SG Americas Securities LLC lowered its position in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 82.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 653,849 shares of the pipeline company’s stock after selling 3,050,890 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of Williams Companies worth $47,587,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Mill Creek Capital Advisors LLC raised its stake in Williams Companies by 2.4% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 6,000 shares of the pipeline company’s stock valued at $361,000 after purchasing an additional 141 shares during the last quarter. UMB Bank n.a. boosted its stake in Williams Companies by 1.0% during the 4th quarter. UMB Bank n.a. now owns 15,309 shares of the pipeline company’s stock worth $920,000 after purchasing an additional 148 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Williams Companies by 1.2% during the fourth quarter. Parallel Advisors LLC now owns 12,646 shares of the pipeline company’s stock worth $760,000 after buying an additional 149 shares in the last quarter. Great Diamond Partners LLC grew its holdings in shares of Williams Companies by 0.4% during the fourth quarter. Great Diamond Partners LLC now owns 34,870 shares of the pipeline company’s stock worth $2,096,000 after buying an additional 150 shares in the last quarter. Finally, Betterment LLC raised its position in shares of Williams Companies by 3.3% in the fourth quarter. Betterment LLC now owns 4,766 shares of the pipeline company’s stock valued at $286,000 after buying an additional 154 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.
Williams Companies Stock Performance
Shares of WMB stock opened at $74.95 on Tuesday. 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 firm has a market cap of $91.55 billion, a P/E ratio of 32.87, a P/E/G ratio of 1.78 and a beta of 0.58. The firm’s 50 day moving average price is $73.41 and its 200-day moving average price is $69.43. Williams Companies, Inc. has a one year low of $55.82 and a one year high of $80.07.
Williams Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.8%. Williams Companies’s payout ratio is presently 92.11%.
Insider Transactions at Williams Companies
In related news, COO Larry C. Larsen sold 12,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $76.48, for a total transaction of $917,760.00. Following the completion of the transaction, the chief operating officer directly owned 98,219 shares in the company, valued at $7,511,789.12. This trade represents a 10.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $76.35, for a total value of $152,700.00. Following the completion of the transaction, the senior vice president directly owned 287,159 shares of the company’s stock, valued at approximately $21,924,589.65. This represents a 0.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 68,500 shares of company stock worth $5,177,835 over the last quarter. 0.47% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on WMB. Wells Fargo & Company raised their price target on shares of Williams Companies from $80.00 to $89.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. TD Cowen increased their price objective on shares of Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce increased 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 upgraded Williams Companies from a “sell” rating to a “hold” rating in a report on Sunday, April 5th. Finally, The Goldman Sachs Group upgraded Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Monday, April 20th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $82.40.
Check Out Our Latest 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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