Wellington Management Group LLP bought a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,117 shares of the pipeline company’s stock, valued at approximately $713,000.
Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Williams Companies, Inc. (The) by 273.9% in the first quarter. JPMorgan Chase & Co. now owns 10,125,511 shares of the pipeline company’s stock valued at $299,614,000 after buying an additional 7,417,774 shares during the last quarter. CI Investments Inc. raised its position in Williams Companies, Inc. (The) by 104.6% in the first quarter. CI Investments Inc. now owns 5,872,500 shares of the pipeline company’s stock valued at $173,767,000 after buying an additional 3,002,400 shares during the last quarter. Prudential Financial Inc. raised its position in Williams Companies, Inc. (The) by 212.1% in the first quarter. Prudential Financial Inc. now owns 4,234,519 shares of the pipeline company’s stock valued at $125,300,000 after buying an additional 2,877,866 shares during the last quarter. Miller Howard Investments Inc. NY raised its position in Williams Companies, Inc. (The) by 693.8% in the first quarter. Miller Howard Investments Inc. NY now owns 2,530,635 shares of the pipeline company’s stock valued at $74,881,000 after buying an additional 2,211,840 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Williams Companies, Inc. (The) by 55.6% in the first quarter. Jennison Associates LLC now owns 5,270,855 shares of the pipeline company’s stock valued at $155,965,000 after buying an additional 1,882,785 shares during the last quarter. Institutional investors and hedge funds own 84.65% of the company’s stock.
Shares of Williams Companies, Inc. (NYSE:WMB) opened at 31.67 on Tuesday. The firm has a market cap of $26.17 billion, a price-to-earnings ratio of 2111.33 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 of $29.86 and a 200-day moving average of $29.48.
Williams Companies, Inc. (The) (NYSE:WMB) last issued its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.06. Williams Companies, Inc. (The) had a net margin of 0.18% and a return on equity of 3.74%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company earned $0.03 earnings per share. Equities research analysts expect that Williams Companies, Inc. will post $1.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Friday, June 9th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Wednesday, June 7th. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is presently -3,998.67%.
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Several equities analysts recently weighed in on WMB shares. Zacks Investment Research upgraded shares of Williams Companies, Inc. (The) from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 4th. Scotiabank restated a “hold” rating and set a $30.00 target price on shares of Williams Companies, Inc. (The) in a report on Thursday, April 27th. Wells Fargo & Company upgraded shares of Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a report on Monday, May 8th. Citigroup Inc. upgraded shares of Williams Companies, Inc. (The) from a “neutral” rating to a “buy” rating and lifted their target price for the company from $32.00 to $36.00 in a report on Friday, April 7th. Finally, Sanford C. Bernstein started coverage on shares of Williams Companies, Inc. (The) in a report on Tuesday, May 16th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $33.07.
In related news, CEO Alan S. Armstrong purchased 15,000 shares of Williams Companies, Inc. (The) stock in a transaction on Thursday, June 15th. The stock was purchased at an average cost of $28.60 per share, with a total value of $429,000.00. Following the acquisition, the chief executive officer now directly owns 345,527 shares in the company, valued at $9,882,072.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ted T. Timmermans sold 1,000 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $30.73, for a total transaction of $30,730.00. Following the completion of the sale, the vice president now directly owns 13,094 shares of the company’s stock, valued at $402,378.62. The disclosure for this sale can be found here. Over the last three months, insiders acquired 38,750 shares of company stock valued at $1,107,110 and sold 92,561 shares valued at $2,876,240. 0.50% of the stock is owned by corporate insiders.
About Williams Companies, Inc. (The)
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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