CIBC World Markets Inc. Acquires New Stake in Williams Companies Inc (WMB)

CIBC World Markets Inc. acquired a new stake in shares of Williams Companies Inc (NYSE:WMB) in the third quarter, HoldingsChannel reports. The firm acquired 60,008 shares of the pipeline company’s stock, valued at approximately $1,632,000.

Other institutional investors have also recently bought and sold shares of the company. FTB Advisors Inc. increased its position in Williams Companies by 350.4% during the third quarter. FTB Advisors Inc. now owns 3,270 shares of the pipeline company’s stock valued at $150,000 after acquiring an additional 2,544 shares during the last quarter. Camarda Financial Advisors LLC increased its position in Williams Companies by 516.7% during the third quarter. Camarda Financial Advisors LLC now owns 4,163 shares of the pipeline company’s stock valued at $113,000 after acquiring an additional 3,488 shares during the last quarter. Squar Milner Financial Services LLC increased its position in Williams Companies by 152.6% during the third quarter. Squar Milner Financial Services LLC now owns 4,206 shares of the pipeline company’s stock valued at $114,000 after acquiring an additional 2,541 shares during the last quarter. First Interstate Bank increased its position in Williams Companies by 96.3% during the third quarter. First Interstate Bank now owns 4,318 shares of the pipeline company’s stock valued at $117,000 after acquiring an additional 2,118 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in Williams Companies during the second quarter valued at $127,000. Institutional investors own 74.34% of the company’s stock.

A number of research firms recently commented on WMB. Mizuho began coverage on Williams Companies in a research report on Wednesday, November 28th. They set a “buy” rating and a $32.00 price objective for the company. Zacks Investment Research reiterated a “buy” rating and set a $29.00 price objective on shares of Williams Companies in a research report on Saturday, November 17th. ValuEngine cut Williams Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Bank of America reduced their price objective on Williams Companies from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Finally, Seaport Global Securities began coverage on Williams Companies in a research report on Friday, October 19th. They set a “buy” rating and a $31.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $32.76.

Shares of WMB opened at $25.32 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $30.65 billion, a price-to-earnings ratio of 40.19, a P/E/G ratio of 5.06 and a beta of 1.57. Williams Companies Inc has a 52 week low of $23.54 and a 52 week high of $33.67.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. During the same quarter in the prior year, the business posted $0.04 earnings per share. As a group, research analysts anticipate that Williams Companies Inc will post 0.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Thursday, December 13th. Williams Companies’s payout ratio is 215.87%.

In other Williams Companies news, insider John D. Chandler acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was purchased at an average price of $25.94 per share, with a total value of $259,400.00. Following the completion of the purchase, the insider now directly owns 26,582 shares in the company, valued at approximately $689,537.08. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Chad J. Zamarin acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was acquired at an average cost of $25.69 per share, with a total value of $64,225.00. Following the purchase, the insider now owns 28,970 shares of the company’s stock, valued at $744,239.30. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 38,500 shares of company stock valued at $993,625. Company insiders own 0.53% of the company’s stock.

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Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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

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