Hilton Capital Management LLC decreased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 36.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,019 shares of the pipeline company’s stock after selling 49,679 shares during the period. Hilton Capital Management LLC’s holdings in Williams Companies were worth $6,469,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Towne Trust Company N.A lifted its stake in shares of Williams Companies by 60.2% in the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 162 shares during the period. Main Street Group LTD acquired a new position in shares of Williams Companies during the first quarter valued at approximately $26,000. Motiv8 Investments LLC acquired a new position in shares of Williams Companies during the fourth quarter valued at approximately $27,000. Allied Private Wealth LLC bought a new stake in Williams Companies during the second quarter worth approximately $28,000. Finally, Clearstead Trust LLC raised its holdings in Williams Companies by 62.2% during the fourth quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 186 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.
Williams Companies Price Performance
NYSE WMB opened at $75.04 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. The firm has a market capitalization of $91.79 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 1.72 and a beta of 0.58. The company has a 50 day simple moving average of $73.27 and a 200-day simple moving average of $72.90. Williams Companies, Inc. has a 52-week low of $55.82 and a 52-week high of $80.07.
Williams Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, September 11th. Williams Companies’s payout ratio is currently 83.67%.
Insider Activity at Williams Companies
In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $70.65, for a total value of $141,300.00. Following the transaction, the senior vice president directly owned 281,159 shares of the company’s stock, valued at approximately $19,863,883.35. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Barclays increased their price target 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. Morgan Stanley boosted their price objective on Williams Companies from $98.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Scotiabank upped 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. Canadian Imperial Bank of Commerce raised their target price on Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen lowered Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Williams Companies has a consensus rating of “Buy” and a consensus target price of $85.33.
Read Our Latest Stock Analysis on WMB
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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