Sumitomo Mitsui Trust Holdings Inc. increased its stake in Williams Cos. (NYSE:WMB) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 1,998,319 shares of the company’s stock after buying an additional 45,184 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Williams Cos. were worth $43,224,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. Groesbeck Investment Management Corp NJ raised its stake in shares of Williams Cos. by 1.4% in the first quarter. Groesbeck Investment Management Corp NJ now owns 121,458 shares of the company’s stock valued at $1,952,000 after buying an additional 1,684 shares during the last quarter. Chubb Ltd. acquired a new position in Williams Cos. during the first quarter worth $5,625,000. Pictet Asset Management Ltd. raised its position in Williams Cos. by 2.2% in the first quarter. Pictet Asset Management Ltd. now owns 369,782 shares of the company’s stock worth $5,913,000 after buying an additional 7,800 shares in the last quarter. Omni Partners LLP acquired a new position in Williams Cos. during the first quarter worth $2,449,000. Finally, UBS Asset Management Americas Inc. raised its position in Williams Cos. by 4.0% in the first quarter. UBS Asset Management Americas Inc. now owns 1,759,903 shares of the company’s stock worth $28,282,000 after buying an additional 67,745 shares in the last quarter. Institutional investors own 83.73% of the company’s stock.
Shares of Williams Cos. (NYSE:WMB) traded up 0.58% on Tuesday, reaching $29.24. 4,194,423 shares of the company were exchanged. The stock’s market capitalization is $21.95 billion. The firm’s 50 day moving average price is $29.89 and its 200 day moving average price is $23.84. Williams Cos. has a 52 week low of $10.22 and a 52 week high of $42.17.
Williams Cos. (NYSE:WMB) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.15 EPS. Equities research analysts anticipate that Williams Cos. will post $0.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, September 7th. Williams Cos.’s dividend payout ratio (DPR) is -49.38%.
A number of research analysts recently weighed in on the stock. Citigroup Inc. assumed coverage on shares of Williams Cos. in a research note on Friday, July 22nd. They issued a “neutral” rating and a $26.00 price objective for the company. Tudor Pickering upgraded shares of Williams Cos. from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Zacks Investment Research lowered shares of Williams Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Jefferies Group reiterated a “buy” rating on shares of Williams Cos. in a research note on Monday, June 27th. Finally, Royal Bank Of Canada assumed coverage on shares of Williams Cos. in a research note on Monday, September 26th. They issued an “outperform” rating and a $39.00 price objective for the company. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.82.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $26.23, for a total transaction of $52,460.00. Following the transaction, the vice president now 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. Company 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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