Cbre Investment Management Listed Real Assets LLC lessened its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 99.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,023 shares of the pipeline company’s stock after selling 1,777,306 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Williams Companies were worth $783,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Williams Companies during the fourth quarter worth about $747,749,000. BROOKFIELD Corp ON raised its stake in Williams Companies by 190.3% in the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock valued at $755,490,000 after purchasing an additional 7,884,730 shares in the last quarter. Wellington Management Group LLP raised its stake in Williams Companies by 15.9% in the third quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock valued at $3,077,942,000 after purchasing an additional 6,668,950 shares in the last quarter. SG Americas Securities LLC raised its stake in Williams Companies by 4,992.2% in the fourth quarter. SG Americas Securities LLC now owns 3,704,739 shares of the pipeline company’s stock valued at $222,692,000 after purchasing an additional 3,631,986 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Williams Companies by 30.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,073,602 shares of the pipeline company’s stock valued at $574,856,000 after purchasing an additional 2,116,526 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Williams Companies Stock Performance
NYSE:WMB opened at $70.10 on Tuesday. The business has a 50 day moving average of $73.69 and a 200 day moving average of $68.15. The company has a market capitalization of $85.63 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 1.23 and a beta of 0.58. 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.
Williams Companies Dividend Announcement
The business also recently declared 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. This represents a $2.10 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 12th. Williams Companies’s payout ratio is 92.11%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on WMB. Wall Street Zen raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Sunday, April 5th. Truist Financial began coverage on shares of Williams Companies in a research note on Tuesday, March 24th. They issued a “buy” rating and a $84.00 target price on the stock. Stifel Nicolaus raised their target price on shares of Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group raised shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Monday, April 20th. Finally, Scotiabank raised their target price on shares of Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $82.40.
Read Our Latest Stock Analysis on Williams Companies
Insiders Place Their Bets
In other Williams Companies 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 value of $917,760.00. Following the transaction, the chief operating officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Glen G. Jasek sold 2,500 shares of Williams Companies stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $78.15, for a total value of $195,375.00. Following the completion of the transaction, the senior vice president directly owned 54,101 shares in the company, valued at $4,227,993.15. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 78,762 shares of company stock worth $5,937,632. 0.47% of the stock is currently owned by corporate insiders.
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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