Capital International Investors Buys 868,600 Shares of Williams Companies Inc (WMB)
Capital International Investors increased its stake in shares of Williams Companies Inc (NYSE:WMB) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,252,900 shares of the pipeline company’s stock after purchasing an additional 868,600 shares during the quarter. Capital International Investors owned 1.00% of Williams Companies worth $247,670,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of WMB. BlackRock Inc. lifted its holdings 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 worth $1,964,347,000 after purchasing an additional 5,850,607 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Williams Companies by 4,652.7% during the second quarter. Janus Henderson Group PLC now owns 4,822,264 shares of the pipeline company’s stock worth $146,019,000 after purchasing an additional 4,720,801 shares during the period. Vanguard Group Inc. lifted its holdings 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 worth $1,939,819,000 after purchasing an additional 2,671,905 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Williams Companies by 47.1% during the second quarter. Ameriprise Financial Inc. now owns 6,174,675 shares of the pipeline company’s stock worth $186,965,000 after purchasing an additional 1,978,314 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings 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 worth $366,414,000 after purchasing an additional 1,975,398 shares during the period. 84.84% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Alan S. Armstrong purchased 6,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average price of $27.23 per share, for a total transaction of $163,380.00. Following the completion of the transaction, the chief executive officer now directly owns 345,527 shares in the company, valued at approximately $9,408,700.21. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Donald R. Chappel sold 272,088 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $30.32, for a total value of $8,249,708.16. Following the completion of the transaction, the insider now owns 60,032 shares of the company’s stock, valued at approximately $1,820,170.24. The disclosure for this sale can be found here. In the last three months, insiders sold 283,501 shares of company stock valued at $8,590,124. 0.50% of the stock is owned by corporate insiders.
WMB has been the subject of several recent research reports. BidaskClub downgraded Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $36.00 price target on shares of Williams Companies in a report on Monday, October 16th. Morgan Stanley decreased their price target on Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Friday, November 17th. Finally, Wolfe Research assumed coverage on Williams Companies in a report on Monday, September 25th. They issued an “outperform” rating and a $34.00 target price for the company. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $33.83.
Williams Companies Inc (NYSE WMB) traded up $0.08 during trading on Monday, reaching $28.55. The company’s stock had a trading volume of 8,941,800 shares, compared to its average volume of 6,415,466. Williams Companies Inc has a 12 month low of $26.82 and a 12 month high of $32.69. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $23,603.62, a P/E ratio of 48.39, a P/E/G ratio of 3.05 and a beta of 1.37.
Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 1st. The pipeline company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the business posted $0.20 EPS. Williams Companies’s revenue was down .7% compared to the same quarter last year. equities analysts anticipate that Williams Companies Inc will post 0.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 8th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Thursday, December 7th. Williams Companies’s dividend payout ratio (DPR) is currently 210.53%.
Williams Companies 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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