Williams Companies Inc (WMB) Holdings Lessened by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC trimmed its holdings in Williams Companies Inc (NYSE:WMB) by 12.7% during the fourth quarter, HoldingsChannel reports. The firm owned 312,799 shares of the pipeline company’s stock after selling 45,316 shares during the period. Nisa Investment Advisors LLC’s holdings in Williams Companies were worth $9,537,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Duff & Phelps Investment Management Co. raised its position in shares of Williams Companies by 4.6% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,161,934 shares of the pipeline company’s stock valued at $34,870,000 after purchasing an additional 51,325 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Williams Companies in the 3rd quarter valued at approximately $2,848,000. Vaughan David Investments Inc. IL raised its position in shares of Williams Companies by 32.2% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 509,104 shares of the pipeline company’s stock valued at $24,091,000 after purchasing an additional 124,051 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in shares of Williams Companies during the 3rd quarter valued at approximately $318,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Williams Companies by 5.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 432,492 shares of the pipeline company’s stock valued at $12,979,000 after acquiring an additional 24,054 shares in the last quarter. 84.75% 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alan S. Armstrong acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $27.23 per share, with a total value of $163,380.00. Following the completion of the purchase, the chief executive officer now owns 345,527 shares in the company, valued at $9,408,700.21. The disclosure for this purchase can be found here. 0.53% of the stock is owned by corporate insiders.
Several equities research analysts recently issued reports on the company. Jefferies Group reissued a “buy” rating and set a $37.00 price target on shares of Williams Companies in a research report on Friday. Bank of America assumed coverage on Williams Companies in a research report on Tuesday, January 9th. They set a “buy” rating on the stock. Credit Suisse Group assumed coverage on Williams Companies in a research report on Thursday, January 4th. They set an “outperform” rating and a $36.00 price target on the stock. Zacks Investment Research lowered Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, Wolfe Research assumed coverage on Williams Companies in a research report on Monday, September 25th. They set an “outperform” rating and a $34.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $34.33.
Williams Companies Inc (WMB) opened at $33.21 on Monday. The company has a market capitalization of $27,460.00, a price-to-earnings ratio of 58.26, a P/E/G ratio of 2.89 and a beta of 1.36. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.91 and a current ratio of 0.97. Williams Companies Inc has a 52 week low of $26.82 and a 52 week high of $33.38.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.79 billion. Williams Companies had a return on equity of 3.23% and a net margin of 5.90%. Williams Companies’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 earnings per share. analysts anticipate that Williams Companies Inc will post 0.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Friday, December 8th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.20 dividend on an annualized basis and a yield of 3.61%. Williams Companies’s payout ratio is currently 210.53%.
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About Williams Companies
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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