Commerzbank Aktiengesellschaft FI Increases Holdings in Williams Companies Inc (WMB)
Commerzbank Aktiengesellschaft FI boosted its position in Williams Companies Inc (NYSE:WMB) by 76.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 417,755 shares of the pipeline company’s stock after purchasing an additional 180,494 shares during the period. Commerzbank Aktiengesellschaft FI owned about 0.05% of Williams Companies worth $12,537,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Duff & Phelps Investment Management Co. raised its stake in Williams Companies by 4.6% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,161,934 shares of the pipeline company’s stock valued at $34,870,000 after purchasing an additional 51,325 shares during the period. JPMorgan Chase & Co. raised its stake in Williams Companies by 19.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,100,909 shares of the pipeline company’s stock valued at $366,414,000 after purchasing an additional 1,975,398 shares during the period. Renaissance Technologies LLC raised its stake in Williams Companies by 86.8% during the 2nd quarter. Renaissance Technologies LLC now owns 986,200 shares of the pipeline company’s stock valued at $29,862,000 after purchasing an additional 458,200 shares during the period. Federated Investors Inc. PA raised its stake in Williams Companies by 53.6% during the 2nd quarter. Federated Investors Inc. PA now owns 64,033 shares of the pipeline company’s stock valued at $1,939,000 after purchasing an additional 22,333 shares during the period. Finally, Cetera Investment Advisers bought a new stake in Williams Companies during the 2nd quarter valued at approximately $286,000. 84.86% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have issued reports on the company. Wolfe Research assumed coverage on Williams Companies in a research note on Monday, September 25th. They issued an “outperform” rating and a $34.00 price objective on the stock. Royal Bank Of Canada lifted their price objective on Williams Companies from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. BidaskClub upgraded Williams Companies from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Morgan Stanley dropped their target price on Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Friday, November 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Williams Companies in a report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Companies has a consensus rating of “Buy” and an average price target of $33.83.
Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.79 billion. Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 earnings per share. research analysts forecast that Williams Companies Inc will post 0.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.20 annualized dividend and a yield of 4.10%. Williams Companies’s payout ratio is presently 210.53%.
In related news, CEO Alan S. Armstrong bought 6,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average price of $27.23 per share, for a total transaction of $163,380.00. Following the completion of the purchase, the chief executive officer now directly owns 345,527 shares of the company’s stock, valued at $9,408,700.21. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robyn L. Ewing sold 9,913 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $29.99, for a total value of $297,290.87. Following the completion of the sale, the insider now owns 27,090 shares in the company, valued at approximately $812,429.10. The disclosure for this sale can be found here. Insiders sold 283,501 shares of company stock worth $8,590,124 in the last 90 days. Company insiders own 0.53% of the company’s stock.
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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