BNP Paribas Arbitrage SA Has $39.02 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

BNP Paribas Arbitrage SA raised its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 65.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,469,703 shares of the pipeline company’s stock after purchasing an additional 581,898 shares during the period. BNP Paribas Arbitrage SA’s holdings in The Williams Companies were worth $39,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in The Williams Companies by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 21,838,648 shares of the pipeline company’s stock valued at $516,119,000 after purchasing an additional 463,687 shares during the period. Tortoise Capital Advisors L.L.C. lifted its position in The Williams Companies by 1,368.4% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 18,962,925 shares of the pipeline company’s stock valued at $449,232,000 after purchasing an additional 17,671,486 shares during the period. Northern Trust Corp lifted its position in The Williams Companies by 3.6% during the 1st quarter. Northern Trust Corp now owns 13,896,511 shares of the pipeline company’s stock valued at $329,209,000 after purchasing an additional 483,288 shares during the period. Morgan Stanley lifted its position in The Williams Companies by 2.7% during the 1st quarter. Morgan Stanley now owns 9,525,555 shares of the pipeline company’s stock valued at $225,659,000 after purchasing an additional 252,746 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in The Williams Companies by 9.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 7,851,186 shares of the pipeline company’s stock valued at $185,995,000 after purchasing an additional 688,506 shares during the period. Institutional investors own 83.54% of the company’s stock.

A number of analysts recently weighed in on WMB shares. Royal Bank of Canada increased their price target on shares of The Williams Companies from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Wednesday, May 19th. Zacks Investment Research downgraded shares of The Williams Companies from a “hold” rating to a “sell” rating and set a $26.00 price target on the stock. in a research report on Tuesday, August 17th. Wells Fargo & Company increased their price target on shares of The Williams Companies from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, June 24th. Raymond James increased their price target on shares of The Williams Companies from $28.00 to $30.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 21st. Finally, Credit Suisse Group increased their price target on shares of The Williams Companies from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, May 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $27.33.

Shares of WMB opened at $24.75 on Wednesday. The stock has a market capitalization of $30.07 billion, a P/E ratio of 26.33, a P/E/G ratio of 4.12 and a beta of 1.49. The Williams Companies, Inc. has a twelve month low of $18.26 and a twelve month high of $28.35. The company has a 50 day moving average of $25.00 and a 200-day moving average of $25.11. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.48.

The Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Sunday, August 1st. The pipeline company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.07 billion. The Williams Companies had a return on equity of 10.13% and a net margin of 12.94%. The Williams Companies’s revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 27th. Stockholders of record on Friday, September 10th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $1.64 annualized dividend and a dividend yield of 6.63%. The Williams Companies’s dividend payout ratio is currently 149.09%.

The Williams Companies declared that its Board of Directors has authorized a stock repurchase program on Wednesday, September 8th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the pipeline company to purchase up to 5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

About The Williams Companies

The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico; Northeast G&P; and West. The Transmission and Gulf of Mexico segment comprises of interstate natural gas pipelines, Transco and Northwest Pipeline, as well as 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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