Williams Companies Inc (NYSE:WMB) Director Kathleen B. Cooper sold 4,000 shares of Williams Companies stock in a transaction on Monday, February 26th. The shares were sold at an average price of $28.31, for a total transaction of $113,240.00. Following the completion of the sale, the director now owns 45,465 shares of the company’s stock, valued at approximately $1,287,114.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Williams Companies Inc (NYSE WMB) traded up $0.12 during trading on Wednesday, reaching $28.14. The company had a trading volume of 9,613,459 shares, compared to its average volume of 6,288,038. Williams Companies Inc has a fifty-two week low of $26.65 and a fifty-two week high of $33.67. The company has a market cap of $23,170.00, a PE ratio of 96.90 and a beta of 1.38. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.26.
Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.20. Williams Companies had a return on equity of 3.38% and a net margin of 27.07%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the business posted ($0.02) EPS. research analysts predict that Williams Companies Inc will post 0.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 9th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, March 8th. This is a boost from Williams Companies’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 4.83%. Williams Companies’s dividend payout ratio is currently 468.97%.
Several institutional investors and hedge funds have recently made changes to their positions in WMB. BlackRock Inc. increased its position in shares of Williams Companies by 12.4% during the fourth quarter. BlackRock Inc. now owns 77,428,540 shares of the pipeline company’s stock valued at $2,360,797,000 after buying an additional 8,532,633 shares during the period. Mackenzie Financial Corp increased its position in shares of Williams Companies by 105.9% during the fourth quarter. Mackenzie Financial Corp now owns 4,130,727 shares of the pipeline company’s stock valued at $125,946,000 after buying an additional 2,124,502 shares during the period. Kayne Anderson Capital Advisors LP grew its holdings in shares of Williams Companies by 47.9% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 4,464,764 shares of the pipeline company’s stock worth $136,116,000 after purchasing an additional 1,445,904 shares in the last quarter. CI Investments Inc. grew its holdings in shares of Williams Companies by 22.1% during the third quarter. CI Investments Inc. now owns 7,195,800 shares of the pipeline company’s stock worth $215,946,000 after purchasing an additional 1,304,200 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of Williams Companies by 11.3% during the fourth quarter. Clearbridge Investments LLC now owns 10,568,640 shares of the pipeline company’s stock worth $322,238,000 after purchasing an additional 1,075,388 shares in the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Williams Companies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 9th. Zacks Investment Research raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. UBS Group reissued a “buy” rating and issued a $36.00 price target (down previously from $37.00) on shares of Williams Companies in a research report on Friday, March 2nd. ValuEngine downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, Scotiabank reaffirmed a “hold” rating and set a $36.00 price objective on shares of Williams Companies in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $35.27.
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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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