Beacon Pointe Advisors LLC raised its position in shares of The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,696 shares of the pipeline company’s stock after purchasing an additional 1,468 shares during the period. Beacon Pointe Advisors LLC’s holdings in Williams Companies were worth $1,578,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMB. Waldron Private Wealth LLC acquired a new position in Williams Companies during the 1st quarter valued at about $247,000. Envestnet Asset Management Inc. boosted its stake in Williams Companies by 30.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,254,105 shares of the pipeline company’s stock valued at $75,310,000 after purchasing an additional 521,379 shares during the period. Commonwealth Equity Services LLC boosted its stake in Williams Companies by 23.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 269,991 shares of the pipeline company’s stock valued at $9,020,000 after purchasing an additional 51,889 shares during the period. Victory Capital Management Inc. raised its position in shares of Williams Companies by 22.7% during the 1st quarter. Victory Capital Management Inc. now owns 1,532,334 shares of the pipeline company’s stock worth $52,544,000 after buying an additional 283,341 shares in the last quarter. Finally, Clearstead Advisors LLC bought a new stake in shares of Williams Companies during the 1st quarter worth about $28,000. 85.40% of the stock is owned by institutional investors and hedge funds.
Williams Companies Trading Down 1.1 %
WMB stock opened at $33.83 on Thursday. The Williams Companies, Inc. has a one year low of $24.86 and a one year high of $37.97. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.88 and a quick ratio of 0.80. The stock has a market cap of $41.22 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 6.22 and a beta of 1.22. The company has a fifty day moving average price of $31.59 and a two-hundred day moving average price of $32.89.
Williams Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 26th. Shareholders of record on Friday, December 9th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Thursday, December 8th. Williams Companies’s payout ratio is 103.66%.
Wall Street Analyst Weigh In
A number of research firms have commented on WMB. Barclays dropped their price target on shares of Williams Companies from $39.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 19th. Morgan Stanley dropped their price target on shares of Williams Companies from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 19th. Raymond James boosted their price target on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 3rd. Wells Fargo & Company boosted their target price on shares of Williams Companies from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, August 3rd. Finally, The Goldman Sachs Group downgraded shares of Williams Companies from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $35.00 to $30.00 in a report on Wednesday, September 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.25.
Insiders Place Their Bets
In other news, SVP Terrance Lane Wilson sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $34.20, for a total transaction of $290,700.00. Following the transaction, the senior vice president now directly owns 179,989 shares of the company’s stock, valued at $6,155,623.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 28,500 shares of company stock worth $971,300. Corporate insiders own 0.43% of the company’s stock.
About Williams Companies
The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.
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