TCW Group Inc. cut its position in Williams Companies Inc (NYSE:WMB) by 52.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,937 shares of the pipeline company’s stock after selling 24,400 shares during the quarter. TCW Group Inc.’s holdings in Williams Companies were worth $669,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new position in Williams Companies during the third quarter worth $105,000. SeaCrest Wealth Management LLC bought a new position in Williams Companies during the fourth quarter worth $117,000. Steward Partners Investment Advisory LLC bought a new position in Williams Companies during the third quarter worth $172,000. Bronfman E.L. Rothschild L.P. boosted its position in Williams Companies by 44.4% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 6,550 shares of the pipeline company’s stock worth $197,000 after purchasing an additional 2,013 shares during the period. Finally, Eqis Capital Management Inc. bought a new position in Williams Companies during the fourth quarter worth $201,000. 85.78% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on WMB shares. 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 report on Friday, November 17th. Credit Suisse Group started coverage on shares of Williams Companies in a research report on Thursday, January 4th. They issued an “outperform” rating and a $36.00 target price for the company. Zacks Investment Research cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Bank of America started coverage on shares of Williams Companies in a research report on Tuesday, January 9th. They issued a “buy” rating for the company. Finally, Jefferies Group reissued a “buy” rating and issued a $37.00 target price on shares of Williams Companies in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Williams Companies has an average rating of “Buy” and a consensus price target of $35.20.
In related news, insider James E. Scheel sold 26,915 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $33.00, for a total value of $888,195.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by insiders.
Williams Companies Inc (NYSE WMB) opened at $28.74 on Friday. The company has a market capitalization of $23,760.00, a PE ratio of 99.10, a P/E/G ratio of 2.67 and a beta of 1.32. Williams Companies Inc has a 52 week low of $26.82 and a 52 week high of $33.67. 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 posted its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.20 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.20. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a return on equity of 3.44% and a net margin of 27.07%. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. equities analysts expect that Williams Companies Inc will post 0.83 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Williams Companies’s previous quarterly dividend of $0.30. Williams Companies’s payout ratio is 413.79%.
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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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