MUFG Americas Holdings Corp lifted its stake in shares of Williams Companies Inc (NYSE:WMB) by 127.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,538 shares of the pipeline company’s stock after purchasing an additional 5,913 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Williams Companies were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in WMB. CI Investments Inc. raised its position in shares of Williams Companies by 22.1% during the 3rd 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 during the period. Capital International Investors raised its position in shares of Williams Companies by 11.8% during the 3rd quarter. Capital International Investors now owns 8,252,900 shares of the pipeline company’s stock worth $247,670,000 after purchasing an additional 868,600 shares during the period. Maple Brown Abbott Ltd raised its position in shares of Williams Companies by 306.1% during the 4th quarter. Maple Brown Abbott Ltd now owns 1,089,602 shares of the pipeline company’s stock worth $68,906,000 after purchasing an additional 821,302 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Williams Companies by 43.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,651,579 shares of the pipeline company’s stock worth $79,573,000 after purchasing an additional 802,813 shares during the period. Finally, Caxton Associates LP acquired a new stake in shares of Williams Companies during the 3rd quarter worth approximately $20,230,000. Institutional investors and hedge funds own 85.78% of the company’s stock.
Williams Companies Inc (NYSE WMB) opened at $28.91 on Tuesday. Williams Companies Inc has a fifty-two week low of $26.82 and a fifty-two week high of $33.67. The stock has a market capitalization of $23,900.00, a P/E ratio of 50.72, a P/E/G ratio of 2.42 and a beta of 1.32. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.97 and a quick ratio of 0.91.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.16 billion. Williams Companies had a return on equity of 3.44% and a net margin of 27.07%. During the same period last year, the company posted ($0.02) EPS. analysts anticipate that Williams Companies Inc will post 0.92 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on WMB. Jefferies Group reiterated a “buy” rating and set a $37.00 price target on shares of Williams Companies in a research report on Friday, January 12th. Barclays lowered Williams Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $36.00 to $35.00 in a report on Wednesday, January 17th. Royal Bank of Canada reissued a “buy” rating and issued a $38.00 price objective on shares of Williams Companies in a report on Tuesday, January 16th. Bank of America assumed coverage on Williams Companies in a report on Tuesday, January 9th. They issued a “buy” rating for the company. Finally, Credit Suisse Group assumed coverage on Williams Companies in a report on Thursday, January 4th. They issued an “outperform” rating and a $36.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $35.20.
In other Williams Companies news, insider James E. Scheel sold 26,915 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $33.00, for a total transaction of $888,195.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.
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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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