Henson Edgewater Management LLC acquired a new position in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) during the fourth quarter, HoldingsChannel reports. The firm acquired 12,201 shares of the pipeline company’s stock, valued at approximately $733,000. Williams Companies accounts for 0.4% of Henson Edgewater Management LLC’s holdings, making the stock its 16th biggest position.
A number of other institutional investors have also modified their holdings of WMB. LRI Investments LLC increased its position in Williams Companies by 8.8% during the 3rd quarter. LRI Investments LLC now owns 2,169 shares of the pipeline company’s stock worth $137,000 after purchasing an additional 176 shares in the last quarter. Patten & Patten Inc. TN raised its stake in shares of Williams Companies by 1.7% in the 3rd quarter. Patten & Patten Inc. TN now owns 11,087 shares of the pipeline company’s stock valued at $702,000 after acquiring an additional 187 shares during the period. Chesley Taft & Associates LLC lifted its holdings in shares of Williams Companies by 1.9% during the 3rd quarter. Chesley Taft & Associates LLC now owns 10,420 shares of the pipeline company’s stock valued at $660,000 after acquiring an additional 199 shares in the last quarter. Gentry Private Wealth LLC boosted its position in Williams Companies by 2.1% during the 3rd quarter. Gentry Private Wealth LLC now owns 9,578 shares of the pipeline company’s stock worth $607,000 after purchasing an additional 199 shares during the period. Finally, Tradewinds Capital Management LLC increased its holdings in Williams Companies by 9.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 2,425 shares of the pipeline company’s stock valued at $154,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Williams Companies Stock Performance
Williams Companies stock opened at $74.08 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.53 and a quick ratio of 0.48. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $76.87. The company has a fifty day moving average price of $69.33 and a two-hundred day moving average price of $63.42. The company has a market cap of $90.49 billion, a PE ratio of 34.62, a P/E/G ratio of 1.25 and a beta of 0.63.
Williams Companies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a $0.525 dividend. This is an increase from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, March 13th. Williams Companies’s dividend payout ratio is 98.13%.
Insider Buying and Selling at Williams Companies
In other news, CAO Mary A. Hausman sold 10,107 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $74.91, for a total transaction of $757,115.37. Following the sale, the chief accounting officer directly owned 17,230 shares in the company, valued at approximately $1,290,699.30. This represents a 36.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Payvand Fazel sold 2,898 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $73.15, for a total value of $211,988.70. Following the transaction, the senior vice president 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 51,369 shares of company stock worth $3,769,012. Insiders own 0.44% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on WMB shares. Tudor Pickering raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. UBS Group upped their price target on Williams Companies from $78.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research report on Monday, December 29th. Morgan Stanley boosted their target price on shares of Williams Companies from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, Zacks Research upgraded shares of Williams Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.50.
Check Out Our Latest Stock Analysis on Williams Companies
Williams Companies 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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