Nomura Asset Management Co. Ltd. Trims Holdings in The Williams Companies, Inc. (NYSE:WMB)

Nomura Asset Management Co. Ltd. trimmed its position in The Williams Companies, Inc. (NYSE:WMBFree Report) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 378,624 shares of the pipeline company’s stock after selling 3,338 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Williams Companies were worth $12,756,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its position in shares of Williams Companies by 96,588.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 63,423,739 shares of the pipeline company’s stock worth $2,086,641,000 after buying an additional 63,358,143 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Williams Companies by 2.6% during the second quarter. Geode Capital Management LLC now owns 27,149,522 shares of the pipeline company’s stock valued at $883,679,000 after purchasing an additional 686,381 shares during the period. Clearbridge Investments LLC grew its holdings in Williams Companies by 6.6% during the second quarter. Clearbridge Investments LLC now owns 23,515,457 shares of the pipeline company’s stock worth $767,309,000 after acquiring an additional 1,451,317 shares during the period. Morgan Stanley grew its holdings in Williams Companies by 0.7% during the fourth quarter. Morgan Stanley now owns 19,750,630 shares of the pipeline company’s stock worth $649,796,000 after acquiring an additional 136,216 shares during the period. Finally, Royal Bank of Canada increased its stake in Williams Companies by 85.8% in the 1st quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock worth $546,327,000 after purchasing an additional 7,551,749 shares in the last quarter. 85.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WMB has been the subject of a number of research reports. Barclays raised their price objective on Williams Companies from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. StockNews.com started coverage on Williams Companies in a report on Thursday, October 5th. They set a “hold” rating for the company. Mizuho lifted their price target on Williams Companies from $41.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, The Goldman Sachs Group began coverage on Williams Companies in a report on Thursday, October 5th. They set a “neutral” rating and a $35.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.50.

Check Out Our Latest Report on Williams Companies

Williams Companies Price Performance

Williams Companies stock traded up $0.43 on Friday, reaching $34.87. The company’s stock had a trading volume of 6,233,010 shares, compared to its average volume of 6,828,101. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.72 and a current ratio of 0.77. The company has a market cap of $42.42 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 5.08 and a beta of 1.10. The business’s fifty day moving average price is $35.26 and its 200 day moving average price is $34.71. The Williams Companies, Inc. has a twelve month low of $27.80 and a twelve month high of $37.45.

Williams Companies (NYSE:WMBGet Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. Williams Companies had a return on equity of 16.90% and a net margin of 24.52%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. Equities analysts expect that The Williams Companies, Inc. will post 2.13 earnings per share for the current fiscal year.

Williams Companies Company Profile

(Free Report)

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, West, and Gas & NGL Marketing Services 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, as well as various petrochemical and feedstock pipelines.

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

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