Comprehensive Money Management Services LLC acquired a new stake in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,063 shares of the pipeline company’s stock, valued at approximately $1,045,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in WMB. Main Street Group LTD acquired a new stake in Williams Companies during the first quarter worth approximately $26,000. Allied Private Wealth LLC acquired a new position in Williams Companies in the 2nd quarter valued at $28,000. Bayforest Capital Ltd acquired a new position in Williams Companies in the 2nd quarter valued at $28,000. Frazier Financial Advisors LLC lifted its position in shares of Williams Companies by 59.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 416 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 155 shares during the period. Finally, Motiv8 Investments LLC acquired a new stake in shares of Williams Companies during the 4th quarter worth $27,000. Institutional investors and hedge funds own 86.44% of the company’s stock.
Williams Companies Stock Down 0.3%
Shares of WMB opened at $74.19 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.43 and a current ratio of 0.48. Williams Companies, Inc. has a 52 week low of $56.08 and a 52 week high of $80.07. The stock has a market capitalization of $90.75 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 1.55 and a beta of 0.58. The stock has a fifty day moving average of $73.44 and a 200-day moving average of $73.33.
Williams Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.10 annualized dividend and a dividend yield of 2.8%. Williams Companies’s dividend payout ratio is currently 83.67%.
Insider Transactions 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 sale, the senior vice president directly owned 268,159 shares in the company, valued at $20,077,064.33. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 17,000 shares of company stock valued at $1,262,930. 0.47% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Williams Companies from $88.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Barclays raised their target price on shares of Williams Companies from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Wells Fargo & Company boosted their target price on shares of Williams Companies from $89.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley upped their price target on shares of Williams Companies from $99.00 to $103.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $85.60.
Get Our Latest Analysis on WMB
About Williams Companies
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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