Nomura Asset Management Co. Ltd. raised its holdings in Williams Companies Inc (NYSE:WMB) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,897 shares of the pipeline company’s stock after purchasing an additional 5,010 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Williams Companies were worth $3,625,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Williams Companies in the third quarter valued at about $105,000. SeaCrest Wealth Management LLC purchased a new position in shares of Williams Companies during the fourth quarter valued at approximately $117,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Williams Companies during the third quarter valued at approximately $172,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of 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 valued at $197,000 after buying an additional 2,013 shares during the period. Finally, Eqis Capital Management Inc. purchased a new position in shares of Williams Companies during the fourth quarter valued at approximately $201,000. 86.53% of the stock is currently owned by institutional investors.
In related news, insider James E. Scheel sold 26,915 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were 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 is available at the SEC website. Also, VP Ted T. Timmermans sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $28.28, for a total transaction of $56,560.00. Following the transaction, the vice president now directly owns 17,945 shares of the company’s stock, valued at approximately $507,484.60. The disclosure for this sale can be found here. Insiders have sold 32,915 shares of company stock valued at $1,057,995 in the last ninety days. 0.50% of the stock is currently owned by company insiders.
Williams Companies Inc (WMB) opened at $28.02 on Wednesday. Williams Companies Inc has a 52-week low of $26.65 and a 52-week high of $33.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market cap of $23,170.00, a P/E ratio of 96.62 and a beta of 1.38.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Williams Companies had a net margin of 27.07% and a return on equity of 3.38%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business posted ($0.02) earnings per share. equities research analysts expect that Williams Companies Inc will post 0.79 EPS for the current fiscal 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 given a dividend of $0.34 per share. This is a positive change from Williams Companies’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, March 8th. This represents a $1.36 annualized dividend and a yield of 4.85%. Williams Companies’s dividend payout ratio is 468.97%.
Several brokerages recently issued reports on WMB. Zacks Investment Research raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. UBS Group reissued a “buy” rating and set a $36.00 price objective (down previously from $37.00) on shares of Williams Companies in a research note on Friday, March 2nd. ValuEngine downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. JPMorgan Chase & Co. raised shares of Williams Companies from a “neutral” rating to an “overweight” rating in a research note on Friday, March 9th. Finally, Scotiabank reissued a “hold” rating and set a $36.00 price objective on shares of Williams Companies in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Williams Companies currently has a consensus rating of “Buy” and an average target price of $35.27.
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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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