WINTON GROUP Ltd bought a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 196,018 shares of the pipeline company’s stock, valued at approximately $11,783,000.
Other institutional investors also recently modified their holdings of the company. Towne Trust Company N.A raised its position in shares of Williams Companies by 60.2% during the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 162 shares during the period. Clearstead Trust LLC raised its position in shares of Williams Companies by 62.2% during the fourth quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 186 shares during the period. WHI TRUST Co LLC bought a new stake in Williams Companies during the fourth quarter worth $30,000. Entrust Financial LLC bought a new stake in Williams Companies during the fourth quarter worth $31,000. Finally, Flagship Wealth Advisors LLC bought a new stake in Williams Companies during the fourth quarter worth $33,000. 86.44% of the stock is owned by institutional investors and hedge funds.
Williams Companies Stock Down 0.6%
Shares of NYSE:WMB opened at $72.00 on Friday. The company has a market capitalization of $87.95 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 1.77 and a beta of 0.58. 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 business has a fifty day moving average price of $73.55 and a two-hundred day moving average price of $68.42. Williams Companies, Inc. has a 1 year low of $55.82 and a 1 year high of $80.07.
Williams Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.525 per share. The ex-dividend date is Friday, June 12th. This represents a $2.10 annualized dividend and a dividend yield of 2.9%. Williams Companies’s dividend payout ratio is presently 92.11%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on WMB. Wolfe Research upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. The Goldman Sachs Group upgraded Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a report on Monday, April 20th. Wall Street Zen upgraded Williams Companies from a “sell” rating to a “hold” rating in a report on Sunday, April 5th. Citigroup upped their price target on Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada upped their price target on Williams Companies from $82.00 to $83.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. 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, Williams Companies has a consensus rating of “Buy” and an average price target of $82.40.
Get Our Latest Stock Report on Williams Companies
Insider Activity at Williams Companies
In other news, SVP Glen G. Jasek sold 2,500 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $78.15, for a total transaction of $195,375.00. Following the completion of the transaction, the senior vice president owned 54,101 shares in the company, valued at approximately $4,227,993.15. This represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Larry C. Larsen sold 12,000 shares of the stock in a transaction 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 $7,511,789.12. The trade was a 10.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 78,762 shares of company stock worth $5,937,632 in the last three months. Corporate insiders own 0.47% of the company’s stock.
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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