Los Angeles Capital Management & Equity Research Inc. grew its stake in Williams Companies Inc (NYSE:WMB) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,861 shares of the pipeline company’s stock after buying an additional 18,220 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Williams Companies were worth $5,128,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Duff & Phelps Investment Management Co. boosted its holdings in shares of Williams Companies by 4.6% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,161,934 shares of the pipeline company’s stock valued at $34,870,000 after buying an additional 51,325 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Williams Companies by 19.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,100,909 shares of the pipeline company’s stock worth $366,414,000 after purchasing an additional 1,975,398 shares during the period. Renaissance Technologies LLC boosted its stake in Williams Companies by 86.8% during the 2nd quarter. Renaissance Technologies LLC now owns 986,200 shares of the pipeline company’s stock worth $29,862,000 after purchasing an additional 458,200 shares during the period. Federated Investors Inc. PA boosted its stake in Williams Companies by 53.6% during the 2nd quarter. Federated Investors Inc. PA now owns 64,033 shares of the pipeline company’s stock worth $1,939,000 after purchasing an additional 22,333 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in Williams Companies during the 2nd quarter worth $286,000. Institutional investors and hedge funds own 84.84% of the company’s stock.
Shares of Williams Companies Inc (NYSE:WMB) traded down $0.38 on Wednesday, hitting $28.69. 4,160,958 shares of the stock were exchanged, compared to its average volume of 6,411,386. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.97 and a quick ratio of 0.91. The stock has a market cap of $24,016.99, a P/E ratio of 49.24, a PEG ratio of 3.10 and a beta of 1.37. Williams Companies Inc has a 1-year low of $26.82 and a 1-year high of $32.69.
Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ 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 analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the business earned $0.20 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. equities analysts forecast that Williams Companies Inc will post 0.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.20 annualized dividend and a yield of 4.18%. Williams Companies’s dividend payout ratio (DPR) is currently 210.53%.
In other news, CEO Alan S. Armstrong purchased 6,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $27.23 per share, for a total transaction of $163,380.00. Following the completion of the acquisition, the chief executive officer now directly owns 345,527 shares in the company, valued at approximately $9,408,700.21. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Donald R. Chappel sold 272,088 shares of Williams Companies stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $30.32, for a total transaction of $8,249,708.16. Following the sale, the insider now owns 60,032 shares of the company’s stock, valued at $1,820,170.24. The disclosure for this sale can be found here. Insiders have sold a total of 283,501 shares of company stock valued at $8,590,124 over the last 90 days. 0.50% of the stock is currently owned by insiders.
A number of analysts recently weighed in on WMB shares. BidaskClub cut shares of Williams Companies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Williams Companies in a research note on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $36.00 price target on shares of Williams Companies in a research note on Monday, October 16th. Morgan Stanley reduced their target price on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Finally, Wolfe Research began coverage on shares of Williams Companies in a research note on Monday, September 25th. They issued an “outperform” rating and a $34.00 target price for the company. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $33.83.
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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