Wedbush Securities Inc. raised its stake in Williams Companies Inc (NYSE:WMB) by 46.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,768 shares of the pipeline company’s stock after acquiring an additional 4,035 shares during the quarter. Wedbush Securities Inc.’s holdings in Williams Companies were worth $389,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in WMB. Robeco Institutional Asset Management B.V. lifted its holdings in Williams Companies by 9.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 131,854 shares of the pipeline company’s stock valued at $3,956,000 after acquiring an additional 11,041 shares during the period. APG Asset Management N.V. lifted its holdings in Williams Companies by 5.5% in the third quarter. APG Asset Management N.V. now owns 1,492,571 shares of the pipeline company’s stock valued at $44,792,000 after acquiring an additional 77,800 shares during the period. Loeb Partners Corp lifted its holdings in Williams Companies by 171.3% in the third quarter. Loeb Partners Corp now owns 140,650 shares of the pipeline company’s stock valued at $4,221,000 after acquiring an additional 88,800 shares during the period. Advisors Capital Management LLC lifted its holdings in Williams Companies by 50.3% in the third quarter. Advisors Capital Management LLC now owns 144,599 shares of the pipeline company’s stock valued at $4,339,000 after acquiring an additional 48,364 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its holdings in Williams Companies by 9.1% in the third quarter. Xact Kapitalforvaltning AB now owns 76,073 shares of the pipeline company’s stock valued at $2,283,000 after acquiring an additional 6,337 shares during the period. 85.78% of the stock is owned by institutional investors.
In other news, insider James E. Scheel sold 26,915 shares of the company’s stock in a transaction that occurred 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. Corporate insiders own 0.53% of the company’s stock.
Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a return on equity of 3.44% and a net margin of 27.07%. During the same period in the prior year, the company posted ($0.02) EPS. research analysts anticipate that Williams Companies Inc will post 0.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.76%. This is an increase from Williams Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, March 8th. Williams Companies’s dividend payout ratio is presently 45.80%.
A number of research analysts have issued reports on WMB shares. Royal Bank of Canada reissued a “buy” rating and issued a $38.00 price target on shares of Williams Companies in a report on Tuesday, January 16th. Jefferies Group reissued a “buy” rating and issued a $37.00 price target on shares of Williams Companies in a report on Friday, January 12th. Bank of America started coverage on Williams Companies in a report on Tuesday, January 9th. They issued a “buy” rating for the company. Barclays downgraded Williams Companies from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $36.00 to $35.00 in a report on Wednesday, January 17th. Finally, Scotiabank reaffirmed a “hold” rating and set a $36.00 target price on shares of Williams Companies in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $35.20.
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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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