National Asset Management Inc. Acquires 12,498 Shares of Williams Companies Inc (WMB)
National Asset Management Inc. raised its holdings in Williams Companies Inc (NYSE:WMB) by 122.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,680 shares of the pipeline company’s stock after buying an additional 12,498 shares during the period. National Asset Management Inc.’s holdings in Williams Companies were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Williams Companies by 1.8% in the second quarter. FMR LLC now owns 75,368,938 shares of the pipeline company’s stock valued at $2,282,171,000 after buying an additional 1,347,813 shares in the last quarter. BlackRock Inc. lifted its position in shares of Williams Companies by 9.9% during the second quarter. BlackRock Inc. now owns 64,872,653 shares of the pipeline company’s stock valued at $1,964,347,000 after purchasing an additional 5,850,607 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Williams Companies by 4.4% during the second quarter. Vanguard Group Inc. now owns 64,062,726 shares of the pipeline company’s stock valued at $1,939,819,000 after purchasing an additional 2,671,905 shares in the last quarter. State Street Corp lifted its position in shares of Williams Companies by 0.4% during the second quarter. State Street Corp now owns 42,452,276 shares of the pipeline company’s stock valued at $1,285,450,000 after purchasing an additional 162,568 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Williams Companies by 19.5% during the second quarter. JPMorgan Chase & Co. now owns 12,100,909 shares of the pipeline company’s stock valued at $366,414,000 after purchasing an additional 1,975,398 shares in the last quarter. 84.84% of the stock is currently owned by hedge funds and other institutional investors.
WMB has been the topic of a number of recent analyst reports. 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. BidaskClub lowered shares of Williams Companies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Williams Companies in a research report on Thursday, August 10th. Wolfe Research initiated coverage on shares of Williams Companies in a research report on Monday, September 25th. They set an “outperform” rating and a $34.00 price target on the stock. Finally, Morgan Stanley dropped their price target on shares of 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 investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Williams Companies presently has a consensus rating of “Buy” and a consensus target price of $33.83.
Williams Companies Inc (NYSE WMB) traded down $0.24 during midday trading on Tuesday, reaching $29.05. 5,973,500 shares of the company were exchanged, compared to its average volume of 6,431,872. Williams Companies Inc has a 1-year low of $26.82 and a 1-year high of $32.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.97 and a quick ratio of 0.91. The stock has a market capitalization of $24,000.00, a P/E ratio of 49.64, a PEG ratio of 3.13 and a beta of 1.37.
Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Williams Companies had a return on equity of 3.23% and a net margin of 5.90%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the business posted $0.20 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. research analysts predict that Williams Companies Inc will post 0.72 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 8th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.20 dividend on an annualized basis and a yield of 4.13%. Williams Companies’s dividend payout ratio (DPR) is presently 210.53%.
In related news, insider Donald R. Chappel sold 272,088 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $30.32, for a total transaction of $8,249,708.16. Following the completion of the sale, the insider now owns 60,032 shares in the company, valued at $1,820,170.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alan S. Armstrong acquired 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $27.23 per share, with a total value of $163,380.00. Following the acquisition, the chief executive officer now directly owns 345,527 shares of the company’s stock, valued at approximately $9,408,700.21. The disclosure for this purchase can be found here. Insiders have sold 283,501 shares of company stock valued at $8,590,124 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.
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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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