Hantz Financial Services Inc. reduced its holdings in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 175,072 shares of the pipeline company’s stock after selling 9,506 shares during the period. Hantz Financial Services Inc.’s holdings in Williams Companies were worth $10,524,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Towne Trust Company N.A increased its position in Williams Companies by 60.2% in the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after buying an additional 162 shares during the period. WHI TRUST Co LLC bought a new position in Williams Companies in the 4th quarter worth approximately $30,000. Entrust Financial LLC bought a new position in Williams Companies in the 4th quarter worth approximately $31,000. Financial Life Planners bought a new position in Williams Companies in the 3rd quarter worth approximately $36,000. Finally, Turning Point Benefit Group Inc. bought a new position in Williams Companies in the 3rd quarter worth approximately $46,000. 86.44% of the stock is owned by institutional investors.
Williams Companies Stock Performance
Shares of NYSE:WMB opened at $78.41 on Monday. The business’s fifty day moving average price is $73.64 and its two-hundred day moving average price is $67.51. Williams Companies, Inc. has a fifty-two week low of $55.82 and a fifty-two week high of $80.07. The stock has a market capitalization of $95.78 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.76.
Williams Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, June 12th. Williams Companies’s dividend payout ratio is 92.11%.
Wall Street Analyst Weigh In
WMB has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price target on Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Truist Financial initiated coverage on Williams Companies in a research report on Tuesday, March 24th. They issued a “buy” rating and a $84.00 price target on the stock. Morgan Stanley lifted their price target on Williams Companies from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Royal Bank Of Canada lifted their price target on Williams Companies from $82.00 to $83.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised Williams Companies from a “sell” rating to a “hold” rating in a research report on Sunday, April 5th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $81.00.
Read Our Latest Analysis on Williams Companies
Insider Transactions at Williams Companies
In other Williams Companies news, CFO John Dean Porter sold 50,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $75.37, for a total value of $3,768,500.00. Following the sale, the chief financial officer directly owned 196,567 shares in the company, valued at $14,815,254.79. This represents a 20.28% decrease in their ownership of the stock. The sale 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 company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $76.35, for a total value of $152,700.00. Following the completion of the sale, the senior vice president owned 287,159 shares in the company, valued at $21,924,589.65. This trade represents a 0.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 117,869 shares of company stock valued at $8,814,067. 0.47% of the stock is owned by insiders.
Williams Companies Profile
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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