Williams Companies Inc (WMB) Position Raised by Capital International Inc. CA
Capital International Inc. CA boosted its position in Williams Companies Inc (NYSE:WMB) by 15.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,100 shares of the pipeline company’s stock after purchasing an additional 2,000 shares during the period. Capital International Inc. CA’s holdings in Williams Companies were worth $453,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of WMB. Fuller & Thaler Asset Management Inc. acquired a new stake in Williams Companies in the 3rd quarter valued at about $105,000. Bronfman E.L. Rothschild L.P. lifted its stake in Williams Companies by 78.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock valued at $137,000 after purchasing an additional 1,997 shares during the last quarter. Parallel Advisors LLC raised its holdings in Williams Companies by 19.9% in the 2nd quarter. Parallel Advisors LLC now owns 5,571 shares of the pipeline company’s stock valued at $177,000 after acquiring an additional 925 shares during the period. Sun Life Financial INC raised its holdings in Williams Companies by 46,384.6% in the 2nd quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock valued at $183,000 after acquiring an additional 6,030 shares during the period. Finally, Dupont Capital Management Corp bought a new position in Williams Companies in the 2nd quarter valued at about $194,000. Institutional investors and hedge funds own 84.84% of the company’s stock.
In other Williams Companies news, CEO Alan S. Armstrong bought 6,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were bought at an average cost of $27.23 per share, with a total value of $163,380.00. Following the completion of the acquisition, the chief executive officer now owns 345,527 shares of the company’s stock, valued at $9,408,700.21. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robyn L. Ewing sold 9,913 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $29.99, for a total transaction of $297,290.87. Following the transaction, the insider now directly owns 27,090 shares in the company, valued at $812,429.10. The disclosure for this sale can be found here. Insiders have sold 283,501 shares of company stock worth $8,590,124 over the last ninety days. Insiders own 0.53% of the company’s stock.
Several research firms have weighed in on WMB. Wolfe Research began coverage on shares of Williams Companies in a report on Monday, September 25th. They issued an “outperform” rating and a $34.00 price target on the stock. BidaskClub raised shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Morgan Stanley lowered their price target on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $36.00 price target on shares of Williams Companies in a report on Monday, October 16th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $33.83.
Shares of Williams Companies Inc (NYSE:WMB) traded up $0.08 on Friday, hitting $28.55. 8,941,823 shares of the stock traded hands, compared to its average volume of 5,094,007. Williams Companies Inc has a 12 month low of $26.82 and a 12 month high of $32.69. The company has a market capitalization of $23,537.48, a PE ratio of 48.25, a PEG ratio of 3.04 and a beta of 1.37. 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 announced its earnings results on Wednesday, November 1st. The pipeline company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Williams Companies had a return on equity of 3.23% and a net margin of 5.90%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the business posted $0.20 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. sell-side analysts forecast that Williams Companies Inc will post 0.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.20 annualized dividend and a dividend yield of 4.20%. Williams Companies’s dividend payout ratio is presently 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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