Williams Cos. (WMB) Stake Reduced by Retirement Systems of Alabama
Retirement Systems of Alabama cut its stake in Williams Cos. (NYSE:WMB) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 348,211 shares of the company’s stock after selling 9,266 shares during the period. Retirement Systems of Alabama’s holdings in Williams Cos. were worth $7,532,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. State Street Corp raised its stake in Williams Cos. by 7.4% in the first quarter. State Street Corp now owns 35,986,326 shares of the company’s stock valued at $578,305,000 after buying an additional 2,493,583 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Williams Cos. by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 18,245,245 shares of the company’s stock valued at $293,201,000 after buying an additional 285,443 shares during the last quarter. BlackRock Group LTD raised its stake in Williams Cos. by 63.6% in the first quarter. BlackRock Group LTD now owns 10,064,808 shares of the company’s stock valued at $161,742,000 after buying an additional 3,913,093 shares during the last quarter. Harvest Fund Advisors LLC raised its stake in Williams Cos. by 77.2% in the first quarter. Harvest Fund Advisors LLC now owns 6,138,474 shares of the company’s stock valued at $98,645,000 after buying an additional 2,673,814 shares during the last quarter. Finally, Brookfield Asset Management Inc. raised its stake in Williams Cos. by 17.3% in the first quarter. Brookfield Asset Management Inc. now owns 5,864,659 shares of the company’s stock valued at $94,245,000 after buying an additional 862,971 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of Williams Cos. (NYSE:WMB) traded down 0.43% during trading on Friday, hitting $30.38. 4,270,504 shares of the stock traded hands. The firm’s market cap is $22.80 billion. The company has a 50-day moving average of $29.58 and a 200-day moving average of $23.20. Williams Cos. has a 52 week low of $10.22 and a 52 week high of $44.14.
Williams Cos. (NYSE:WMB) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. Williams Cos. had a negative net margin of 16.82% and a positive return on equity of 2.14%. During the same period last year, the business earned $0.15 EPS. On average, analysts forecast that Williams Cos. will post $0.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Friday, September 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, September 7th. Williams Cos.’s payout ratio is -49.38%.
Several research analysts recently issued reports on the stock. Evercore Partners Inc. upped their price target on shares of Williams Cos. from $24.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Stephens assumed coverage on shares of Williams Cos. in a research report on Thursday, September 29th. They set an “equal weight” rating and a $32.00 price target on the stock. TheStreet upgraded shares of Williams Cos. from a “sell” rating to a “hold” rating in a research report on Friday, June 17th. Citigroup Inc. reduced their price target on shares of Williams Cos. from $55.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 2nd. Finally, Jefferies Group upped their price target on shares of Williams Cos. from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $29.36.
In related news, VP Ted T. Timmermans sold 2,000 shares of Williams Cos. stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $26.23, for a total value of $52,460.00. Following the transaction, the vice president now directly owns 13,803 shares of the company’s stock, valued at $362,052.69. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.87% of the company’s stock.
Williams Cos. Company Profile
The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.
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