Visionary Asset Management Inc. lessened its holdings in Williams Companies Inc (NYSE:WMB) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 95,740 shares of the pipeline company’s stock after selling 9,364 shares during the quarter. Visionary Asset Management Inc.’s holdings in Williams Companies were worth $2,873,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new position in Williams Companies in the 3rd quarter valued at $105,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Williams Companies by 78.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock worth $137,000 after buying an additional 1,997 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Williams Companies by 19.9% during the 2nd quarter. Parallel Advisors LLC now owns 5,571 shares of the pipeline company’s stock worth $177,000 after buying an additional 925 shares in the last quarter. Sun Life Financial INC grew its position in shares of Williams Companies by 46,384.6% during the 2nd quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock worth $183,000 after buying an additional 6,030 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in shares of Williams Companies during the 2nd quarter worth $194,000. 84.75% of the stock is currently owned by institutional investors.
Williams Companies Inc (WMB) traded down $0.02 during trading on Friday, reaching $30.49. The company’s stock had a trading volume of 2,914,928 shares, compared to its average volume of 5,258,203. Williams Companies Inc has a 52 week low of $26.82 and a 52 week high of $32.69. The stock has a market capitalization of $25,224.04, a PE ratio of 53.49, a PEG ratio of 3.67 and a beta of 1.37. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.91 and a current ratio of 0.97.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Thursday, December 7th. Williams Companies’s payout ratio is 210.53%.
In related news, 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 purchased 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 directly owns 345,527 shares in the company, valued at $9,408,700.21. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ted T. Timmermans sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $28.75, for a total value of $43,125.00. Following the sale, the vice president now directly owns 9,594 shares in the company, valued at $275,827.50. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.
A number of research firms have recently issued reports on WMB. Royal Bank of Canada reissued a “buy” rating and set a $36.00 price target on shares of Williams Companies in a research report on Monday, October 16th. Wolfe Research started 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. Finally, Morgan Stanley dropped 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 analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Williams Companies has an average rating of “Buy” and a consensus target price of $33.83.
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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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