Tokio Marine Asset Management Co. Ltd. Boosts Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.8% in the third quarter, Holdings Channel reports. The institutional investor owned 35,494 shares of the pipeline company’s stock after buying an additional 1,300 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Williams Companies were worth $1,620,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WMB. CVA Family Office LLC raised its holdings in Williams Companies by 18.7% during the third quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock valued at $72,000 after acquiring an additional 249 shares during the period. Rosenberg Matthew Hamilton raised its stake in Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in Williams Companies by 2.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock worth $395,000 after purchasing an additional 257 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Williams Companies by 0.8% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock worth $1,326,000 after purchasing an additional 260 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in Williams Companies by 3.5% in the 3rd quarter. Whittier Trust Co. now owns 8,061 shares of the pipeline company’s stock worth $368,000 after purchasing an additional 275 shares during the period. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Performance

Williams Companies stock opened at $55.58 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The firm has a market capitalization of $67.75 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 5.73 and a beta of 1.03. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $57.33. The company’s 50-day moving average is $49.48 and its 200 day moving average is $44.74.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. Research analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.42%. Williams Companies’s payout ratio is 80.17%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup boosted their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. CIBC raised their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Finally, Barclays upped their price objective on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and a consensus target price of $50.38.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This represents a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.

Williams Companies Company 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, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.