Convergence Investment Partners LLC Acquires New Holdings in Williams Companies Inc (WMB)

Convergence Investment Partners LLC acquired a new position in Williams Companies Inc (NYSE:WMB) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,159 shares of the pipeline company’s stock, valued at approximately $1,235,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. National Asset Management Inc. grew its holdings in Williams Companies by 122.7% in the third quarter. National Asset Management Inc. now owns 22,680 shares of the pipeline company’s stock worth $685,000 after purchasing an additional 12,498 shares during the period. Financial Counselors Inc. grew its holdings in shares of Williams Companies by 1.3% during the third quarter. Financial Counselors Inc. now owns 389,025 shares of the pipeline company’s stock valued at $11,675,000 after buying an additional 4,982 shares during the last quarter. National Planning Corp grew its holdings in shares of Williams Companies by 28.1% during the third quarter. National Planning Corp now owns 9,127 shares of the pipeline company’s stock valued at $276,000 after buying an additional 2,003 shares during the last quarter. Franklin Square Holdings L.P. purchased a new stake in shares of Williams Companies during the third quarter valued at approximately $360,000. Finally, Tredje AP fonden grew its holdings in shares of Williams Companies by 81.6% during the third quarter. Tredje AP fonden now owns 93,986 shares of the pipeline company’s stock valued at $2,821,000 after buying an additional 42,243 shares during the last quarter. Institutional investors and hedge funds own 84.84% of the company’s stock.

In related news, insider Donald R. Chappel sold 272,088 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 60,032 shares in the company, valued at $1,820,170.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robyn L. Ewing sold 9,913 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $29.99, for a total transaction of $297,290.87. Following the completion of the sale, the insider now owns 27,090 shares in the company, valued at approximately $812,429.10. The disclosure for this sale can be found here. Insiders sold 283,501 shares of company stock worth $8,590,124 in the last 90 days. 0.53% of the stock is currently owned by corporate insiders.

Shares of Williams Companies Inc (WMB) traded down $0.38 during mid-day trading on Thursday, reaching $28.69. 4,160,900 shares of the company traded hands, compared to its average volume of 6,411,386. Williams Companies Inc has a 52 week low of $26.82 and a 52 week high of $32.69. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $24,033.53, a PE ratio of 49.27, a P/E/G ratio of 3.11 and a beta of 1.37.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the business posted $0.20 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. analysts predict that Williams Companies Inc will post 0.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 8th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, December 7th. Williams Companies’s dividend payout ratio is currently 210.53%.

A number of equities research analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of Williams Companies in a report on Monday, September 25th. They set an “outperform” rating and a $34.00 price target on the stock. BidaskClub upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Morgan Stanley cut their price target on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $36.00 price target on shares of Williams Companies in a report on Monday, October 16th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Williams Companies in a report on Thursday, August 10th. Four research 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 stock. Williams Companies has a consensus rating of “Buy” and a consensus price target of $33.83.

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Williams Companies 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.

Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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