HBK Investments L P lifted its holdings in shares of Williams Companies Inc (NYSE:WMB) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,679,100 shares of the pipeline company’s stock after buying an additional 129,600 shares during the period. Williams Companies comprises 0.5% of HBK Investments L P’s holdings, making the stock its 17th largest position. HBK Investments L P owned approximately 0.20% of Williams Companies worth $51,196,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. 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. Zeke Capital Advisors LLC acquired a new position in shares of Williams Companies during the 3rd quarter worth about $318,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Williams Companies by 5.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 432,492 shares of the pipeline company’s stock worth $12,979,000 after buying an additional 24,054 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in shares of Williams Companies during the 3rd quarter worth about $760,000. Institutional investors own 86.53% of the company’s stock.
A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Williams Companies from a “neutral” rating to an “overweight” rating in a research note on Friday. Zacks Investment Research upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Thursday. UBS Group restated a “buy” rating and set a $36.00 price objective (down from $37.00) on shares of Williams Companies in a research note on Friday, March 2nd. ValuEngine downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, Scotiabank reiterated a “hold” rating and issued a $36.00 target price on shares of Williams Companies in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. Williams Companies presently has a consensus rating of “Buy” and an average target price of $35.27.
Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a net margin of 27.07% and a return on equity of 3.38%. During the same period last year, the business posted ($0.02) EPS. equities analysts predict that Williams Companies Inc will post 0.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be issued a $0.34 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 4.86%. The ex-dividend date is Thursday, March 8th. Williams Companies’s dividend payout ratio is currently 51.91%.
In other Williams Companies news, Director Kathleen B. Cooper sold 4,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $28.31, for a total value of $113,240.00. Following the transaction, the director now directly owns 45,465 shares of the company’s stock, valued at approximately $1,287,114.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James E. Scheel sold 26,915 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $33.00, for a total transaction of $888,195.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,915 shares of company stock worth $1,057,995. Insiders own 0.50% of the company’s stock.
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Williams Companies 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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