Inspire Trust Co. N.A. boosted its holdings in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 18.0% in the fourth quarter, HoldingsChannel reports. The firm owned 114,500 shares of the pipeline company’s stock after purchasing an additional 17,500 shares during the period. Williams Companies makes up about 1.1% of Inspire Trust Co. N.A.’s investment portfolio, making the stock its 23rd biggest holding. Inspire Trust Co. N.A.’s holdings in Williams Companies were worth $6,883,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in WMB. Towne Trust Company N.A increased its holdings in Williams Companies by 60.2% in 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 in the last quarter. Clearstead Trust LLC increased its holdings in Williams Companies by 62.2% in 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 in the last quarter. WHI TRUST Co LLC bought a new stake in Williams Companies in the fourth quarter worth approximately $30,000. Entrust Financial LLC bought a new stake in Williams Companies in the fourth quarter worth approximately $31,000. Finally, Financial Life Planners bought a new stake in Williams Companies in the third quarter worth approximately $36,000. 86.44% of the stock is currently owned by institutional investors.
Williams Companies Stock Down 1.7%
Shares of NYSE:WMB opened at $73.10 on Friday. The stock has a market cap of $89.30 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 1.28 and a beta of 0.61. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99. Williams Companies, Inc. has a 12-month low of $55.82 and a 12-month high of $80.07. The business’s 50 day moving average is $73.79 and its 200 day moving average is $68.00.
Williams Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, June 12th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.10 annualized dividend and a dividend yield of 2.9%. Williams Companies’s payout ratio is presently 92.11%.
Insider Activity at Williams Companies
In related news, COO Larry C. Larsen sold 12,000 shares of Williams Companies stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $76.48, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Payvand Fazel sold 2,898 shares of Williams Companies stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $73.15, for a total value of $211,988.70. Following the transaction, the senior vice president directly owned 31,766 shares in the company, valued at approximately $2,323,682.90. The trade was a 8.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 80,762 shares of company stock valued at $6,088,112 over the last 90 days. Corporate insiders own 0.47% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Scotiabank lifted their target price on Williams Companies from $85.00 to $86.00 and gave the stock a “sector outperform” rating in a report on Tuesday, May 12th. TD Cowen lifted their target price on Williams Companies from $81.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a report on Friday, March 27th. Stifel Nicolaus lifted their target price on Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Wolfe Research upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Williams Companies has an average rating of “Buy” and an average price target of $82.40.
Get Our Latest Stock Analysis 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.
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