Van ECK Associates Corp boosted its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 30.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,674 shares of the pipeline company’s stock after buying an additional 4,096 shares during the period. Van ECK Associates Corp’s holdings in Williams Companies, Inc. (The) were worth $523,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of WMB. FMR LLC raised its stake in shares of Williams Companies, Inc. (The) by 1.2% in the fourth quarter. FMR LLC now owns 79,894,750 shares of the pipeline company’s stock valued at $2,487,922,000 after buying an additional 973,256 shares in the last quarter. Lone Pine Capital LLC raised its stake in Williams Companies, Inc. (The) by 76.6% in the fourth quarter. Lone Pine Capital LLC now owns 16,327,936 shares of the pipeline company’s stock worth $508,452,000 after buying an additional 7,080,689 shares during the period. JPMorgan Chase & Co. raised its stake 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 worth $299,614,000 after buying an additional 7,417,774 shares during the period. Glenview Capital Management LLC bought a new stake in Williams Companies, Inc. (The) during the fourth quarter worth $262,820,000. Finally, CI Investments Inc. raised its stake 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 worth $173,767,000 after buying an additional 3,002,400 shares during the period. 85.66% of the stock is owned by institutional investors and hedge funds.
Shares of Williams Companies, Inc. (NYSE:WMB) traded down 2.32% during mid-day trading on Tuesday, reaching $28.20. The company had a trading volume of 2,466,704 shares. The stock has a 50 day moving average of $29.72 and a 200-day moving average of $29.58. Williams Companies, Inc. has a 52 week low of $19.60 and a 52 week high of $32.69. The company has a market capitalization of $23.30 billion, a price-to-earnings ratio of 1880.00 and a beta of 1.33.
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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. Williams Companies, Inc. (The) had a net margin of 0.18% and a return on equity of 3.74%. During the same quarter last year, the firm earned $0.03 EPS. On average, analysts expect that Williams Companies, Inc. will post $0.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Friday, June 9th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Wednesday, June 7th. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is presently -3,998.67%.
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WMB has been the subject of a number of recent analyst reports. Citigroup Inc. upgraded Williams Companies, Inc. (The) from a “neutral” rating to a “buy” rating and upped their target price for the company from $32.00 to $36.00 in a report on Friday, April 7th. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 price objective on shares of Williams Companies, Inc. (The) in a report on Wednesday, May 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $34.00 price objective on shares of Williams Companies, Inc. (The) in a report on Friday, March 31st. Royal Bank Of Canada restated a “buy” rating and set a $34.00 price target on shares of Williams Companies, Inc. (The) in a report on Tuesday, June 6th. Finally, Goldman Sachs Group, Inc. (The) upgraded Williams Companies, Inc. (The) from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, March 1st. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Williams Companies, Inc. (The) currently has an average rating of “Buy” and a consensus price target of $32.39.
In other Williams Companies, Inc. (The) news, insider Robyn L. Ewing sold 81,561 shares of Williams Companies, Inc. (The) stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $31.14, for a total value of $2,539,809.54. Following the sale, the insider now owns 47,003 shares of the company’s stock, valued at approximately $1,463,673.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles I. Cogut purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were purchased at an average cost of $30.63 per share, for a total transaction of $30,630.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at $30,630. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 21,000 shares of company stock worth $607,980 and sold 92,561 shares worth $2,876,240. 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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