Williams Companies, Inc. (The) (WMB) Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia boosted its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 254.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,069,920 shares of the pipeline company’s stock after buying an additional 767,816 shares during the period. Bank of Nova Scotia owned 0.13% of Williams Companies, Inc. (The) worth $32,398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of WMB. Oxford Asset Management purchased a new stake in Williams Companies, Inc. (The) in the first quarter worth about $467,000. Victory Capital Management Inc. lifted its holdings in Williams Companies, Inc. (The) by 16.9% in the first quarter. Victory Capital Management Inc. now owns 15,022 shares of the pipeline company’s stock worth $445,000 after buying an additional 2,172 shares during the period. AXA lifted its holdings in Williams Companies, Inc. (The) by 112.5% in the first quarter. AXA now owns 74,119 shares of the pipeline company’s stock worth $2,194,000 after buying an additional 39,246 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Williams Companies, Inc. (The) by 20.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 26,330 shares of the pipeline company’s stock worth $779,000 after buying an additional 4,540 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Williams Companies, Inc. (The) by 30.2% in the first quarter. Van ECK Associates Corp now owns 17,674 shares of the pipeline company’s stock worth $523,000 after buying an additional 4,096 shares during the period. Institutional investors and hedge funds own 84.69% of the company’s stock.

Several analysts have commented on the stock. BidaskClub lowered shares of Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Williams Companies, Inc. (The) in a report on Thursday, August 10th. Royal Bank Of Canada lifted their target price on shares of Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Zacks Investment Research lowered shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets set a $32.00 target price on shares of Williams Companies, Inc. (The) and gave the company a “buy” rating in a report on Thursday, June 15th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $34.00.

Williams Companies, Inc. (NYSE:WMB) traded up 0.47% during trading on Wednesday, hitting $30.17. 618,296 shares of the stock traded hands. The firm has a 50-day moving average price of $29.99 and a 200 day moving average price of $30.07. Williams Companies, Inc. has a 12 month low of $27.35 and a 12 month high of $32.69. The firm has a market cap of $24.94 billion, a PE ratio of 49.46 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last posted 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). 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 for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the company earned $0.19 EPS. On average, equities analysts forecast that Williams Companies, Inc. will post $0.84 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Friday, September 8th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.20 dividend on an annualized basis and a yield of 4.00%. Williams Companies, Inc. (The)’s payout ratio is 196.72%.

In related news, insider Donald R. Chappel sold 272,088 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $30.32, for a total transaction of $8,249,708.16. Following the completion of the sale, the insider now owns 60,032 shares of the company’s stock, valued at $1,820,170.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ted T. Timmermans sold 2,000 shares of 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 transaction of $61,320.00. Following the sale, the vice president now directly owns 11,094 shares of the company’s stock, valued at approximately $340,142.04. The disclosure for this sale can be found here. Insiders have sold 284,001 shares of company stock valued at $8,608,319 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

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Williams Companies, Inc. (The) Company Profile

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.

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

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