180 Wealth Advisors LLC reduced its stake in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,014 shares of the pipeline company’s stock after selling 315 shares during the period. 180 Wealth Advisors LLC’s holdings in Williams Companies were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in WMB. Brighton Jones LLC lifted its stake in shares of Williams Companies by 40.9% in the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock worth $740,000 after acquiring an additional 3,969 shares during the period. GAMMA Investing LLC raised its holdings in shares of Williams Companies by 8.9% in the 1st quarter. GAMMA Investing LLC now owns 37,458 shares of the pipeline company’s stock worth $2,238,000 after purchasing an additional 3,058 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Williams Companies by 44.6% in the 1st quarter. Spire Wealth Management now owns 6,357 shares of the pipeline company’s stock worth $380,000 after purchasing an additional 1,961 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Williams Companies in the 1st quarter worth approximately $39,000. Finally, Perigon Wealth Management LLC raised its holdings in shares of Williams Companies by 7.7% in the 1st quarter. Perigon Wealth Management LLC now owns 27,475 shares of the pipeline company’s stock worth $1,642,000 after purchasing an additional 1,966 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.
Williams Companies Stock Performance
Shares of WMB opened at $57.50 on Friday. The company’s 50 day moving average price is $60.26 and its 200 day moving average price is $59.32. Williams Companies, Inc. has a 52 week low of $51.46 and a 52 week high of $65.55. The company has a market capitalization of $70.12 billion, a PE ratio of 28.90, a PEG ratio of 1.97 and a beta of 0.65. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54.
Williams Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies’s payout ratio is currently 100.50%.
Analyst Upgrades and Downgrades
WMB has been the topic of a number of research reports. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price on the stock in a report on Friday, August 15th. Jefferies Financial Group started coverage on shares of Williams Companies in a report on Thursday, October 9th. They set a “buy” rating and a $72.00 price target on the stock. BMO Capital Markets started coverage on shares of Williams Companies in a report on Friday, September 19th. They set an “outperform” rating and a $66.00 price target on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Williams Companies in a report on Tuesday, October 14th. Finally, Scotiabank boosted their price target on shares of Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Williams Companies has an average rating of “Moderate Buy” and an average target price of $66.73.
Get Our Latest Report on Williams Companies
Insider Activity at Williams Companies
In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the completion of the sale, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the completion of the sale, the senior vice president directly owned 311,645 shares of the company’s stock, valued at $17,956,984.90. This represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock valued at $497,715 over the last three months. Insiders own 0.44% of the company’s stock.
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, 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.
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