Fiduciary Alliance LLC grew its holdings in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 70.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,346 shares of the pipeline company’s stock after purchasing an additional 8,801 shares during the period. Fiduciary Alliance LLC’s holdings in Williams Companies were worth $1,510,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in WMB. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Williams Companies in the 4th quarter valued at approximately $4,627,000. Gabelli Funds LLC increased its holdings in Williams Companies by 7.4% during the fourth quarter. Gabelli Funds LLC now owns 261,000 shares of the pipeline company’s stock worth $15,689,000 after buying an additional 17,900 shares during the last quarter. Nordea Investment Management AB increased its holdings in Williams Companies by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 2,105,570 shares of the pipeline company’s stock worth $125,839,000 after buying an additional 365,546 shares during the last quarter. Stephens Inc. AR raised its position in Williams Companies by 8.9% during the fourth quarter. Stephens Inc. AR now owns 164,900 shares of the pipeline company’s stock worth $9,912,000 after acquiring an additional 13,438 shares in the last quarter. Finally, SIR Capital Management L.P. raised its position in Williams Companies by 40.0% during the fourth quarter. SIR Capital Management L.P. now owns 525,232 shares of the pipeline company’s stock worth $31,572,000 after acquiring an additional 150,032 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
Williams Companies Trading Up 2.1%
Shares of Williams Companies stock opened at $77.43 on Friday. 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 has a 50-day moving average of $73.68 and a 200-day moving average of $69.72. Williams Companies, Inc. has a 52-week low of $55.82 and a 52-week high of $80.07. The stock has a market cap of $94.59 billion, a PE ratio of 33.96, a PEG ratio of 1.85 and a beta of 0.58.
Williams Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be issued 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 2.7%. Williams Companies’s dividend payout ratio (DPR) is currently 92.11%.
Insider Buying and Selling at Williams Companies
In other Williams Companies news, SVP Glen G. Jasek sold 2,500 shares of the firm’s 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 transaction, the senior vice president owned 54,101 shares in the company, valued at $4,227,993.15. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Larry C. Larsen sold 12,000 shares of Williams Companies stock in a transaction on 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 transaction, the chief operating officer directly owned 98,219 shares of the company’s stock, valued at $7,511,789.12. This represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,500 shares of company stock valued at $5,177,835 in the last three months. Corporate insiders own 0.47% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on WMB. The Goldman Sachs Group raised shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Sunday, April 5th. Wells Fargo & Company lifted their price target on Williams Companies from $80.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Stifel Nicolaus boosted their price target on Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group upped their price objective on Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $82.40.
View 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.
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