DekaBank Deutsche Girozentrale boosted its stake in Williams Companies Inc (NYSE:WMB) by 62.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,999 shares of the pipeline company’s stock after acquiring an additional 36,417 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Williams Companies were worth $2,949,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Williams Companies by 22.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 254,560 shares of the pipeline company’s stock valued at $6,921,000 after purchasing an additional 45,999 shares in the last quarter. Hilton Capital Management LLC acquired a new position in shares of Williams Companies in the 3rd quarter valued at approximately $558,000. HAP Trading LLC acquired a new position in shares of Williams Companies in the 3rd quarter valued at approximately $487,000. CIBC World Markets Inc. acquired a new position in shares of Williams Companies in the 3rd quarter valued at approximately $1,632,000. Finally, FMR LLC raised its position in shares of Williams Companies by 5.0% in the 3rd quarter. FMR LLC now owns 30,053,410 shares of the pipeline company’s stock valued at $817,152,000 after purchasing an additional 1,438,941 shares in the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.
In related news, insider Chad J. Zamarin bought 2,500 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were purchased at an average cost of $25.69 per share, with a total value of $64,225.00. Following the completion of the transaction, the insider now directly owns 28,970 shares of the company’s stock, valued at $744,239.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Terrance Lane Wilson bought 1,000 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was bought at an average cost of $25.75 per share, for a total transaction of $25,750.00. Following the completion of the transaction, the senior vice president now directly owns 17,844 shares of the company’s stock, valued at $459,483. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 38,500 shares of company stock worth $993,625. Corporate insiders own 0.53% of the company’s stock.
Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.16 billion. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. During the same period in the prior year, the company posted $0.04 EPS. Sell-side analysts expect that Williams Companies Inc will post 0.77 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 5.37%. The ex-dividend date is Thursday, December 13th. Williams Companies’s dividend payout ratio is currently 215.87%.
A number of equities analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Williams Companies in a research report on Tuesday, August 7th. They issued a “buy” rating and a $35.00 target price on the stock. Zacks Investment Research reaffirmed a “buy” rating and issued a $29.00 target price on shares of Williams Companies in a research report on Saturday, November 17th. Mizuho assumed coverage on Williams Companies in a research report on Wednesday, November 28th. They issued a “buy” rating and a $32.00 target price on the stock. UBS Group upped their target price on Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, ValuEngine lowered Williams Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued 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 target price of $32.76.
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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