Forsta AP Fonden bought a new stake in Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 627,600 shares of the pipeline company’s stock, valued at approximately $19,004,000. Forsta AP Fonden owned 0.08% of Williams Companies, Inc. (The) at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Country Club Trust Company n.a. boosted its position in shares of Williams Companies, Inc. (The) by 2.9% in the first quarter. Country Club Trust Company n.a. now owns 7,127 shares of the pipeline company’s stock valued at $211,000 after buying an additional 204 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Williams Companies, Inc. (The) by 15.6% in the first quarter. Gulf International Bank UK Ltd now owns 252,958 shares of the pipeline company’s stock valued at $7,485,000 after buying an additional 34,071 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in shares of Williams Companies, Inc. (The) by 16.0% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 183,387 shares of the pipeline company’s stock valued at $5,426,000 after buying an additional 25,235 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Williams Companies, Inc. (The) by 71.2% in the first quarter. Raymond James Trust N.A. now owns 12,526 shares of the pipeline company’s stock valued at $371,000 after buying an additional 5,210 shares during the last quarter. Finally, Trust Co boosted its position in shares of Williams Companies, Inc. (The) by 0.5% in the fourth quarter. Trust Co now owns 41,650 shares of the pipeline company’s stock valued at $1,297,000 after buying an additional 200 shares during the last quarter. Institutional investors own 84.65% of the company’s stock.
Williams Companies, Inc. (NYSE WMB) traded up 0.60% during mid-day trading on Monday, reaching $31.64. 1,021,013 shares of the company’s stock were exchanged. The company has a market cap of $26.14 billion, a PE ratio of 2109.33 and a beta of 1.38. Williams Companies, Inc. has a 52-week low of $22.39 and a 52-week high of $32.69. The stock has a 50-day moving average price of $29.71 and a 200 day moving average price of $29.50.
Williams Companies, Inc. (The) (NYSE:WMB) last posted its earnings results on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by $0.06. Williams Companies, Inc. (The) had a return on equity of 3.74% and a net margin of 0.18%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company posted $0.03 earnings per share. Equities analysts predict that Williams Companies, Inc. will post $1.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Friday, June 9th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Wednesday, June 7th. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is currently -3,998.67%.
Several research analysts have commented on the stock. Scotiabank set a $30.00 target price on shares of Williams Companies, Inc. (The) and gave the stock a “hold” rating in a report on Saturday. Barclays PLC upgraded shares of Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $33.00 to $36.00 in a report on Tuesday, July 18th. Zacks Investment Research cut shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Sanford C. Bernstein assumed coverage on shares of Williams Companies, Inc. (The) in a report on Tuesday, May 16th. They issued an “outperform” rating for the company. Finally, BidaskClub upgraded shares of Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $33.00.
In other Williams Companies, Inc. (The) news, VP Ted T. Timmermans sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $30.73, for a total transaction of $30,730.00. Following the completion of the transaction, the vice president now owns 13,094 shares of the company’s stock, valued at approximately $402,378.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen W. Bergstrom purchased 17,750 shares of Williams Companies, Inc. (The) stock in a transaction on Tuesday, June 20th. The shares were purchased at an average cost of $28.12 per share, with a total value of $499,130.00. Following the transaction, the director now owns 17,750 shares in the company, valued at $499,130. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 38,750 shares of company stock valued at $1,107,110 and have sold 92,561 shares valued at $2,876,240. Corporate insiders own 0.50% of the company’s stock.
Williams Companies, Inc. (The) 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.
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