BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Williams Companies Inc (NYSE:WMB) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 384,069 shares of the pipeline company’s stock after purchasing an additional 35,869 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Williams Companies were worth $10,443,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Arrow Financial Corp grew its holdings in Williams Companies by 45.0% during the third quarter. Arrow Financial Corp now owns 6,071 shares of the pipeline company’s stock worth $165,000 after acquiring an additional 1,884 shares during the period. First Allied Advisory Services Inc. grew its holdings in Williams Companies by 9.3% during the second quarter. First Allied Advisory Services Inc. now owns 23,454 shares of the pipeline company’s stock worth $642,000 after acquiring an additional 1,988 shares during the period. Parkwood LLC grew its holdings in Williams Companies by 11.3% during the second quarter. Parkwood LLC now owns 20,417 shares of the pipeline company’s stock worth $554,000 after acquiring an additional 2,078 shares during the period. Whittier Trust Co. grew its holdings in Williams Companies by 45.2% during the third quarter. Whittier Trust Co. now owns 6,703 shares of the pipeline company’s stock worth $182,000 after acquiring an additional 2,086 shares during the period. Finally, First Interstate Bank grew its holdings in Williams Companies by 96.3% during the third quarter. First Interstate Bank now owns 4,318 shares of the pipeline company’s stock worth $117,000 after acquiring an additional 2,118 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

WMB opened at $24.53 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.27. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 5.00 and a beta of 1.59. Williams Companies Inc has a one year low of $23.54 and a one year high of $33.67.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. During the same period in the previous year, the business earned $0.04 earnings per share. On average, equities analysts anticipate that Williams Companies Inc will post 0.77 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.36 dividend on an annualized basis and a yield of 5.54%. Williams Companies’s payout ratio is 215.87%.

In other news, insider John D. Chandler bought 10,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were bought at an average cost of $25.94 per share, for a total transaction of $259,400.00. Following the completion of the transaction, the insider now owns 26,582 shares in the company, valued at $689,537.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen B. Cooper sold 9,760 shares of the business’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $25.60, for a total value of $249,856.00. Following the sale, the director now owns 41,887 shares in the company, valued at $1,072,307.20. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 38,500 shares of company stock worth $993,625. 0.53% of the stock is owned by company insiders.

WMB has been the topic of a number of recent analyst reports. Bank of America reaffirmed a “buy” rating on shares of Williams Companies in a report on Tuesday, August 21st. Zacks Investment Research lowered Williams Companies from a “hold” rating to a “strong sell” rating in a report on Thursday, September 27th. Wells Fargo & Co dropped their price objective on Williams Companies from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, September 13th. ValuEngine lowered Williams Companies from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Finally, Seaport Global Securities initiated coverage on Williams Companies in a report on Friday, October 19th. They set a “buy” rating and a $31.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. Williams Companies has an average rating of “Buy” and a consensus price target of $32.76.

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About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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