Williams Companies Inc (WMB) Shares Sold by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio cut its stake in Williams Companies Inc (NYSE:WMB) by 2.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 360,215 shares of the pipeline company’s stock after selling 9,606 shares during the period. Public Employees Retirement System of Ohio’s holdings in Williams Companies were worth $10,810,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Duff & Phelps Investment Management Co. boosted its stake in Williams Companies by 4.6% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,161,934 shares of the pipeline company’s stock worth $34,870,000 after purchasing an additional 51,325 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Williams Companies by 19.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,100,909 shares of the pipeline company’s stock worth $366,414,000 after buying an additional 1,975,398 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Williams Companies during the 3rd quarter worth about $2,848,000. Vaughan David Investments Inc. IL boosted its stake in shares of Williams Companies by 32.2% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 509,104 shares of the pipeline company’s stock worth $24,091,000 after buying an additional 124,051 shares during the last quarter. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Williams Companies during the 3rd quarter worth about $318,000. 84.77% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on WMB shares. Morgan Stanley reduced their price objective 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. Royal Bank of Canada restated a “buy” rating and set a $36.00 price objective on shares of Williams Companies in a research note on Monday, October 16th. BidaskClub upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Wolfe Research started coverage on shares of Williams Companies in a research note on Monday, September 25th. They set an “outperform” rating and a $34.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $33.83.
Williams Companies (NYSE:WMB) last issued 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). Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. equities analysts predict that Williams Companies Inc will post 0.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 8th will be paid a $0.30 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.20 annualized dividend and a yield of 3.99%. Williams Companies’s dividend payout ratio (DPR) is currently 210.53%.
In other Williams Companies news, insider Donald R. Chappel sold 272,088 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $30.32, for a total value of $8,249,708.16. Following the transaction, the insider now directly owns 60,032 shares of the company’s stock, valued at approximately $1,820,170.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robyn L. Ewing sold 9,913 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $29.99, for a total transaction of $297,290.87. Following the completion of the transaction, the insider now directly owns 27,090 shares in the company, valued at $812,429.10. The disclosure for this sale can be found here. Insiders sold a total of 283,501 shares of company stock valued at $8,590,124 over the last quarter. 0.50% of the stock is currently owned by company insiders.
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Williams Companies Company Profile
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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