Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,786 shares of the pipeline company’s stock, valued at approximately $468,000.
A number of other institutional investors also recently added to or reduced their stakes in WMB. MV Capital Management Inc. bought a new position in shares of Williams Companies during the 4th quarter worth approximately $65,000. Cambient Family Office LLC bought a new stake in Williams Companies in the fourth quarter valued at $342,000. Claris Financial LLC bought a new stake in Williams Companies in the fourth quarter valued at $289,000. Invesco Ltd. raised its stake in Williams Companies by 1.0% during the fourth quarter. Invesco Ltd. now owns 14,723,482 shares of the pipeline company’s stock worth $885,029,000 after acquiring an additional 147,584 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its stake in Williams Companies by 8.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 32,282 shares of the pipeline company’s stock worth $1,941,000 after acquiring an additional 2,491 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.
Williams Companies Price Performance
Shares of WMB stock opened at $73.16 on Friday. Williams Companies, Inc. has a 1 year low of $55.82 and a 1 year high of $80.07. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The firm’s 50 day moving average is $73.37 and its 200-day moving average is $69.25. The firm has a market capitalization of $89.37 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 1.74 and a beta of 0.58.
Williams Companies Announces Dividend
The company 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 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, June 12th. Williams Companies’s dividend payout ratio (DPR) is presently 92.11%.
Insider Transactions at Williams Companies
In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $76.35, for a total transaction of $152,700.00. Following the completion of the sale, the senior vice president owned 287,159 shares in the company, valued at $21,924,589.65. The trade was a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John Dean Porter sold 50,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $75.37, for a total value of $3,768,500.00. Following the sale, the chief financial officer owned 196,567 shares of the company’s stock, valued at approximately $14,815,254.79. The trade was a 20.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 68,500 shares of company stock valued at $5,177,835 over the last quarter. Corporate insiders own 0.47% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on WMB shares. UBS Group lifted their price objective on Williams Companies from $89.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Stifel Nicolaus upped their target price on shares of Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. The Goldman Sachs Group upgraded shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Monday, April 20th. Truist Financial started coverage on shares of Williams Companies in a report on Tuesday, March 24th. They set a “buy” rating and a $84.00 price target for the company. Finally, Jefferies Financial Group boosted their price target on shares of Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $82.40.
Check Out 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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