Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Williams Companies Inc (NYSE:WMB) by 40.6% in the third quarter, HoldingsChannel.com reports. The fund owned 83,075 shares of the pipeline company’s stock after purchasing an additional 23,976 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Williams Companies were worth $2,258,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Tredje AP fonden lifted its holdings in Williams Companies by 97.9% during the 2nd quarter. Tredje AP fonden now owns 307,565 shares of the pipeline company’s stock valued at $8,338,000 after purchasing an additional 152,119 shares during the last quarter. Marshall Wace LLP lifted its holdings in Williams Companies by 764.2% during the 2nd quarter. Marshall Wace LLP now owns 166,746 shares of the pipeline company’s stock valued at $4,520,000 after purchasing an additional 147,452 shares during the last quarter. Linscomb & Williams Inc. bought a new position in Williams Companies during the 2nd quarter valued at about $3,708,000. Swiss National Bank lifted its holdings in Williams Companies by 3.1% during the 2nd quarter. Swiss National Bank now owns 2,735,241 shares of the pipeline company’s stock valued at $74,152,000 after purchasing an additional 82,700 shares during the last quarter. Finally, Argent Trust Co bought a new position in Williams Companies during the 2nd quarter valued at about $1,320,000. 86.72% of the stock is owned by institutional investors.
WMB opened at $26.74 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of 42.44, a P/E/G ratio of 4.60 and a beta of 1.53. Williams Companies Inc has a 1-year low of $24.00 and a 1-year high of $33.67.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 24th. Shareholders of record on Friday, September 7th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 5.09%. The ex-dividend date was Thursday, September 6th. Williams Companies’s payout ratio is presently 215.87%.
Several brokerages recently issued reports on WMB. US Capital Advisors raised shares of Williams Companies from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine raised shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research raised shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Morgan Stanley set a $35.00 price target on shares of Williams Companies and gave the company an “overweight” rating in a report on Thursday, August 16th. Finally, UBS Group lifted their price target on shares of Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, August 10th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $32.87.
In other Williams Companies news, VP Ted T. Timmermans sold 20,267 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $32.00, for a total value of $648,544.00. Following the completion of the sale, the vice president now owns 9,955 shares in the company, valued at approximately $318,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Frank J. Ferazzi sold 1,100 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $31.31, for a total transaction of $34,441.00. Following the completion of the sale, the senior vice president now owns 15,037 shares of the company’s stock, valued at approximately $470,808.47. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.
About Williams Companies
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.
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