ING Groep NV increased its position in Williams Cos. (NYSE:WMB) by 56.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,425 shares of the company’s stock after buying an additional 37,208 shares during the period. ING Groep NV’s holdings in Williams Cos. were worth $2,236,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Brookfield Asset Management Inc. increased its position in shares of Williams Cos. by 17.3% in the first quarter. Brookfield Asset Management Inc. now owns 5,864,659 shares of the company’s stock worth $94,245,000 after buying an additional 862,971 shares during the last quarter. Advisor Partners LLC increased its position in shares of Williams Cos. by 80.1% in the first quarter. Advisor Partners LLC now owns 16,342 shares of the company’s stock worth $263,000 after buying an additional 7,269 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Williams Cos. during the first quarter worth approximately $594,000. Howard Hughes Medical Institute increased its position in shares of Williams Cos. by 1,484.3% in the first quarter. Howard Hughes Medical Institute now owns 12,991 shares of the company’s stock worth $209,000 after buying an additional 12,171 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Williams Cos. by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 18,245,245 shares of the company’s stock worth $293,201,000 after buying an additional 285,443 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.
Williams Cos. (NYSE:WMB) traded up 1.06% on Wednesday, reaching $30.53. The company had a trading volume of 5,005,711 shares. The firm has a 50 day moving average price of $29.39 and a 200-day moving average price of $23.05. The stock’s market capitalization is $22.92 billion. Williams Cos. has a 12 month low of $10.22 and a 12 month high of $44.51.
Williams Cos. (NYSE:WMB) last released its quarterly earnings results on Monday, August 1st. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. Williams Cos. had a negative net margin of 16.82% and a positive return on equity of 2.14%. During the same period last year, the firm earned $0.15 EPS. Analysts forecast that Williams Cos. will post $0.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Friday, September 9th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. Williams Cos.’s dividend payout ratio is -49.38%.
A number of brokerages recently commented on WMB. Stephens began coverage on Williams Cos. in a research note on Thursday, September 29th. They set an “equal weight” rating and a $32.00 price objective for the company. Zacks Investment Research cut Williams Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Royal Bank Of Canada assumed coverage on Williams Cos. in a research note on Monday, September 26th. They issued an “outperform” rating and a $39.00 price target for the company. RBC Capital Markets assumed coverage on Williams Cos. in a research note on Monday, September 26th. They issued an “outperform” rating and a $39.00 price target for the company. Finally, Argus reissued a “buy” rating and issued a $36.00 price target (up previously from $31.00) on shares of Williams Cos. in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Williams Cos. presently has an average rating of “Buy” and an average price target of $29.36.
In related news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $26.23, for a total transaction of $52,460.00. Following the completion of the sale, the vice president now directly owns 13,803 shares of the company’s stock, valued at approximately $362,052.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.87% of the company’s stock.
Williams Cos. Company Profile
The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.
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