Mosley Wealth Management bought a new stake in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 19,756 shares of the pipeline company’s stock, valued at approximately $1,255,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Towne Trust Company N.A increased its stake in shares of Williams Companies by 60.2% in the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock valued at $26,000 after buying an additional 162 shares during the period. Clearstead Trust LLC increased its stake in shares of Williams Companies by 62.2% in the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock valued at $29,000 after buying an additional 186 shares during the period. WHI TRUST Co LLC acquired a new stake in shares of Williams Companies in the 4th quarter valued at $30,000. First Command Advisory Services Inc. increased its stake in shares of Williams Companies by 216.8% in the 4th quarter. First Command Advisory Services Inc. now owns 491 shares of the pipeline company’s stock valued at $30,000 after buying an additional 336 shares during the period. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of Williams Companies in the 4th quarter valued at $30,000. 86.44% of the stock is owned by institutional investors and hedge funds.
Williams Companies Stock Down 0.8%
Shares of Williams Companies stock opened at $71.66 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99. Williams Companies, Inc. has a 12 month low of $55.82 and a 12 month high of $80.07. The business has a fifty day simple moving average of $73.43 and a 200 day simple moving average of $68.83. The stock has a market cap of $87.54 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 1.76 and a beta of 0.58.
Williams Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors 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 2.9%. Williams Companies’s payout ratio is 92.11%.
Analyst Ratings Changes
WMB has been the subject of several research reports. Royal Bank Of Canada lifted their target price on Williams Companies from $82.00 to $83.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Wall Street Zen raised Williams Companies from a “sell” rating to a “hold” rating in a research note on Sunday, April 5th. Morgan Stanley lifted their target price on Williams Companies from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Wolfe Research raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research report on Friday, March 27th. Four investment 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. According to data from MarketBeat.com, Williams Companies has an average rating of “Buy” and a consensus target price of $82.40.
View Our Latest Stock Report on WMB
Insider Buying and Selling
In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $76.35, for a total transaction of $152,700.00. Following the transaction, the senior vice president directly owned 287,159 shares in the company, valued at approximately $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 accessible through this link. Also, COO Larry C. Larsen sold 12,000 shares of Williams Companies stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $76.48, for a total value of $917,760.00. Following the transaction, the chief operating officer owned 98,219 shares in the company, valued at approximately $7,511,789.12. This represents a 10.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 68,500 shares of company stock valued at $5,177,835 in the last three months. 0.47% of the stock is currently owned by company insiders.
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.
See Also
- Five stocks we like better than Williams Companies
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies, Inc. (The) (NYSE:WMB – Free Report).
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.
