World Asset Management Inc Reduces Holdings in The Williams Companies, Inc. (NYSE:WMB)

World Asset Management Inc decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.2% during the third quarter, Holdings Channel.com reports. The fund owned 35,780 shares of the pipeline company’s stock after selling 1,182 shares during the period. World Asset Management Inc’s holdings in Williams Companies were worth $928,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC grew its stake in shares of Williams Companies by 2.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 1,712,258 shares of the pipeline company’s stock worth $44,418,000 after acquiring an additional 39,642 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Williams Companies by 34.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,145,000 shares of the pipeline company’s stock worth $29,701,000 after acquiring an additional 292,373 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Williams Companies by 43.4% during the third quarter. Orion Portfolio Solutions LLC now owns 14,927 shares of the pipeline company’s stock worth $387,000 after acquiring an additional 4,516 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Williams Companies by 2.1% during the third quarter. Alliancebernstein L.P. now owns 1,890,490 shares of the pipeline company’s stock worth $49,039,000 after acquiring an additional 39,753 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in shares of Williams Companies by 102.7% during the third quarter. Jupiter Asset Management Ltd. now owns 53,449 shares of the pipeline company’s stock worth $1,386,000 after acquiring an additional 27,075 shares during the last quarter. Institutional investors and hedge funds own 83.78% of the company’s stock.

Shares of WMB stock opened at $29.29 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.58 and a quick ratio of 0.51. The company has a market cap of $35.59 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 6.81 and a beta of 1.40. The stock has a 50 day simple moving average of $27.29 and a 200-day simple moving average of $26.52. The Williams Companies, Inc. has a 1-year low of $21.05 and a 1-year high of $29.89.

Williams Companies (NYSE:WMB) last announced its earnings results on Sunday, October 31st. The pipeline company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.06. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.09 billion. Williams Companies had a return on equity of 10.84% and a net margin of 10.67%. The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. Analysts anticipate that The Williams Companies, Inc. will post 1.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 27th. Stockholders of record on Friday, December 10th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 5.60%. The ex-dividend date was Thursday, December 9th. Williams Companies’s payout ratio is 200.00%.

A number of equities research analysts recently commented on WMB shares. Raymond James upped their target price on Williams Companies from $30.00 to $33.00 and gave the company a “strong-buy” rating in a research report on Monday, October 18th. Royal Bank of Canada upped their target price on Williams Companies from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 3rd. TD Securities upped their target price on Williams Companies from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 4th. Credit Suisse Group upped their target price on Williams Companies from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, November 11th. Finally, Wells Fargo & Company upped their target price on Williams Companies from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, December 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Williams Companies has an average rating of “Buy” and an average price target of $30.27.

Williams Companies Profile

The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico; Northeast G&P; and West. The Transmission and Gulf of Mexico segment comprises of interstate natural gas pipelines, Transco and Northwest Pipeline, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.

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

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