Nykredit A S acquired a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 176,346 shares of the pipeline company’s stock, valued at approximately $13,110,000.
Several other large investors have also modified their holdings of the stock. Bank of America Corp DE acquired a new stake in shares of Williams Companies during the second quarter worth $3,320,606,000. Norges Bank purchased a new position in Williams Companies in the 4th quarter worth about $747,749,000. Wellington Management Group LLP increased its stake in Williams Companies by 43.4% in the 2nd quarter. Wellington Management Group LLP now owns 33,097,208 shares of the pipeline company’s stock worth $2,460,446,000 after purchasing an additional 10,013,946 shares in the last quarter. Legal & General Group Plc acquired a new stake in Williams Companies during the 2nd quarter worth about $596,077,000. Finally, BROOKFIELD Corp ON lifted its stake in Williams Companies by 190.3% during the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock valued at $755,490,000 after buying an additional 7,884,730 shares in the last quarter. 86.44% of the stock is owned by institutional investors.
Williams Companies Price Performance
NYSE WMB opened at $74.17 on Friday. The company has a 50 day simple moving average of $73.30 and a 200-day simple moving average of $73.49. Williams Companies, Inc. has a 52-week low of $56.08 and a 52-week high of $80.07. The firm has a market capitalization of $90.72 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43.
Williams Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies’s dividend payout ratio is presently 83.67%.
Insider Buying and Selling at Williams Companies
In other news, SVP Terrance Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $75.56, for a total transaction of $151,120.00. Following the completion of the sale, the senior vice president directly owned 264,259 shares in the company, valued at $19,967,410.04. The trade was a 0.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 19,000 shares of company stock worth $1,414,050. 0.47% of the stock is owned by company insiders.
Analysts Set New Price Targets
WMB has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Williams Companies from $88.00 to $89.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Scotiabank upped their price target on shares of Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a research report on Tuesday, May 12th. Barclays raised their price objective on shares of Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Williams Companies from $83.00 to $85.00 and gave the stock an “outperformer” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $85.60.
Read Our Latest Stock Analysis on WMB
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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