PCM Encore LLC acquired a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,685 shares of the pipeline company’s stock, valued at approximately $1,017,000.
A number of other institutional investors also recently modified their holdings of WMB. Norges Bank acquired a new position in shares of Williams Companies in the 4th quarter worth approximately $747,749,000. BROOKFIELD Corp ON raised its position 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 during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Williams Companies in the 2nd quarter valued at $354,184,000. Ontario Teachers Pension Plan Board acquired a new position in Williams Companies in the second quarter worth $329,094,000. Finally, Clearbridge Investments LLC boosted its stake in Williams Companies by 21.3% in the fourth quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company’s stock worth $1,281,875,000 after purchasing an additional 3,748,126 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.
Williams Companies Stock Down 1.9%
Shares of Williams Companies stock opened at $71.86 on Friday. The business has a fifty day simple moving average of $73.40 and a 200 day simple moving average of $73.15. The stock has a market cap of $87.90 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.58. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. Williams Companies, Inc. has a 12 month low of $56.08 and a 12 month high of $80.07.
Williams Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, September 11th. Williams Companies’s dividend payout ratio (DPR) is currently 83.67%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on WMB shares. Jefferies Financial Group lowered their target price on Williams Companies from $87.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Stifel Nicolaus raised their target price on shares of Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. UBS Group reiterated a “buy” rating on shares of Williams Companies in a research report on Tuesday, July 14th. Truist Financial boosted their price target on shares of Williams Companies from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, 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. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Williams Companies presently has a consensus rating of “Buy” and an average price target of $85.60.
View Our Latest Stock Report on WMB
Insider Buying and Selling at Williams Companies
In related news, SVP Terrance Lane Wilson sold 13,000 shares of Williams Companies stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $74.87, for a total transaction of $973,310.00. Following the transaction, the senior vice president owned 268,159 shares of the company’s stock, valued at $20,077,064.33. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 17,000 shares of company stock valued at $1,262,930. Company insiders own 0.47% of the company’s stock.
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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