Williams Companies Inc (NYSE:WMB) CEO Alan S. Armstrong Acquires 6,000 Shares

Williams Companies Inc (NYSE:WMB) CEO Alan S. Armstrong bought 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average cost of $27.23 per share, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Williams Companies Inc (NYSE:WMB) opened at $29.29 on Monday. Williams Companies Inc has a one year low of $26.82 and a one year high of $32.69. The company has a market capitalization of $24,215.42, a price-to-earnings ratio of 49.64, a P/E/G ratio of 3.13 and a beta of 1.37. 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 announced its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ 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 analysts’ expectations of $1.79 billion. During the same period last year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. analysts anticipate that Williams Companies Inc will post 0.72 earnings per share for the current fiscal year.

The company 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 $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Thursday, December 7th. Williams Companies’s payout ratio is currently 210.53%.

Several brokerages have commented on WMB. BidaskClub lowered Williams Companies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Williams Companies in a research report on Thursday, August 10th. Wolfe Research began coverage on Williams Companies in a research report on Monday, September 25th. They set an “outperform” rating and a $34.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $36.00 price objective on shares of Williams Companies in a research report on Monday, October 16th. Finally, Morgan Stanley reduced their price objective on Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. 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’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $33.83.

Institutional investors have recently bought and sold shares of the company. Duff & Phelps Investment Management Co. lifted its holdings 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 during the last quarter. JPMorgan Chase & Co. raised its stake 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 last quarter. Vaughan David Investments Inc. IL raised its stake in Williams Companies by 32.2% during 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 acquiring an additional 124,051 shares during the last quarter. Renaissance Technologies LLC raised its stake in Williams Companies by 86.8% during the 2nd quarter. Renaissance Technologies LLC now owns 986,200 shares of the pipeline company’s stock valued at $29,862,000 after acquiring an additional 458,200 shares during the last quarter. Finally, Federated Investors Inc. PA raised its stake in Williams Companies by 53.6% during the 2nd quarter. Federated Investors Inc. PA now owns 64,033 shares of the pipeline company’s stock valued at $1,939,000 after acquiring an additional 22,333 shares during the last quarter. 84.86% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Williams Companies (NYSE:WMB)

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