B. Metzler seel. Sohn & Co. AG raised its stake in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 6.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,324 shares of the pipeline company’s stock after acquiring an additional 6,791 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Williams Companies were worth $6,593,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of WMB. Brighton Jones LLC raised its stake in shares of Williams Companies by 40.9% during the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock worth $740,000 after buying an additional 3,969 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Williams Companies during the fourth quarter worth approximately $352,000. Aquatic Capital Management LLC bought a new stake in shares of Williams Companies during the fourth quarter worth approximately $1,216,000. Lido Advisors LLC raised its stake in shares of Williams Companies by 5.7% during the fourth quarter. Lido Advisors LLC now owns 39,518 shares of the pipeline company’s stock worth $2,139,000 after buying an additional 2,126 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Williams Companies by 294.4% during the fourth quarter. AQR Capital Management LLC now owns 339,399 shares of the pipeline company’s stock worth $18,368,000 after buying an additional 253,336 shares during the last quarter. 86.44% of the stock is owned by institutional investors.
Williams Companies Stock Up 0.7%
Williams Companies stock opened at $57.52 on Thursday. The stock has a market capitalization of $70.13 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.91 and a beta of 0.66. Williams Companies, Inc. has a twelve month low of $43.98 and a twelve month high of $63.45. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average of $58.65 and a 200-day moving average of $58.33.
Williams Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies’s payout ratio is currently 100.50%.
Analysts Set New Price Targets
A number of research firms recently weighed in on WMB. Wolfe Research raised shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 13th. Argus restated a “buy” rating and set a $66.00 price objective on shares of Williams Companies in a report on Thursday, August 14th. Wall Street Zen cut shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Scotiabank boosted their price objective on shares of Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. Finally, TD Cowen began coverage on shares of Williams Companies in a report on Monday, July 7th. They set a “buy” rating and a $67.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $62.86.
Insiders Place Their Bets
In other news, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the sale, the chief operating officer owned 77,612 shares of the company’s stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $59.68, for a total transaction of $119,360.00. Following the completion of the sale, the senior vice president directly owned 313,645 shares in the company, valued at approximately $18,718,333.60. This represents a 0.63% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,500 shares of company stock worth $507,875. 0.44% of the stock is currently owned by insiders.
About Williams Companies
The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.
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