Nicholas Hoffman & Company LLC. lowered its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 72.1% in the first quarter, HoldingsChannel.com reports. The fund owned 3,839 shares of the pipeline company’s stock after selling 9,939 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Williams Companies were worth $279,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Williams Companies in the fourth quarter valued at approximately $4,627,000. Gabelli Funds LLC boosted its position 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 acquiring an additional 17,900 shares during the last quarter. Nordea Investment Management AB boosted its position 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 acquiring an additional 365,546 shares during the last quarter. Stephens Inc. AR grew its stake in Williams Companies by 8.9% in the 4th 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 during the period. Finally, SIR Capital Management L.P. grew its stake in Williams Companies by 40.0% in the 4th 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 during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Williams Companies Stock Up 0.2%
Shares of WMB opened at $75.25 on Thursday. Williams Companies, Inc. has a fifty-two week low of $55.82 and a fifty-two week high of $80.07. The company’s fifty day moving average is $74.25 and its two-hundred day moving average is $70.63. The firm has a market cap of $91.92 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 1.84 and a beta of 0.57. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, June 12th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 12th. Williams Companies’s dividend payout ratio (DPR) is 92.11%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on WMB. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a report on Wednesday, June 24th. JPMorgan Chase & Co. upped their target price on Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Stifel Nicolaus increased their target price on Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Truist Financial began coverage on Williams Companies in a research note on Tuesday, March 24th. They issued a “buy” rating and a $84.00 price target on the stock. Finally, Canadian Imperial Bank of Commerce lifted their price target on Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $83.50.
Check Out Our Latest Stock Analysis on WMB
Insider Transactions at Williams Companies
In related news, SVP Glen G. Jasek sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $78.15, for a total value of $195,375.00. Following the transaction, the senior vice president owned 54,101 shares in the company, valued at approximately $4,227,993.15. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $74.16, for a total transaction of $148,320.00. Following the transaction, the senior vice president directly owned 283,159 shares in the company, valued at approximately $20,999,071.44. This trade represents a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 68,500 shares of company stock valued at $5,182,655. 0.47% of the stock is owned by company insiders.
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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