Williams Cos. (WMB) Stake Decreased by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC lowered its stake in Williams Cos. (NYSE:WMB) by 16.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 248,273 shares of the company’s stock after selling 50,100 shares during the period. Nisa Investment Advisors LLC’s holdings in Williams Cos. were worth $7,629,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Seven Eight Capital LLC increased its position in Williams Cos. by 68.0% in the first quarter. Seven Eight Capital LLC now owns 15,152 shares of the company’s stock valued at $243,000 after buying an additional 6,134 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Williams Cos. by 16.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,792 shares of the company’s stock valued at $575,000 after buying an additional 5,056 shares in the last quarter. First Republic Investment Management Inc. increased its position in Williams Cos. by 41.8% in the first quarter. First Republic Investment Management Inc. now owns 57,510 shares of the company’s stock valued at $926,000 after buying an additional 16,947 shares in the last quarter. British Columbia Investment Management Corp increased its position in Williams Cos. by 11.1% in the second quarter. British Columbia Investment Management Corp now owns 472,387 shares of the company’s stock valued at $10,218,000 after buying an additional 47,160 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its position in Williams Cos. by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 176,800 shares of the company’s stock valued at $3,824,000 after buying an additional 10,613 shares in the last quarter. Institutional investors and hedge funds own 84.96% of the company’s stock.
Shares of Williams Cos. (NYSE:WMB) traded up 6.64% during midday trading on Wednesday, reaching $30.85. The company’s stock had a trading volume of 6,757,150 shares. The stock’s market cap is $23.16 billion. The stock has a 50-day moving average price of $29.77 and a 200-day moving average price of $26.32. Williams Cos. has a 52-week low of $10.22 and a 52-week high of $36.97.
Williams Cos. (NYSE:WMB) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. Williams Cos. had a positive return on equity of 2.16% and a negative net margin of 15.19%. During the same period in the previous year, the firm earned $0.22 earnings per share. Equities research analysts anticipate that Williams Cos. will post $0.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 27th. Shareholders of record on Friday, December 9th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.77%. Williams Cos.’s dividend payout ratio (DPR) is presently -53.69%.
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Several equities analysts have commented on the company. Zacks Investment Research downgraded Williams Cos. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Royal Bank Of Canada assumed coverage on Williams Cos. in a research report on Monday, September 26th. They issued an “outperform” rating and a $39.00 target price for the company. Argus increased their target price on Williams Cos. from $31.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, August 22nd. Citigroup Inc. reiterated a “neutral” rating and issued a $32.00 target price (up from $30.00) on shares of Williams Cos. in a research report on Wednesday, November 2nd. Finally, RBC Capital Markets began coverage on Williams Cos. in a research report on Monday, September 26th. They issued an “outperform” rating and a $39.00 target price for the company. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Williams Cos. presently has an average rating of “Buy” and an average target price of $30.40.
In related news, Director Stephen I. Chazen bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were bought at an average price of $28.23 per share, with a total value of $141,150.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $141,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rory Lee Miller sold 40,000 shares of Williams Cos. stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $29.40, for a total value of $1,176,000.00. Following the transaction, the insider now directly owns 109,780 shares in the company, valued at approximately $3,227,532. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.
About Williams Cos.
The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.
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