Honkamp Krueger Financial Services Inc. cut its stake in Williams Companies Inc (NYSE:WMB) by 31.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,482 shares of the pipeline company’s stock after selling 5,244 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Williams Companies were worth $350,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of WMB. BlackRock Inc. raised its holdings in Williams Companies by 12.4% in the fourth quarter. BlackRock Inc. now owns 77,428,540 shares of the pipeline company’s stock valued at $2,360,797,000 after acquiring an additional 8,532,633 shares in the last quarter. CI Investments Inc. raised its holdings in Williams Companies by 22.1% in the third quarter. CI Investments Inc. now owns 7,195,800 shares of the pipeline company’s stock valued at $215,946,000 after acquiring an additional 1,304,200 shares in the last quarter. Capital International Investors raised its holdings in Williams Companies by 11.8% in the third quarter. Capital International Investors now owns 8,252,900 shares of the pipeline company’s stock valued at $247,670,000 after acquiring an additional 868,600 shares in the last quarter. Maple Brown Abbott Ltd raised its holdings in Williams Companies by 306.1% in the fourth quarter. Maple Brown Abbott Ltd now owns 1,089,602 shares of the pipeline company’s stock valued at $68,906,000 after acquiring an additional 821,302 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Williams Companies by 43.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,651,579 shares of the pipeline company’s stock valued at $79,573,000 after acquiring an additional 802,813 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Williams Companies Inc (NYSE WMB) opened at $28.91 on Tuesday. The firm has a market cap of $23,903.83, a price-to-earnings ratio of 46.63, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32. Williams Companies Inc has a twelve month low of $26.82 and a twelve month high of $33.67. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 1.38.
Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Williams Companies had a net margin of 27.07% and a return on equity of 3.44%. During the same period in the prior year, the company earned ($0.02) earnings per share. sell-side analysts anticipate that Williams Companies Inc will post 0.92 EPS for the current fiscal year.
In other Williams Companies news, insider James E. Scheel sold 26,915 shares of the stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $33.00, for a total transaction of $888,195.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.
WMB has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $38.00 price target on shares of Williams Companies in a report on Tuesday, January 16th. Jefferies Group reaffirmed a “buy” rating and issued a $37.00 price target on shares of Williams Companies in a report on Friday, January 12th. Bank of America initiated coverage on shares of Williams Companies in a report on Tuesday, January 9th. They issued a “buy” rating on the stock. Barclays cut shares of Williams Companies from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $36.00 to $35.00 in a report on Wednesday, January 17th. Finally, Scotiabank reaffirmed a “hold” rating and issued a $36.00 price target on shares of Williams Companies in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $35.20.
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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.
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