Junto Capital Management LP purchased a new position in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,065,328 shares of the pipeline company’s stock, valued at approximately $79,196,000. Williams Companies comprises approximately 1.4% of Junto Capital Management LP’s holdings, making the stock its 24th biggest position.
A number of other large investors also recently bought and sold shares of WMB. California State Teachers Retirement System grew its holdings in Williams Companies by 7,567.4% in the second quarter. California State Teachers Retirement System now owns 162,591,616 shares of the pipeline company’s stock worth $12,087,061,000 after purchasing an additional 160,471,058 shares during the period. Bank of America Corp DE bought a new position in shares of Williams Companies during the second quarter valued at approximately $3,320,606,000. Norges Bank purchased a new position in shares of Williams Companies during the fourth quarter valued at approximately $747,749,000. Wellington Management Group LLP lifted its holdings in shares of Williams Companies by 43.4% during the second quarter. Wellington Management Group LLP now owns 33,097,208 shares of the pipeline company’s stock valued at $2,460,446,000 after purchasing an additional 10,013,946 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Williams Companies in the 2nd quarter worth approximately $596,077,000. 86.44% of the stock is owned by hedge funds and other institutional investors.
Williams Companies Price Performance
Shares of NYSE WMB opened at $75.24 on Thursday. The firm has a market cap of $92.03 billion, a P/E ratio of 29.98, a PEG ratio of 1.58 and a beta of 0.59. Williams Companies, Inc. has a twelve month low of $56.19 and a twelve month high of $80.07. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. The company has a 50 day moving average of $73.36 and a 200 day moving average of $73.56.
Williams Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be given a dividend of $0.525 per share. 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 (DPR) is 83.67%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Barclays upped their price target on Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Wall Street Zen downgraded Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Truist Financial increased their target price on Williams Companies from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. lifted 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. Three investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $85.60.
Check Out Our Latest Stock Analysis on Williams Companies
Insider Buying and Selling
In related news, SVP Terrance Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $75.56, for a total value of $151,120.00. Following the completion of the sale, the senior vice president directly owned 264,259 shares in the company, valued at approximately $19,967,410.04. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 19,000 shares of company stock valued at $1,414,050. 0.47% of the stock is currently owned by company insiders.
About Williams Companies
Williams Companies, Inc is an energy infrastructure company focused primarily on gathering, processing, transporting and storing natural gas and natural gas liquids. The company provides the infrastructure and related services that connect natural gas supplies with utilities, power generators, industrial customers, liquefied natural gas facilities and other markets.
Williams operates a large network of interstate and regional natural gas pipelines, gathering systems, processing facilities and storage assets across the United States.
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Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies, Inc. (The) (NYSE:WMB – Free Report).
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