Insider Selling: Fred E. Pace Unloads 3,148 Shares of Williams Companies Stock (WMB)
Williams Companies (NYSE:WMB) SVP Fred E. Pace unloaded 3,148 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.48, for a total transaction of $124,283.04. Following the completion of the sale, the senior vice president now directly owns 3,149 shares in the company, valued at approximately $124,323. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Williams Companies in a research note to investors on Tuesday, January 7th. They set an “outperform” rating and a $48.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Williams Companies in a research note to investors on Tuesday, December 24th. They now have a $39.00 price target on the stock. Finally, analysts at Maxim Group initiated coverage on shares of Williams Companies in a research note to investors on Wednesday, November 13th. They set a “buy” rating and a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. Williams Companies presently has an average rating of “Buy” and a consensus price target of $41.56.
Shares of Williams Companies (NYSE:WMB) traded down 0.18% on Wednesday, hitting $39.85. 17,500,184 shares of the company’s stock traded hands. Williams Companies has a 1-year low of $31.25 and a 1-year high of $40.89. The stock’s 50-day moving average is $38.74 and its 200-day moving average is $36.34. The company has a market cap of $27.235 billion and a P/E ratio of 46.15.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of 0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Wednesday, March 12th. This is a boost from Williams Companies’s previous quarterly dividend of $0.38.
The Williams Companies, Inc (NYSE:WMB) is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGLs), and olefins.
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