Williams Companies, Inc. (The) (NYSE:WMB – Get Free Report) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, September 11th will be paid a dividend of 0.525 per share by the pipeline company on Monday, September 28th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, September 11th.
Williams Companies has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 9 consecutive years. Williams Companies has a dividend payout ratio of 86.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Williams Companies to earn $2.06 per share next year, which means the company may not be able to cover its $2.10 annual dividend with an expected future payout ratio of 101.9%.
Williams Companies Price Performance
Williams Companies stock traded up $0.66 during trading on Wednesday, reaching $70.82. The company had a trading volume of 237,256 shares, compared to its average volume of 6,976,807. The firm has a market capitalization of $86.51 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. The firm’s 50-day simple moving average is $73.87 and its 200 day simple moving average is $72.03. 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 has a 1-year low of $55.82 and a 1-year high of $80.07.
Insider Buying and Selling
In related news, CFO John Dean Porter sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total transaction of $3,768,500.00. Following the completion of the sale, the chief financial officer directly owned 196,567 shares in the company, valued at approximately $14,815,254.79. This trade represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $74.16, for a total transaction of $148,320.00. Following the transaction, the senior vice president directly owned 283,159 shares in the company, valued at $20,999,071.44. This trade represents a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 68,500 shares of company stock worth $5,182,655 in the last quarter. 0.47% of the stock is currently owned by insiders.
Institutional Trading of Williams Companies
Hedge funds and other institutional investors have recently made changes to their positions in the company. Towne Trust Company N.A lifted its holdings in Williams Companies by 60.2% in the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 162 shares during the last quarter. Main Street Group LTD acquired a new stake in Williams Companies during the first quarter worth $26,000. Motiv8 Investments LLC purchased a new stake in Williams Companies in the fourth quarter valued at $27,000. Allied Private Wealth LLC acquired a new position in shares of Williams Companies in the 2nd quarter valued at $28,000. Finally, Clearstead Trust LLC lifted 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 purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
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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