MH & Associates Securities Management Corp ADV bought a new position in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 34,234 shares of the pipeline company’s stock, valued at approximately $2,058,000. Williams Companies accounts for approximately 1.7% of MH & Associates Securities Management Corp ADV’s holdings, making the stock its 28th biggest position.
Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Williams Companies by 15.9% in the third quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock valued at $3,077,942,000 after buying an additional 6,668,950 shares during the period. Invesco Ltd. raised its holdings in Williams Companies by 1.1% in the third quarter. Invesco Ltd. now owns 14,575,898 shares of the pipeline company’s stock valued at $923,383,000 after buying an additional 158,077 shares during the period. BROOKFIELD Corp ON raised its holdings in Williams Companies by 190.3% in the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock valued at $755,490,000 after buying an additional 7,884,730 shares during the period. Amundi raised its holdings in Williams Companies by 5.3% in the third quarter. Amundi now owns 9,600,016 shares of the pipeline company’s stock valued at $610,369,000 after buying an additional 481,082 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Williams Companies by 30.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,073,602 shares of the pipeline company’s stock valued at $574,856,000 after buying an additional 2,116,526 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.
Williams Companies Trading Down 1.2%
WMB opened at $73.12 on Thursday. The firm has a market capitalization of $89.32 billion, a P/E ratio of 34.17, a P/E/G ratio of 1.24 and a beta of 0.63. The firm’s 50 day moving average is $72.30 and its 200-day moving average is $64.90. Williams Companies, Inc. has a 52-week low of $51.89 and a 52-week high of $76.87. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 1.83.
Williams Companies Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. Williams Companies’s dividend payout ratio is presently 98.13%.
Wall Street Analysts Forecast Growth
WMB has been the topic of several research reports. Zacks Research upgraded shares of Williams Companies from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Wells Fargo & Company raised their price objective on Williams Companies from $80.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Morgan Stanley raised their price objective on Williams Companies from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Citigroup raised their price objective on Williams Companies from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Jefferies Financial Group raised their price objective on Williams Companies from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Williams Companies presently has an average rating of “Moderate Buy” and an average price target of $77.33.
Read Our Latest Stock Analysis on WMB
Insiders Place Their Bets
In other news, SVP Payvand Fazel sold 2,898 shares of Williams Companies stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $73.15, for a total transaction of $211,988.70. Following the sale, the senior vice president directly owned 31,766 shares of the company’s stock, valued at approximately $2,323,682.90. The trade was a 8.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $71.75, for a total transaction of $143,500.00. Following the completion of the sale, the senior vice president owned 289,159 shares of the company’s stock, valued at approximately $20,747,158.25. This trade represents a 0.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,369 shares of company stock valued at $3,912,512 in the last three months. 0.44% of the stock is owned by insiders.
About Williams Companies
Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.
Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.
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