Inceptionr LLC increased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 71.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,987 shares of the pipeline company’s stock after acquiring an additional 7,493 shares during the quarter. Inceptionr LLC’s holdings in Williams Companies were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Bank of Nova Scotia boosted its holdings in Williams Companies by 252.8% in the 1st quarter. Bank of Nova Scotia now owns 1,246,558 shares of the pipeline company’s stock valued at $90,724,000 after purchasing an additional 893,190 shares during the last quarter. Gibbs Wealth Management increased its holdings in shares of Williams Companies by 67.3% during the 1st quarter. Gibbs Wealth Management now owns 29,302 shares of the pipeline company’s stock worth $2,133,000 after buying an additional 11,790 shares during the last quarter. Sei Investments Co. lifted its holdings in Williams Companies by 2.0% in the first quarter. Sei Investments Co. now owns 2,197,700 shares of the pipeline company’s stock valued at $159,951,000 after acquiring an additional 42,929 shares during the last quarter. Lido Advisors LLC lifted its holdings in Williams Companies by 18.2% in the first quarter. Lido Advisors LLC now owns 55,883 shares of the pipeline company’s stock valued at $4,067,000 after acquiring an additional 8,623 shares during the last quarter. Finally, Kore Advisors LP purchased a new position in Williams Companies in the first quarter worth approximately $232,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Williams Companies Stock Performance
Shares of Williams Companies stock opened at $75.25 on Friday. The stock has a market capitalization of $91.92 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.57. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.76. The business has a 50-day moving average of $74.27 and a 200 day moving average of $71.79. Williams Companies, Inc. has a 12 month low of $55.82 and a 12 month high of $80.07.
Williams Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, June 12th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. Williams Companies’s dividend payout ratio is 92.11%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. TD Cowen lifted their target price on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a research report on Wednesday, June 24th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a report on Tuesday, May 26th. Wall Street Zen raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Morgan Stanley boosted their price target on shares of Williams Companies from $98.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $83.56.
Check Out Our Latest Research Report on Williams Companies
Insider Buying and Selling at Williams Companies
In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was 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 approximately $20,999,071.44. This trade represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 owned 98,219 shares of the company’s stock, valued at approximately $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 90 days, insiders sold 68,500 shares of company stock worth $5,182,655. 0.47% of the stock is currently owned by corporate insiders.
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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