Vontobel Holding Ltd. Increases Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Vontobel Holding Ltd. grew its stake in The Williams Companies, Inc. (NYSE:WMB) by 31.2% in the 1st quarter, Holdings Channel reports. The firm owned 26,531 shares of the pipeline company’s stock after purchasing an additional 6,316 shares during the period. Vontobel Holding Ltd.’s holdings in The Williams Companies were worth $628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in The Williams Companies by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 16,740,416 shares of the pipeline company’s stock worth $335,647,000 after purchasing an additional 922,760 shares in the last quarter. CI Investments Inc. raised its holdings in The Williams Companies by 8.9% in the 4th quarter. CI Investments Inc. now owns 9,593,804 shares of the pipeline company’s stock worth $192,356,000 after purchasing an additional 787,025 shares in the last quarter. Norges Bank bought a new position in The Williams Companies in the 4th quarter worth $182,871,000. UBS Asset Management Americas Inc. raised its holdings in The Williams Companies by 31.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 7,162,680 shares of the pipeline company’s stock worth $143,612,000 after purchasing an additional 1,707,221 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in The Williams Companies by 7.8% in the 1st quarter. Jennison Associates LLC now owns 7,077,228 shares of the pipeline company’s stock worth $167,660,000 after purchasing an additional 514,433 shares in the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.

Several research analysts have commented on WMB shares. Morgan Stanley upped their price objective on shares of The Williams Companies from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Monday, March 22nd. Mizuho increased their price target on shares of The Williams Companies from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, May 5th. Wells Fargo & Company increased their price target on shares of The Williams Companies from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, May 13th. Royal Bank of Canada increased their price target on shares of The Williams Companies from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 19th. Finally, TD Securities increased their price target on shares of The Williams Companies from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, May 5th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The Williams Companies currently has a consensus rating of “Buy” and an average price target of $26.83.

NYSE WMB opened at $27.71 on Friday. The company’s fifty day moving average price is $25.26. The company has a market cap of $33.66 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 4.45 and a beta of 1.50. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.71 and a quick ratio of 0.67. The Williams Companies, Inc. has a 1-year low of $17.48 and a 1-year high of $28.35.

The Williams Companies (NYSE:WMB) last released its quarterly earnings results on Sunday, May 2nd. The pipeline company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $1.89 billion. The Williams Companies had a return on equity of 9.84% and a net margin of 13.70%. The company’s revenue was up 36.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.43) EPS. As a group, analysts expect that The Williams Companies, Inc. will post 1.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 28th. Stockholders of record on Friday, June 11th will be issued a dividend of $0.41 per share. The ex-dividend date is Thursday, June 10th. This represents a $1.64 annualized dividend and a dividend yield of 5.92%. The Williams Companies’s payout ratio is 149.09%.

The Williams Companies Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, and West segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.

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

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