Mosaic Family Wealth LLC lowered its stake in Williams Companies Inc (NYSE:WMB) by 26.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,887 shares of the pipeline company’s stock after selling 2,484 shares during the quarter. Mosaic Family Wealth LLC’s holdings in Williams Companies were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. grew its stake in Williams Companies by 12.4% during the 4th 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. Mackenzie Financial Corp grew its stake in Williams Companies by 105.9% during the 4th quarter. Mackenzie Financial Corp now owns 4,130,727 shares of the pipeline company’s stock valued at $125,946,000 after acquiring an additional 2,124,502 shares in the last quarter. CI Investments Inc. grew its stake in Williams Companies by 22.1% during the 3rd 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 grew its stake in Williams Companies by 11.8% during the 3rd 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. Finally, Maple Brown Abbott Ltd grew its stake in Williams Companies by 306.1% during the 4th 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. 86.53% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Kathleen B. Cooper sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $28.31, for a total value of $113,240.00. Following the completion of the sale, the director now directly owns 45,465 shares in the company, valued at approximately $1,287,114.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Ted T. Timmermans sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $28.28, for a total value of $56,560.00. Following the completion of the sale, the vice president now owns 17,945 shares of the company’s stock, valued at $507,484.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,915 shares of company stock valued at $1,057,995. Corporate insiders own 0.50% of the company’s stock.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Williams Companies from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. UBS Group reaffirmed a “buy” rating and set a $36.00 target price (down previously from $37.00) on shares of Williams Companies in a research note on Friday, March 2nd. ValuEngine cut Williams Companies from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. JPMorgan Chase & Co. raised Williams Companies from a “neutral” rating to an “overweight” rating in a research note on Friday, March 9th. Finally, Scotiabank reaffirmed a “hold” rating and set a $36.00 target price on shares of Williams Companies in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $35.27.
Shares of Williams Companies Inc (NYSE:WMB) traded up $0.12 during midday trading on Wednesday, hitting $28.14. The company had a trading volume of 9,613,552 shares, compared to its average volume of 6,288,059. The company has a market cap of $23,170.00, a PE ratio of 97.03 and a beta of 1.38. Williams Companies Inc has a 1-year low of $26.65 and a 1-year high of $33.67. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.26.
Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. Williams Companies had a return on equity of 3.38% and a net margin of 27.07%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the business posted ($0.02) EPS. analysts predict that Williams Companies Inc will post 0.79 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be issued a $0.34 dividend. This is a positive change from Williams Companies’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Thursday, March 8th. Williams Companies’s payout ratio is 468.97%.
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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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