Vaughan David Investments LLC IL reduced its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 955,924 shares of the pipeline company’s stock after selling 22,858 shares during the period. Williams Companies accounts for approximately 1.2% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 18th biggest holding. Vaughan David Investments LLC IL owned approximately 0.08% of Williams Companies worth $57,461,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC boosted its position in shares of Williams Companies by 40.9% during the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock worth $740,000 after purchasing an additional 3,969 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Williams Companies by 5.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,635 shares of the pipeline company’s stock worth $291,000 after purchasing an additional 242 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Williams Companies by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 568,928 shares of the pipeline company’s stock worth $35,734,000 after purchasing an additional 11,926 shares in the last quarter. Main Street Financial Solutions LLC boosted its position in shares of Williams Companies by 3.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 10,248 shares of the pipeline company’s stock worth $644,000 after purchasing an additional 296 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in shares of Williams Companies by 160.1% during the 2nd quarter. Ieq Capital LLC now owns 165,035 shares of the pipeline company’s stock worth $10,366,000 after purchasing an additional 101,574 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.
Williams Companies Price Performance
Shares of NYSE WMB opened at $71.66 on Friday. 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 cap of $87.54 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 1.76 and a beta of 0.58. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83. The firm’s 50-day simple moving average is $73.43 and its 200 day simple moving average is $68.83.
Williams Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be paid a $0.525 dividend. The ex-dividend date is Friday, June 12th. This represents a $2.10 annualized dividend and a yield of 2.9%. Williams Companies’s dividend payout ratio (DPR) is 92.11%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. TD Cowen increased their price objective on shares of Williams Companies from $81.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce increased 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. Wolfe Research raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group raised shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Monday, April 20th. Four analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Buy” and a consensus price target of $82.40.
Check Out Our Latest Analysis on Williams Companies
Insider Activity
In other Williams Companies news, COO Larry C. Larsen sold 12,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $76.48, for a total value of $917,760.00. Following the completion of the sale, the chief operating officer owned 98,219 shares in the company, valued at approximately $7,511,789.12. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $76.35, for a total transaction of $152,700.00. Following the completion of the sale, the senior vice president owned 287,159 shares of the company’s stock, valued at approximately $21,924,589.65. This trade represents a 0.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 68,500 shares of company stock worth $5,177,835. 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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