King Luther Capital Management Corp increased its holdings in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 81.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,005 shares of the pipeline company’s stock after acquiring an additional 83,739 shares during the quarter. King Luther Capital Management Corp’s holdings in Williams Companies were worth $11,241,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of WMB. BROOKFIELD Corp ON increased its holdings in shares of 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 acquiring an additional 7,884,730 shares during the period. Wellington Management Group LLP increased its holdings in shares of Williams Companies by 15.9% in the 3rd quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock valued at $3,077,942,000 after acquiring an additional 6,668,950 shares during the period. SG Americas Securities LLC increased its holdings in shares of Williams Companies by 4,992.2% in the 4th quarter. SG Americas Securities LLC now owns 3,704,739 shares of the pipeline company’s stock valued at $222,692,000 after acquiring an additional 3,631,986 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Williams Companies by 30.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,073,602 shares of the pipeline company’s stock valued at $574,856,000 after acquiring an additional 2,116,526 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Williams Companies by 27.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,753,924 shares of the pipeline company’s stock valued at $491,225,000 after acquiring an additional 1,668,706 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.
Williams Companies Stock Performance
Shares of WMB opened at $74.30 on Thursday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83. The stock has a market capitalization of $90.76 billion, a P/E ratio of 32.59, a P/E/G ratio of 1.27 and a beta of 0.61. The company’s fifty day moving average is $73.80 and its two-hundred day moving average is $67.91. Williams Companies, Inc. has a 1 year low of $55.82 and a 1 year high of $80.07.
Williams Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.8%. Williams Companies’s dividend payout ratio is 92.11%.
Insider Buying and Selling at Williams Companies
In other news, SVP Payvand Fazel sold 2,898 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $73.15, for a total transaction of $211,988.70. Following the transaction, the senior vice president directly owned 31,766 shares of the company’s stock, valued at $2,323,682.90. This represents a 8.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Larry C. Larsen sold 12,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $76.48, for a total transaction of $917,760.00. Following the transaction, the chief operating officer directly owned 98,219 shares in the company, valued at approximately $7,511,789.12. This trade represents a 10.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 80,762 shares of company stock worth $6,088,112. Company insiders own 0.47% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on WMB shares. Wall Street Zen raised shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Sunday, April 5th. Scotiabank lifted their target price on shares of Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a report on Friday, March 27th. Zacks Research raised shares of Williams Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a research note on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Williams Companies has an average rating of “Buy” and an average price target of $82.40.
Check Out Our Latest Stock Report on Williams Companies
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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