Pointe Capital Management LLC lessened its position in Williams Companies Inc (NYSE:WMB) by 22.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 25,678 shares of the pipeline company’s stock after selling 7,304 shares during the period. Pointe Capital Management LLC’s holdings in Williams Companies were worth $783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in WMB. Capital International Investors grew its position in shares of Williams Companies by 1,660.2% in the 2nd quarter. Capital International Investors now owns 7,384,300 shares of the pipeline company’s stock valued at $223,597,000 after acquiring an additional 6,964,791 shares during the period. BlackRock Inc. lifted its stake in shares of Williams Companies by 9.9% during the 2nd quarter. BlackRock Inc. now owns 64,872,653 shares of the pipeline company’s stock worth $1,964,347,000 after buying an additional 5,850,607 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Williams Companies by 4,652.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,822,264 shares of the pipeline company’s stock worth $146,019,000 after buying an additional 4,720,801 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Williams Companies by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 64,062,726 shares of the pipeline company’s stock worth $1,939,819,000 after buying an additional 2,671,905 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Williams Companies by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,174,675 shares of the pipeline company’s stock worth $186,965,000 after buying an additional 1,978,314 shares during the last quarter. 84.75% of the stock is owned by institutional investors.
In other Williams Companies news, CEO Alan S. Armstrong acquired 6,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of $27.23 per share, for a total transaction of $163,380.00. Following the purchase, the chief executive officer now directly owns 345,527 shares of the company’s stock, valued at $9,408,700.21. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ted T. Timmermans sold 1,500 shares of Williams Companies stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $28.75, for a total transaction of $43,125.00. Following the completion of the sale, the vice president now owns 9,594 shares of the company’s stock, valued at approximately $275,827.50. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share for the quarter, missing the 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 business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm earned $0.20 EPS. Williams Companies’s revenue for the quarter was down .7% compared to the same quarter last year. equities analysts forecast that Williams Companies Inc will post 0.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Friday, December 8th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, December 7th. Williams Companies’s dividend payout ratio (DPR) is 210.53%.
A number of research firms have recently issued reports on WMB. Bank of America began coverage on shares of Williams Companies in a research note on Tuesday. They set a “buy” rating for the company. Zacks Investment Research cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Credit Suisse Group began coverage on shares of Williams Companies in a research note on Thursday, January 4th. They set an “outperform” rating and a $36.00 target price for the company. Morgan Stanley cut their target price on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Finally, Royal Bank of Canada restated a “buy” rating and set a $36.00 target price on shares of Williams Companies in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.08.
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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.
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