Wellington Shields Capital Management LLC reduced its stake in Williams Companies Inc (NYSE:WMB) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,156 shares of the pipeline company’s stock after selling 5,632 shares during the period. Wellington Shields Capital Management LLC’s holdings in Williams Companies were worth $2,612,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in WMB. Truvestments Capital LLC grew its stake in shares of Williams Companies by 360.6% in the 2nd quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 750 shares during the period. Trustcore Financial Services LLC bought a new stake in shares of Williams Companies in the 1st quarter valued at approximately $29,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Williams Companies in the 2nd quarter worth approximately $30,000. Cornerstone Advisors Inc. boosted its holdings in shares of Williams Companies by 75.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,302 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 562 shares in the last quarter. Finally, Hanson McClain Inc. boosted its holdings in shares of Williams Companies by 100.0% in the 1st quarter. Hanson McClain Inc. now owns 1,500 shares of the pipeline company’s stock worth $43,000 after acquiring an additional 750 shares in the last quarter. Institutional investors own 88.03% of the company’s stock.
NYSE:WMB traded up $0.30 during trading hours on Thursday, hitting $23.63. 2,983,412 shares of the stock were exchanged, compared to its average volume of 10,114,619. The company’s 50 day moving average is $25.24 and its two-hundred day moving average is $27.12. Williams Companies Inc has a twelve month low of $20.36 and a twelve month high of $30.19. The company has a quick ratio of 0.56, a current ratio of 0.60 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $27.79 billion, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 3.63 and a beta of 1.56.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 6.43%. The ex-dividend date is Thursday, September 12th. Williams Companies’s dividend payout ratio is 192.41%.
WMB has been the topic of several recent analyst reports. Barclays reissued a “buy” rating and issued a $32.00 target price on shares of Williams Companies in a report on Thursday, July 18th. Argus downgraded Williams Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Citigroup reduced their target price on Williams Companies from $31.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Sanford C. Bernstein downgraded Williams Companies from an “outperform” rating to a “market perform” rating and set a $25.00 target price on the stock. in a report on Sunday, August 4th. Finally, Raymond James raised Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Wednesday, June 26th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $30.08.
In related news, SVP Terrance Lane Wilson purchased 4,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $23.60 per share, with a total value of $94,400.00. Following the purchase, the senior vice president now directly owns 43,726 shares in the company, valued at approximately $1,031,933.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen I. Chazen purchased 10,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $23.93 per share, for a total transaction of $239,300.00. Following the purchase, the director now owns 55,730 shares in the company, valued at $1,333,618.90. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 44,000 shares of company stock worth $1,028,200. Company insiders own 0.26% of the company’s stock.
Williams Companies Profile
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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