Tidal Investments LLC raised its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 82.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,885 shares of the pipeline company’s stock after purchasing an additional 191,305 shares during the quarter. Tidal Investments LLC’s holdings in Williams Companies were worth $31,437,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of WMB. Main Street Group LTD bought a new stake in shares of Williams Companies during the first quarter worth about $26,000. Allied Private Wealth LLC bought a new position in Williams Companies in the 2nd quarter valued at about $28,000. Bayforest Capital Ltd acquired a new position in Williams Companies during the 2nd quarter valued at about $28,000. Cornerstone Financial Management LLC boosted its stake in Williams Companies by 56.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 386 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 139 shares during the last quarter. Finally, Frazier Financial Advisors LLC increased its holdings in Williams Companies by 59.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 416 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
Williams Companies Stock Performance
Shares of Williams Companies stock opened at $75.24 on Thursday. The business’s fifty day simple moving average is $73.36 and its 200 day simple moving average is $73.56. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83. Williams Companies, Inc. has a 12 month low of $56.19 and a 12 month high of $80.07. The firm has a market capitalization of $92.03 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 1.58 and a beta of 0.59.
Williams Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, September 11th. Williams Companies’s dividend payout ratio (DPR) is 83.67%.
Analysts Set New Price Targets
WMB has been the topic of a number of recent research reports. Jefferies Financial Group dropped their target price on Williams Companies from $87.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. JPMorgan Chase & Co. increased 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. Barclays raised their price objective on Williams Companies from $73.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $82.00 target price on shares of Williams Companies in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Williams Companies currently has a consensus rating of “Buy” and an average price target of $85.60.
Read Our Latest Stock Analysis on Williams Companies
Insider Buying and Selling
In other Williams Companies news, SVP Terrance Wilson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $75.56, for a total value of $151,120.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 19,000 shares of company stock valued at $1,414,050 over the last 90 days. Insiders own 0.47% of the company’s stock.
About Williams Companies
Williams Companies, Inc is an energy infrastructure company focused primarily on gathering, processing, transporting and storing natural gas and natural gas liquids. The company provides the infrastructure and related services that connect natural gas supplies with utilities, power generators, industrial customers, liquefied natural gas facilities and other markets.
Williams operates a large network of interstate and regional natural gas pipelines, gathering systems, processing facilities and storage assets across the United States.
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