California Public Employees Retirement System trimmed its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,220,983 shares of the pipeline company’s stock after selling 82,368 shares during the period. California Public Employees Retirement System’s holdings in Williams Companies were worth $161,643,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Towne Trust Company N.A increased its holdings in Williams Companies by 60.2% during the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after buying an additional 162 shares during the last quarter. Main Street Group LTD purchased a new position in Williams Companies in the first quarter valued at about $26,000. Motiv8 Investments LLC purchased a new position in Williams Companies in the fourth quarter valued at about $27,000. Clearstead Trust LLC grew its position in shares of Williams Companies by 62.2% during the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 186 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Williams Companies during the 4th quarter worth approximately $29,000. 86.44% of the stock is owned by hedge funds and other institutional investors.
Williams Companies Stock Performance
Shares of WMB opened at $73.34 on Friday. Williams Companies, Inc. has a 52-week low of $55.82 and a 52-week high of $80.07. The stock’s 50-day simple moving average is $74.37 and its 200 day simple moving average is $71.32. 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 stock has a market capitalization of $89.60 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 1.80 and a beta of 0.57.
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 given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, June 12th. Williams Companies’s dividend payout ratio (DPR) is 92.11%.
Insider Activity
In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $74.16, for a total value of $148,320.00. Following the sale, the senior vice president directly owned 283,159 shares in the company, valued at $20,999,071.44. This represents a 0.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Glen G. Jasek sold 2,500 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $78.15, for a total transaction of $195,375.00. Following the completion of the transaction, the senior vice president directly owned 54,101 shares of the company’s stock, valued at approximately $4,227,993.15. The trade was a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 68,500 shares of company stock worth $5,182,655 in the last three months. Insiders own 0.47% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on WMB shares. Scotiabank upped their price objective on Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. upped their price target on Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Wall Street Zen raised Williams Companies from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup boosted 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, May 8th. Finally, TD Cowen increased 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. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $83.56.
Read Our Latest Stock Report on Williams Companies
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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