Williams Companies Inc (WMB) Shares Bought by KBC Group NV
KBC Group NV boosted its position in Williams Companies Inc (NYSE:WMB) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 364,272 shares of the pipeline company’s stock after purchasing an additional 8,454 shares during the period. KBC Group NV’s holdings in Williams Companies were worth $10,932,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of WMB. FMR LLC raised its holdings in Williams Companies by 1.8% during the 2nd quarter. FMR LLC now owns 75,368,938 shares of the pipeline company’s stock valued at $2,282,171,000 after acquiring an additional 1,347,813 shares during the period. BlackRock Inc. raised its holdings in Williams Companies by 9.9% during the 2nd quarter. BlackRock Inc. now owns 64,872,653 shares of the pipeline company’s stock valued at $1,964,347,000 after acquiring an additional 5,850,607 shares during the period. Vanguard Group Inc. raised its holdings in Williams Companies by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 64,062,726 shares of the pipeline company’s stock valued at $1,939,819,000 after acquiring an additional 2,671,905 shares during the period. State Street Corp raised its holdings in Williams Companies by 0.4% during the 2nd quarter. State Street Corp now owns 42,452,276 shares of the pipeline company’s stock valued at $1,285,450,000 after acquiring an additional 162,568 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Williams Companies by 19.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,100,909 shares of the pipeline company’s stock valued at $366,414,000 after acquiring an additional 1,975,398 shares during the period. Institutional investors and hedge funds own 84.84% of the company’s stock.
In other news, CEO Alan S. Armstrong purchased 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average price 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 in the company, valued at approximately $9,408,700.21. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Ted T. Timmermans sold 1,500 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $28.75, for a total transaction of $43,125.00. Following the completion of the transaction, the vice president now directly owns 9,594 shares in the company, valued at approximately $275,827.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 283,501 shares of company stock worth $8,590,124. Insiders own 0.50% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price 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. Royal Bank Of Canada reissued a “buy” rating and set a $36.00 target price on shares of Williams Companies in a report on Monday, October 16th. Wolfe Research assumed coverage on shares of Williams Companies in a report on Monday, September 25th. They set an “outperform” rating and a $34.00 target price on the stock. BidaskClub raised shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Williams Companies in a report on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $33.83.
Williams Companies Inc (WMB) traded down $0.02 during trading on Monday, hitting $29.28. 2,842,952 shares of the stock traded hands, compared to its average volume of 6,433,847. The company has a market capitalization of $24,215.41, a PE ratio of 49.64, a P/E/G ratio of 3.13 and a beta of 1.37. Williams Companies Inc has a 52-week low of $26.82 and a 52-week high of $32.69. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 1.38.
Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.89 billion during 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%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. equities research analysts forecast that Williams Companies Inc will post 0.72 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th will be issued a $0.30 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.20 annualized dividend and a dividend yield of 4.10%. Williams Companies’s payout ratio is currently 210.53%.
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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