Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Williams Companies Inc (NYSE:WMB) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,996,823 shares of the pipeline company’s stock after buying an additional 87,910 shares during the quarter. Williams Companies makes up 0.9% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s portfolio, making the stock its 18th largest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.24% of Williams Companies worth $59,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in WMB. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Williams Companies in the 3rd quarter valued at about $105,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Williams Companies by 78.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock valued at $137,000 after purchasing an additional 1,997 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Williams Companies by 19.9% in the 2nd quarter. Parallel Advisors LLC now owns 5,571 shares of the pipeline company’s stock valued at $177,000 after purchasing an additional 925 shares in the last quarter. Sun Life Financial INC raised its holdings in shares of Williams Companies by 46,384.6% in the 2nd quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock valued at $183,000 after purchasing an additional 6,030 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Williams Companies in the 2nd quarter valued at about $185,000. Institutional investors own 82.04% of the company’s stock.
Several equities research analysts have recently commented on WMB shares. BidaskClub upgraded shares of Williams Companies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Morgan Stanley reduced their price target on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Friday, November 17th. Royal Bank Of Canada boosted their price target on shares of Williams Companies from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Wolfe Research started coverage on shares of Williams Companies in a report on Monday, September 25th. They issued an “outperform” rating and a $34.00 price target for the company. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Williams Companies in a report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $33.83.
In other Williams Companies news, insider Donald R. Chappel sold 272,088 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were 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 approximately $1,820,170.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Alan S. Armstrong bought 6,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of $27.23 per share, for a total transaction of $163,380.00. Following the transaction, the chief executive officer now owns 345,527 shares in the company, valued at approximately $9,408,700.21. The disclosure for this purchase can be found here. In the last three months, insiders have sold 283,501 shares of company stock worth $8,590,124. 0.53% of the stock is owned by insiders.
Shares of Williams Companies Inc (NYSE:WMB) traded up $0.32 during trading on Monday, hitting $28.07. 3,377,300 shares of the stock were exchanged, compared to its average volume of 6,410,667. 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 Inc has a 52-week low of $26.82 and a 52-week high of $32.69. The stock has a market cap of $23,206.79, a P/E ratio of 47.58, a P/E/G ratio of 3.00 and a beta of 1.38.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Williams Companies had a return on equity of 1.61% and a net margin of 6.61%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the firm earned $0.20 EPS. The firm’s quarterly revenue 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 fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 8th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Thursday, December 7th. Williams Companies’s dividend payout ratio is presently 210.53%.
Williams Companies 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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