Foundations Investment Advisors LLC increased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 15.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 312,244 shares of the pipeline company’s stock after acquiring an additional 40,942 shares during the period. Foundations Investment Advisors LLC’s holdings in Williams Companies were worth $18,769,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Williams Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 133,963,343 shares of the pipeline company’s stock worth $8,052,537,000 after buying an additional 883,245 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Williams Companies by 15.9% in the 3rd quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock valued at $3,077,942,000 after purchasing an additional 6,668,950 shares in the last quarter. Invesco Ltd. boosted its holdings in Williams Companies by 1.1% in the 3rd quarter. Invesco Ltd. now owns 14,575,898 shares of the pipeline company’s stock valued at $923,383,000 after purchasing an additional 158,077 shares in the last quarter. BROOKFIELD Corp ON boosted its holdings in Williams Companies by 190.3% in the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock valued at $755,490,000 after purchasing an additional 7,884,730 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Williams Companies by 2.3% in the 4th quarter. Legal & General Group Plc now owns 9,977,801 shares of the pipeline company’s stock valued at $599,766,000 after purchasing an additional 228,927 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Williams Companies Trading Down 2.7%
Shares of Williams Companies stock opened at $74.30 on Thursday. The business has a 50 day moving average price of $73.80 and a 200 day moving average price of $67.91. 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 company has a market capitalization of $90.76 billion, a P/E ratio of 32.59, a P/E/G ratio of 1.27 and a beta of 0.61. Williams Companies, Inc. has a 1 year low of $55.82 and a 1 year high of $80.07.
Williams Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be issued a $0.525 dividend. The ex-dividend date is Friday, June 12th. This represents a $2.10 annualized dividend and a yield of 2.8%. Williams Companies’s payout ratio is 92.11%.
Analyst Ratings Changes
WMB has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce lifted their price objective on Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a report on Tuesday. Stifel Nicolaus lifted their price objective on Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. The Goldman Sachs Group raised Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Monday, April 20th. Zacks Research raised Williams Companies from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Scotiabank lifted their price objective on Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a report on Tuesday, May 12th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $82.40.
Get Our Latest Stock Report on WMB
Insider Buying and Selling
In other Williams Companies news, SVP Todd J. Rinke sold 7,364 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $74.39, for a total value of $547,807.96. Following the completion of the transaction, the senior vice president directly owned 26,055 shares in the company, valued at approximately $1,938,231.45. The trade was a 22.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Larry C. Larsen sold 12,000 shares of the business’s 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 $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. Insiders sold a total of 80,762 shares of company stock worth $6,088,112 in the last three months. 0.47% of the stock is currently owned by 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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