Wealthfront Inc. trimmed its position in shares of Williams Companies Inc (NYSE:WMB) by 51.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,854 shares of the pipeline company’s stock after selling 17,667 shares during the period. Wealthfront Inc.’s holdings in Williams Companies were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in WMB. Ferris Capital LLC acquired a new position in Williams Companies during the fourth quarter worth $375,000. Virtus Fund Advisers LLC increased its position in Williams Companies by 3.3% during the fourth quarter. Virtus Fund Advisers LLC now owns 2,798,600 shares of the pipeline company’s stock worth $85,329,000 after buying an additional 90,050 shares during the last quarter. BlackRock Inc. increased its position in Williams Companies by 12.4% during the fourth quarter. BlackRock Inc. now owns 77,428,540 shares of the pipeline company’s stock worth $2,360,797,000 after buying an additional 8,532,633 shares during the last quarter. Bank of New York Mellon Corp increased its position in Williams Companies by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 7,690,394 shares of the pipeline company’s stock worth $234,479,000 after buying an additional 418,157 shares during the last quarter. Finally, Wilkins Investment Counsel Inc. acquired a new position in Williams Companies during the fourth quarter worth $1,869,000. Institutional investors and hedge funds own 85.78% of the company’s stock.
WMB has been the topic of several analyst reports. Morgan Stanley lowered their target price 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. Credit Suisse Group initiated coverage on shares of Williams Companies in a research report on Thursday, January 4th. They set an “outperform” rating and a $36.00 target price on the stock. Zacks Investment Research downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Bank of America initiated coverage on shares of Williams Companies in a research report on Tuesday, January 9th. They set a “buy” rating on the stock. Finally, Jefferies Group reissued a “buy” rating and set a $37.00 target price on shares of Williams Companies in a research report on Friday, January 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $35.20.
In other news, insider James E. Scheel sold 26,915 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $33.00, for a total value of $888,195.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.
Shares of Williams Companies Inc (NYSE:WMB) opened at $28.56 on Friday. The stock has a market capitalization of $23,664.04, a PE ratio of 10.90, a PEG ratio of 2.67 and a beta of 1.32. Williams Companies Inc has a 1 year low of $26.82 and a 1 year high of $33.67. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.97 and a quick ratio of 0.91.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a return on equity of 3.44% and a net margin of 27.07%. During the same period last year, the business posted ($0.02) earnings per share. sell-side analysts predict that Williams Companies Inc will post 0.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 9th will be given a $0.34 dividend. This is an increase from Williams Companies’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Thursday, March 8th. Williams Companies’s dividend payout ratio (DPR) is currently 45.80%.
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.
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies Inc (NYSE:WMB).
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.