24,117 Shares in Williams Companies, Inc. (The) (WMB) Acquired by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the first quarter, according to its most recent disclosure with the SEC. The firm acquired 24,117 shares of the pipeline company’s stock, valued at approximately $713,000.

Other hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in shares of Williams Companies, Inc. (The) by 5.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 23,490 shares of the pipeline company’s stock valued at $731,000 after buying an additional 1,220 shares during the last quarter. Wealthfront Inc. boosted its stake in shares of Williams Companies, Inc. (The) by 6.2% in the fourth quarter. Wealthfront Inc. now owns 17,837 shares of the pipeline company’s stock valued at $555,000 after buying an additional 1,045 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Williams Companies, Inc. (The) by 70.7% in the fourth quarter. Teachers Advisors LLC now owns 4,341,860 shares of the pipeline company’s stock valued at $135,206,000 after buying an additional 1,797,702 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in shares of Williams Companies, Inc. (The) during the fourth quarter valued at about $1,544,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Williams Companies, Inc. (The) during the fourth quarter valued at about $689,000. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Williams Companies, Inc. (NYSE WMB) traded down 0.03% during mid-day trading on Friday, reaching $29.07. The company had a trading volume of 4,842,778 shares. Williams Companies, Inc. has a 52-week low of $26.89 and a 52-week high of $32.69. The stock has a market capitalization of $24.03 billion, a price-to-earnings ratio of 45.85 and a beta of 1.38. The company’s 50 day moving average is $30.84 and its 200 day moving average is $29.72.

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

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

WARNING: “24,117 Shares in Williams Companies, Inc. (The) (WMB) Acquired by Wellington Management Group LLP” was first published by BNB Daily and is the property of of BNB Daily. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.baseball-news-blog.com/2017/08/19/wellington-management-group-llp-acquires-shares-of-24117-williams-companies-inc-the-wmb-updated-updated-updated.html.

A number of analysts have recently weighed in on the company. BidaskClub cut Williams Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Saturday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Williams Companies, Inc. (The) in a research report on Thursday, August 10th. Royal Bank Of Canada increased their price target on Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Zacks Investment Research cut Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Scotiabank set a $30.00 price target on Williams Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Williams Companies, Inc. (The) presently has a consensus rating of “Buy” and a consensus price target of $34.00.

In other news, VP Ted T. Timmermans sold 2,000 shares of Williams Companies, Inc. (The) stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $30.66, for a total value of $61,320.00. Following the completion of the transaction, the vice president now owns 11,094 shares in the company, valued at $340,142.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen W. Bergstrom bought 17,750 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was purchased at an average price of $28.12 per share, with a total value of $499,130.00. Following the purchase, the director now directly owns 17,750 shares of the company’s stock, valued at approximately $499,130. The disclosure for this purchase can be found here. Insiders bought 37,750 shares of company stock valued at $1,076,480 in the last quarter. 0.53% of the stock is currently owned by corporate insiders.

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)

Receive News & Ratings for Williams Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply