Stokes Capital Advisors LLC cut its stake in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,811 shares of the pipeline company’s stock after selling 9,302 shares during the quarter. Williams Companies makes up 2.6% of Stokes Capital Advisors LLC’s portfolio, making the stock its 9th biggest holding. Stokes Capital Advisors LLC’s holdings in Williams Companies were worth $11,413,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. bLong Financial LLC purchased a new position in Williams Companies in the first quarter valued at about $237,000. Louisiana State Employees Retirement System acquired a new stake in shares of Williams Companies during the 1st quarter valued at about $4,527,000. First American Bank lifted its holdings in shares of Williams Companies by 1.0% during the 1st quarter. First American Bank now owns 33,754 shares of the pipeline company’s stock valued at $2,457,000 after buying an additional 322 shares during the last quarter. Silver Oak Securities Incorporated grew its stake in shares of Williams Companies by 101.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 5,227 shares of the pipeline company’s stock valued at $380,000 after buying an additional 2,630 shares in the last quarter. Finally, Fiduciary Alliance LLC grew its stake in shares of Williams Companies by 70.2% in the 1st quarter. Fiduciary Alliance LLC now owns 21,346 shares of the pipeline company’s stock valued at $1,510,000 after buying an additional 8,801 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.
Williams Companies Stock Up 2.1%
WMB opened at $77.43 on Friday. The firm has a market cap of $94.59 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 1.85 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 business has a 50 day moving average price of $73.68 and a 200 day moving average price of $69.72. Williams Companies, Inc. has a twelve month low of $55.82 and a twelve month high of $80.07.
Williams Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, June 12th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, June 12th. Williams Companies’s dividend payout ratio (DPR) is 92.11%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised their price objective on shares of Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, April 10th. TD Cowen boosted their target price 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. Wolfe Research upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Stifel Nicolaus raised their price target on shares of Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, 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 price objective for the company. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $82.40.
View Our Latest Report on Williams Companies
Insider Activity
In other Williams Companies news, CFO John Dean Porter sold 50,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total transaction of $3,768,500.00. Following the completion of the transaction, the chief financial officer owned 196,567 shares of the company’s stock, valued at $14,815,254.79. The trade was a 20.28% 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 the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $76.48, for a total transaction of $917,760.00. Following the sale, the chief operating officer owned 98,219 shares of the company’s stock, valued at $7,511,789.12. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 68,500 shares of company stock worth $5,177,835. Insiders own 0.47% of the company’s stock.
Williams Companies 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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