Gabelli Funds LLC raised its position in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 7.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 261,000 shares of the pipeline company’s stock after purchasing an additional 17,900 shares during the period. Gabelli Funds LLC’s holdings in Williams Companies were worth $15,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. grew its holdings in Williams Companies by 0.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,611 shares of the pipeline company’s stock valued at $1,479,000 after buying an additional 158 shares in the last quarter. Towne Trust Company N.A grew its holdings 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 valued at $26,000 after buying an additional 162 shares in the last quarter. Courier Capital LLC grew its holdings in Williams Companies by 0.3% in the 4th quarter. Courier Capital LLC now owns 47,466 shares of the pipeline company’s stock valued at $2,853,000 after buying an additional 162 shares in the last quarter. LRI Investments LLC grew its holdings in Williams Companies by 8.8% in the 3rd quarter. LRI Investments LLC now owns 2,169 shares of the pipeline company’s stock valued at $137,000 after buying an additional 176 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC grew its holdings in Williams Companies by 4.5% in the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 4,264 shares of the pipeline company’s stock valued at $256,000 after buying an additional 184 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.
Williams Companies Stock Performance
NYSE:WMB opened at $77.55 on Tuesday. The stock has a fifty day moving average price of $73.29 and a 200-day moving average price of $66.93. The company has a market cap of $94.73 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.32 and a beta of 0.61. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83. Williams Companies, Inc. has a fifty-two week low of $55.82 and a fifty-two week high of $78.31.
Williams Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, June 12th. Williams Companies’s dividend payout ratio is presently 92.11%.
Insider Activity
In related news, SVP Payvand Fazel sold 2,898 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $73.15, for a total transaction of $211,988.70. Following the completion of the sale, the senior vice president directly owned 31,766 shares in the company, valued at $2,323,682.90. This represents a 8.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $76.35, for a total value of $152,700.00. Following the sale, the senior vice president owned 287,159 shares of the company’s stock, valued at approximately $21,924,589.65. This represents a 0.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 117,869 shares of company stock worth $8,814,067. 0.47% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research analysts have commented on WMB shares. Royal Bank Of Canada upped their price objective on Williams Companies from $82.00 to $83.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a report on Friday, March 27th. UBS Group upped their price objective on Williams Companies from $89.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. TD Cowen upped their target price on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Scotiabank upped their target price on Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $80.47.
Read Our Latest Stock Report on WMB
Williams Companies Company 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.
Recommended Stories
- Five stocks we like better than Williams Companies
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies, Inc. (The) (NYSE:WMB – Free Report).
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.
