Rare Infrastructure Ltd boosted its stake in shares of Williams Companies Inc (NYSE:WMB) by 23.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,333,554 shares of the pipeline company’s stock after acquiring an additional 636,692 shares during the period. Williams Companies comprises approximately 8.0% of Rare Infrastructure Ltd’s holdings, making the stock its 4th biggest holding. Rare Infrastructure Ltd’s holdings in Williams Companies were worth $101,641,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. QS Investors LLC increased its position in shares of Williams Companies by 6.2% in the fourth quarter. QS Investors LLC now owns 91,624 shares of the pipeline company’s stock worth $2,794,000 after acquiring an additional 5,341 shares in the last quarter. Virtue Capital Management LLC acquired a new stake in Williams Companies during the 4th quarter valued at $733,000. Wolverine Asset Management LLC acquired a new stake in Williams Companies during the 4th quarter valued at $362,000. Clearbridge Investments LLC grew its holdings in Williams Companies by 11.3% during the 4th quarter. Clearbridge Investments LLC now owns 10,568,640 shares of the pipeline company’s stock valued at $322,238,000 after purchasing an additional 1,075,388 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its holdings in Williams Companies by 47.9% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 4,464,764 shares of the pipeline company’s stock valued at $136,116,000 after purchasing an additional 1,445,904 shares in the last quarter. 85.56% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. Scotiabank reaffirmed a “hold” rating and set a $36.00 price target on shares of Williams Companies in a report on Monday, January 29th. JPMorgan Chase & Co. raised shares of Williams Companies from a “neutral” rating to an “overweight” rating in a report on Friday. Barclays lowered shares of Williams Companies from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $36.00 to $35.00 in a report on Wednesday, January 17th. ValuEngine lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $35.27.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a net margin of 27.07% and a return on equity of 3.38%. During the same period last year, the firm posted ($0.02) EPS. equities analysts predict that Williams Companies Inc will post 0.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be given a $0.34 dividend. The ex-dividend date is Thursday, March 8th. This is an increase from Williams Companies’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 4.86%. Williams Companies’s dividend payout ratio (DPR) is currently 51.91%.
In other Williams Companies news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $28.28, for a total transaction of $56,560.00. Following the transaction, the vice president now owns 17,945 shares of the company’s stock, valued at approximately $507,484.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kathleen B. Cooper sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $28.31, for a total transaction of $113,240.00. Following the transaction, the director now directly owns 45,465 shares in the company, valued at approximately $1,287,114.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,915 shares of company stock worth $1,057,995. 0.53% of the stock is currently owned by insiders.
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Williams Companies 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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