Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Williams Companies Inc (NYSE:WMB) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,481 shares of the pipeline company’s stock after acquiring an additional 5,327 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Williams Companies were worth $3,586,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in WMB. Bronfman E.L. Rothschild L.P. lifted its stake 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 acquiring an additional 1,997 shares during the last quarter. SeaBridge Investment Advisors LLC boosted its position in shares of Williams Companies by 41.6% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 5,210 shares of the pipeline company’s stock worth $158,000 after purchasing an additional 1,530 shares in the last quarter. Parallel Advisors LLC boosted its position 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 worth $177,000 after purchasing an additional 925 shares in the last quarter. Sun Life Financial INC lifted its position in 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 acquiring an additional 6,030 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Williams Companies in the 2nd quarter valued at approximately $185,000. Hedge funds and other institutional investors own 84.84% of the company’s stock.
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 price of $27.23 per share, for a total transaction of $163,380.00. Following the completion of the transaction, the chief executive officer now owns 345,527 shares of the company’s stock, valued at $9,408,700.21. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robyn L. Ewing sold 9,913 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $29.99, for a total transaction of $297,290.87. Following the completion of the transaction, the insider now owns 27,090 shares of the company’s stock, valued at approximately $812,429.10. The disclosure for this sale can be found here. Insiders have sold 283,501 shares of company stock valued at $8,590,124 in the last 90 days. Insiders own 0.50% of the company’s stock.
Shares of Williams Companies Inc (WMB) traded down $0.24 during midday trading on Monday, hitting $29.05. 5,973,525 shares of the stock were exchanged, compared to its average volume of 6,431,872. The stock has a market capitalization of $24,020.00, a P/E ratio of 49.64, a PEG ratio of 3.13 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. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 1.38.
Williams Companies (NYSE:WMB) last released its earnings results 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 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 previous year, the firm posted $0.20 earnings per share. Williams Companies’s revenue for the quarter was down .7% compared to the same quarter last year. analysts expect 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 paid a dividend of $0.30 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.20 annualized dividend and a yield of 4.13%. Williams Companies’s payout ratio is 210.53%.
WMB has been the subject of several analyst reports. BidaskClub lowered 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. Wolfe Research began 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. Royal Bank Of Canada reissued a “buy” rating and issued a $36.00 price objective on shares of Williams Companies in a research note on Monday, October 16th. Finally, Morgan Stanley reduced their target price on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Williams Companies has a consensus rating of “Buy” and a consensus target price of $33.83.
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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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