Inceptionr LLC raised its position in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 71.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,987 shares of the pipeline company’s stock after purchasing an additional 7,493 shares during the period. Inceptionr LLC’s holdings in Williams Companies were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Main Street Group LTD acquired a new stake in Williams Companies in the first quarter valued at $26,000. Frazier Financial Advisors LLC lifted its holdings in Williams Companies by 59.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 416 shares of the pipeline company’s stock worth $30,000 after buying an additional 155 shares during the last quarter. Towne Trust Company N.A boosted its position in shares of Williams Companies by 60.2% during the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 162 shares in the last quarter. Motiv8 Investments LLC purchased a new position in shares of Williams Companies in the 4th quarter valued at about $27,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Williams Companies by 102.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 480 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 243 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.
Williams Companies Stock Up 1.0%
Shares of NYSE:WMB opened at $75.25 on Friday. Williams Companies, Inc. has a 1-year low of $55.82 and a 1-year high of $80.07. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.76. The stock has a market cap of $91.92 billion, a P/E ratio of 33.00, a P/E/G ratio of 1.75 and a beta of 0.57. The firm has a fifty day moving average price of $74.27 and a 200 day moving average price of $71.79.
Williams Companies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, June 12th. Williams Companies’s payout ratio is 92.11%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Scotiabank upped their price target on Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Williams Companies from $83.00 to $85.00 and gave the stock an “outperformer” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upped their target price on shares of Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Royal Bank Of Canada lifted their price target on shares of Williams Companies from $82.00 to $83.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research note on Wednesday, June 24th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $83.56.
Read Our Latest Analysis on Williams Companies
Insider Buying and Selling
In other news, COO Larry C. Larsen sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $76.48, for a total value of $917,760.00. Following the transaction, the chief operating officer owned 98,219 shares of the company’s stock, valued at approximately $7,511,789.12. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John Dean Porter sold 50,000 shares of the company’s stock in a transaction that occurred 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 owned 196,567 shares of the company’s stock, valued at $14,815,254.79. This trade represents a 20.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 68,500 shares of company stock valued at $5,182,655 in the last quarter. 0.47% of the stock is currently 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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