Investors Buy Large Volume of Put Options on Williams Companies (WMB)
Shares of Williams Companies (NYSE:WMB) were the target of unusually large options trading activity on Monday. Investors purchased 7,668 put options on the company, Analyst Ratings Network.com reports. This represents an increase of approximately 219% compared to the average daily volume of 2,403 put options.
In other Williams Companies news, SVP Fred Pace unloaded 3,148 shares of Williams Companies stock on the open market in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.48, for a total value of $124,283.04. Following the completion of the transaction, the senior vice president now directly owns 3,149 shares of the company’s stock, valued at approximately $124,323. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Maxim Group downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. They noted that the move was a valuation call. Separately, analysts at Credit Suisse initiated coverage on shares of Williams Companies in a research note on Tuesday, January 7th. They set an “outperform” rating and a $48.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Williams Companies in a research note on Tuesday, December 24th. They now have a $39.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $41.50.
Williams Companies (NYSE:WMB) opened at 40.83 on Tuesday. Williams Companies has a 52 week low of $31.25 and a 52 week high of $41.90. The stock has a 50-day moving average of $39.55 and a 200-day moving average of $36.7. The company has a market cap of $27.904 billion and a price-to-earnings ratio of 47.23.
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 3.94%. The ex-dividend date is Wednesday, March 12th. This is a positive change 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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