Metropolitan Life Insurance Co. NY reduced its holdings in shares of Williams Companies Inc (NYSE:WMB) by 48.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 284,708 shares of the pipeline company’s stock after selling 263,249 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Williams Companies were worth $8,681,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. 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 stake in shares of Williams Companies in the fourth quarter valued at about $117,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Williams Companies in the third quarter valued at about $172,000. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Williams Companies by 44.4% in 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 acquiring an additional 2,013 shares in the last quarter. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Williams Companies in the fourth quarter valued at about $201,000. 86.53% of the stock is currently owned by institutional investors.
Shares of Williams Companies Inc (NYSE WMB) opened at $27.21 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.26. Williams Companies Inc has a 52 week low of $24.76 and a 52 week high of $33.67. The company has a market cap of $22,081.37, a PE ratio of 10.39 and a beta of 1.38.
Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ 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 analysts’ expectations of $2.16 billion. During the same quarter last year, the business earned ($0.02) earnings per share. research analysts forecast that Williams Companies Inc will post 0.79 EPS for the current fiscal year.
The business also recently disclosed 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 is a boost from Williams Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.36 annualized dividend and a dividend yield of 5.00%. Williams Companies’s dividend payout ratio (DPR) is 51.91%.
In related news, insider James E. Scheel sold 26,915 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $33.00, for a total value of $888,195.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $28.28, for a total transaction of $56,560.00. Following the completion of the sale, the vice president now 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 sold 32,915 shares of company stock valued at $1,057,995 in the last quarter. Company insiders own 0.53% of the company’s stock.
WMB has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. JPMorgan Chase & Co. raised shares of Williams Companies from a “neutral” rating to an “overweight” rating in a report on Friday, March 9th. Jefferies Group reaffirmed a “buy” rating and issued a $37.00 target price on shares of Williams Companies in a report on Friday, January 12th. Scotiabank reaffirmed a “hold” rating and issued a $36.00 target price on shares of Williams Companies in a report on Monday, January 29th. Finally, UBS reaffirmed a “buy” rating and issued a $36.00 target price (down previously from $37.00) on shares of Williams Companies in a report on Friday, March 2nd. One 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’s stock. Williams Companies presently has a consensus rating of “Buy” and a consensus target price of $35.27.
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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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