Keystone Investors PTE Ltd. lifted its stake in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 1,737.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,439 shares of the pipeline company’s stock after purchasing an additional 71,333 shares during the period. Keystone Investors PTE Ltd.’s holdings in Williams Companies were worth $4,779,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Quantbot Technologies LP increased its position in Williams Companies by 4.2% in the third quarter. Quantbot Technologies LP now owns 300,330 shares of the pipeline company’s stock worth $19,026,000 after buying an additional 12,112 shares in the last quarter. Caitlin John LLC purchased a new stake in Williams Companies in the 3rd quarter worth approximately $77,000. Gentry Private Wealth LLC raised its stake 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 acquiring an additional 199 shares during the period. Ibex Wealth Advisors lifted its holdings in Williams Companies by 0.7% during the third quarter. Ibex Wealth Advisors now owns 349,114 shares of the pipeline company’s stock valued at $22,116,000 after purchasing an additional 2,325 shares in the last quarter. Finally, TIAA Trust National Association boosted its position in shares of Williams Companies by 2,350.8% in the third quarter. TIAA Trust National Association now owns 175,013 shares of the pipeline company’s stock worth $11,087,000 after purchasing an additional 167,872 shares during the period. 86.44% of the stock is owned by institutional investors.
Williams Companies Price Performance
NYSE:WMB opened at $74.75 on Friday. The firm has a market capitalization of $91.31 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 1.33 and a beta of 0.65. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.53 and a quick ratio of 0.48. The business has a 50 day simple moving average of $65.35 and a 200-day simple moving average of $61.78. Williams Companies, Inc. has a 1 year low of $51.58 and a 1 year high of $75.59.
Williams Companies Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be given a $0.525 dividend. This is a positive change from Williams Companies’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.10 annualized dividend and a yield of 2.8%. Williams Companies’s dividend payout ratio is presently 93.46%.
Analyst Upgrades and Downgrades
WMB has been the topic of several recent analyst reports. Royal Bank Of Canada raised their price objective on shares of Williams Companies from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Wells Fargo & Company boosted their price objective on Williams Companies from $71.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. TD Cowen upped their price objective on Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. BMO Capital Markets decreased their target price on Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus boosted their price target on Williams Companies from $69.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.36.
View Our Latest Research Report on Williams Companies
Insider Transactions at Williams Companies
In other news, CAO Mary A. Hausman sold 10,107 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $74.91, for a total transaction of $757,115.37. Following the transaction, the chief accounting officer directly owned 17,230 shares of the company’s stock, valued at approximately $1,290,699.30. This trade represents a 36.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 27,000 shares of Williams Companies stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $72.92, for a total transaction of $1,968,840.00. Following the sale, the senior vice president directly owned 293,159 shares of the company’s stock, valued at $21,377,154.28. This represents a 8.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,107 shares of company stock worth $2,982,535 over the last 90 days. Insiders own 0.44% 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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