of 4.13%. Williams Companies’s dividend payout ratio is currently 210.53%.
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Williams Companies Company Profile
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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