Insider Selling: Robyn L. Ewing Sells 3,700 Shares of Williams Companies Stock (WMB)
Williams Companies (NYSE:WMB) SVP Robyn L. Ewing sold 3,700 shares of Williams Companies stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.47, for a total value of $149,739.00. Following the completion of the transaction, the senior vice president now directly owns 147,354 shares in the company, valued at approximately $5,963,416. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 one year low of $31.25 and a one year high of $40.89. The stock has a 50-day moving average of $38.80 and a 200-day moving average of $36.34. The company has a market cap of $27.235 billion and a price-to-earnings ratio of 46.15.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Shareholders 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 positive change from Williams Companies’s previous quarterly dividend of $0.38.
A number of analysts have recently weighed in on WMB shares. 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 given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.56.
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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