Forsta AP Fonden Buys Shares of 627,600 Williams Companies, Inc. (The) (WMB)

Forsta AP Fonden acquired a new position in Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 627,600 shares of the pipeline company’s stock, valued at approximately $19,004,000. Forsta AP Fonden owned about 0.08% of Williams Companies, Inc. (The) as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Country Club Trust Company n.a. raised its position in Williams Companies, Inc. (The) by 2.9% in the first quarter. Country Club Trust Company n.a. now owns 7,127 shares of the pipeline company’s stock worth $211,000 after buying an additional 204 shares during the period. Gulf International Bank UK Ltd raised its position in Williams Companies, Inc. (The) by 15.6% in the first quarter. Gulf International Bank UK Ltd now owns 252,958 shares of the pipeline company’s stock worth $7,485,000 after buying an additional 34,071 shares during the period. Exxonmobil Investment Management Inc. TX raised its position in Williams Companies, Inc. (The) by 16.0% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 183,387 shares of the pipeline company’s stock worth $5,426,000 after buying an additional 25,235 shares during the period. Raymond James Trust N.A. raised its position in Williams Companies, Inc. (The) by 71.2% in the first quarter. Raymond James Trust N.A. now owns 12,526 shares of the pipeline company’s stock worth $371,000 after buying an additional 5,210 shares during the period. Finally, Trust Co raised its position in Williams Companies, Inc. (The) by 0.5% in the fourth quarter. Trust Co now owns 41,650 shares of the pipeline company’s stock worth $1,297,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Shares of Williams Companies, Inc. (NYSE WMB) traded down 0.03% during midday trading on Friday, reaching $29.07. The company had a trading volume of 4,842,778 shares. The company has a market capitalization of $24.03 billion, a PE ratio of 45.85 and a beta of 1.38. Williams Companies, Inc. has a one year low of $26.89 and a one year high of $32.69. The company has a 50 day moving average of $30.84 and a 200 day moving average of $29.72.

Williams Companies, Inc. (The) (NYSE:WMB) last released its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.06. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.26 billion. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. During the same period in the prior year, the company earned $0.19 EPS. Analysts predict that Williams Companies, Inc. will post $1.01 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be paid a $0.30 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.20 dividend on an annualized basis and a yield of 4.13%. Williams Companies, Inc. (The)’s dividend payout ratio is presently 196.72%.

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A number of research firms have commented on WMB. BidaskClub upgraded Williams Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Scotiabank set a $30.00 price target on Williams Companies, Inc. (The) and gave the company a “hold” rating in a research note on Saturday, July 22nd. Barclays PLC upgraded Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $33.00 to $36.00 in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada lifted their price target on Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $34.00.

In related news, CEO Alan S. Armstrong acquired 15,000 shares of Williams Companies, Inc. (The) stock in a transaction dated Thursday, June 15th. The shares were purchased at an average cost of $28.60 per share, with a total value of $429,000.00. Following the completion of the purchase, the chief executive officer now owns 345,527 shares of the company’s stock, valued at $9,882,072.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $30.66, for a total value of $61,320.00. Following the transaction, the vice president now directly owns 11,094 shares in the company, valued at $340,142.04. The disclosure for this sale can be found here. Insiders have bought 37,750 shares of company stock worth $1,076,480 over the last ninety days. Insiders own 0.53% of the company’s stock.

About Williams Companies, Inc. (The)

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.

Institutional Ownership by Quarter for Williams Companies, Inc. (The) (NYSE:WMB)

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