World Investment Advisors lifted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 29.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 55,577 shares of the pipeline company’s stock after acquiring an additional 12,508 shares during the period. World Investment Advisors’ holdings in Williams Companies were worth $3,341,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of WMB. Brighton Jones LLC grew 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 acquiring an additional 3,969 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Williams Companies by 5.5% during the second quarter. Sivia Capital Partners LLC now owns 4,635 shares of the pipeline company’s stock worth $291,000 after acquiring an additional 242 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Williams Companies by 2.1% during the second quarter. Treasurer of the State of North Carolina now owns 568,928 shares of the pipeline company’s stock worth $35,734,000 after acquiring an additional 11,926 shares during the last quarter. Main Street Financial Solutions LLC grew its stake in shares of Williams Companies by 3.0% during the second quarter. Main Street Financial Solutions LLC now owns 10,248 shares of the pipeline company’s stock worth $644,000 after acquiring an additional 296 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Williams Companies by 160.1% during the second quarter. Ieq Capital LLC now owns 165,035 shares of the pipeline company’s stock worth $10,366,000 after acquiring an additional 101,574 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Williams Companies Stock Performance
NYSE WMB opened at $77.67 on Friday. The stock has a 50-day simple moving average of $73.19 and a two-hundred day simple moving average of $66.65. The firm has a market capitalization of $94.88 billion, a P/E ratio of 34.07, a PEG ratio of 1.29 and a beta of 0.61. Williams Companies, Inc. has a fifty-two week low of $55.82 and a fifty-two week high of $77.79. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83.
Williams Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, June 12th. Williams Companies’s dividend payout ratio is currently 92.11%.
Insiders Place Their Bets
In other Williams Companies news, CAO Mary A. Hausman sold 10,107 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $74.91, for a total value of $757,115.37. Following the sale, the chief accounting officer owned 17,230 shares in the company, valued at approximately $1,290,699.30. This represents a 36.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $76.35, for a total value of $152,700.00. Following the completion of the sale, the senior vice president owned 287,159 shares in the company, valued at approximately $21,924,589.65. This represents a 0.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 103,369 shares of company stock worth $7,700,932. Corporate insiders own 0.47% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on WMB shares. Wall Street Zen upgraded Williams Companies from a “sell” rating to a “hold” rating in a research note on Sunday, April 5th. The Goldman Sachs Group upgraded Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Monday, April 20th. Jefferies Financial Group boosted their price target on Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Stifel Nicolaus upped their target price on Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Scotiabank upped their target price on Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a research report on Tuesday. Four equities 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 company’s stock. According to MarketBeat, Williams Companies has an average rating of “Buy” and a consensus price target of $80.47.
Check Out Our Latest Stock Report on WMB
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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