Williams Companies Inc (WMB) Stake Increased by Comerica Bank

Comerica Bank increased its stake in shares of Williams Companies Inc (NYSE:WMB) by 12.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 335,379 shares of the pipeline company’s stock after purchasing an additional 36,710 shares during the period. Comerica Bank’s holdings in Williams Companies were worth $8,687,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IFM Investors Pty Ltd increased its position in shares of Williams Companies by 46.0% during the second quarter. IFM Investors Pty Ltd now owns 37,243 shares of the pipeline company’s stock worth $1,010,000 after purchasing an additional 11,727 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Williams Companies by 19.9% during the second quarter. State of Alaska Department of Revenue now owns 112,072 shares of the pipeline company’s stock worth $3,037,000 after purchasing an additional 18,630 shares in the last quarter. Gateway Investment Advisers LLC acquired a new position in shares of Williams Companies during the second quarter worth $989,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Williams Companies by 68.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 235,912 shares of the pipeline company’s stock worth $6,396,000 after purchasing an additional 95,866 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. increased its position in shares of Williams Companies by 29.9% during the second quarter. NN Investment Partners Holdings N.V. now owns 421,201 shares of the pipeline company’s stock worth $11,419,000 after purchasing an additional 96,944 shares in the last quarter. 88.44% of the stock is owned by hedge funds and other institutional investors.

In other Williams Companies news, insider Chad J. Zamarin purchased 2,500 shares of the stock in a transaction on Tuesday, November 6th. The shares were bought at an average cost of $25.69 per share, with a total value of $64,225.00. Following the completion of the acquisition, the insider now owns 28,970 shares in the company, valued at $744,239.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John D. Chandler purchased 10,000 shares of the stock in a transaction on Friday, November 2nd. The stock was acquired at an average cost of $25.94 per share, for a total transaction of $259,400.00. Following the completion of the acquisition, the insider now owns 26,582 shares of the company’s stock, valued at approximately $689,537.08. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 38,500 shares of company stock worth $993,625. 0.53% of the stock is owned by insiders.

NYSE WMB opened at $25.33 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.66 and a current ratio of 0.72. Williams Companies Inc has a 1 year low of $23.54 and a 1 year high of $33.67. The firm has a market capitalization of $21.31 billion, a P/E ratio of 40.21, a PEG ratio of 5.14 and a beta of 1.57.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the firm earned $0.04 EPS. On average, analysts expect that Williams Companies Inc will post 0.77 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 5.37%. The ex-dividend date is Thursday, December 13th. Williams Companies’s payout ratio is 215.87%.

A number of equities analysts have recently issued reports on the company. Bank of America reduced their price target on Williams Companies from $38.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. US Capital Advisors raised Williams Companies from a “hold” rating to an “overweight” rating in a research report on Wednesday, October 17th. ValuEngine raised Williams Companies from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Zacks Investment Research raised Williams Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Morgan Stanley set a $35.00 price target on Williams Companies and gave the stock an “overweight” rating in a research report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $33.07.

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Williams Companies Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

See Also: Return on Investment (ROI)

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

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