The Williams Companies Inc (WMB) Stake Boosted by Pictet Asset Management Ltd.

The Williams Companies Inc (WMB) Stake Boosted by Pictet Asset Management Ltd.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Xact Kapitalforvaltning AB boosted its position in shares of Williams Companies by 28.1% in the first quarter. Xact Kapitalforvaltning AB now owns 64,781 shares of the pipeline company’s stock worth $1,917,000 after buying an additional 14,196 shares during the period. Comerica Bank raised its stake in Williams Companies by 16.5% in the first quarter. Comerica Bank now owns 251,603 shares of the pipeline company’s stock valued at $7,737,000 after buying an additional 35,657 shares in the last quarter. Ray Gerald L & Associates Ltd. raised its stake in Williams Companies by 13.5% in the first quarter. Ray Gerald L & Associates Ltd. now owns 23,941 shares of the pipeline company’s stock valued at $708,000 after buying an additional 2,848 shares in the last quarter. Aspen Investment Management Inc raised its stake in Williams Companies by 4.1% in the first quarter. Aspen Investment Management Inc now owns 14,083 shares of the pipeline company’s stock valued at $417,000 after buying an additional 550 shares in the last quarter. Finally, Texas Yale Capital Corp. raised its stake in Williams Companies by 3.1% in the first quarter. Texas Yale Capital Corp. now owns 33,000 shares of the pipeline company’s stock valued at $976,000 after buying an additional 1,000 shares in the last quarter. 80.63% of the stock is owned by institutional investors.

Pictet Asset Management Ltd. increased its position in shares of Williams Companies Inc (NYSE:WMB) by 29.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 465,297 shares of the pipeline company’s stock after buying an additional 105,415 shares during the period. Pictet Asset Management Ltd. owned 0.06% of Williams Companies worth $13,768,000 as of its most recent SEC filing.

Williams Companies Inc (NYSE:WMB) opened at 28.88 on Monday. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 1925.33 and a beta of 1.35. The stock has a 50 day moving average of $30.14 and a 200 day moving average of $29.68. Williams Companies Inc has a 12-month low of $19.60 and a 12-month high of $32.69.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. Williams Companies had a return on equity of 22.86% and a net margin of 28.62%. During the same quarter last year, the firm posted $0.03 earnings per share. Equities research analysts anticipate that Williams Companies Inc will post $0.98 earnings per share for the current year. The business also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Friday, June 9th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.16%. The ex-dividend date is Wednesday, June 7th. Williams Companies’s payout ratio is presently -53.69%.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. Williams Companies had a return on equity of 22.86% and a net margin of 28.62%. During the same quarter last year, the firm posted $0.03 earnings per share. Equities research analysts anticipate that Williams Companies Inc will post $0.98 earnings per share for the current year. A number of brokerages recently issued reports on WMB. Citigroup Inc upgraded shares of Williams Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $32.00 to $36.00 in a research report on Friday, April 7th. BMO Capital Markets restated a “buy” rating and set a $32.00 target price on shares of Williams Companies in a research report on Wednesday, May 3rd. Jefferies Group LLC restated a “buy” rating and set a $34.00 target price on shares of Williams Companies in a research report on Friday, March 31st. Goldman Sachs Group Inc upgraded shares of Williams Companies from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, March 1st. Finally, Scotiabank reiterated a “hold” rating and issued a $30.00 price target on shares of Williams Companies in a report on Thursday, April 27th. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Williams Companies has a consensus rating of “Buy” and an average price target of $32.32.

In related news, Director Michael A. Creel purchased 5,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was acquired at an average cost of $29.67 per share, with a total value of $148,350.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $148,350. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ted T. Timmermans sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $30.73, for a total value of $30,730.00. Following the completion of the transaction, the vice president now owns 13,094 shares of the company’s stock, valued at approximately $402,378.62. The disclosure for this sale can be found here. Insiders have sold a total of 92,561 shares of company stock worth $2,876,240 over the last 90 days. Company insiders own 0.53% of the company’s stock. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WMB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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