Insider Selling: Williams Companies Inc (WMB) Insider Sells 10,000 Shares of Stock
Williams Companies Inc (NYSE:WMB) insider Robyn L. Ewing sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $30.57, for a total value of $305,700.00. Following the sale, the insider now directly owns 42,903 shares in the company, valued at approximately $1,311,544.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Williams Companies Inc (NYSE:WMB) traded down 1.44% during mid-day trading on Wednesday, hitting $30.05. The company had a trading volume of 1,443,241 shares. The firm has a market capitalization of $24.83 billion, a PE ratio of 2003.33 and a beta of 1.35. Williams Companies Inc has a 12-month low of $19.60 and a 12-month high of $32.69. The company’s 50 day moving average price is $30.33 and its 200-day moving average price is $29.72.
Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.06. Williams Companies had a positive return on equity of 2.16% and a negative net margin of 15.19%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $0.03 EPS. On average, analysts forecast that Williams Companies Inc will post $0.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Friday, June 9th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.94%. Williams Companies’s dividend payout ratio is presently -53.69%.
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Several large investors have recently bought and sold shares of WMB. Thrivent Financial for Lutherans raised its stake in Williams Companies by 5.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 23,490 shares of the pipeline company’s stock worth $731,000 after buying an additional 1,220 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in Williams Companies by 693.8% in the first quarter. Miller Howard Investments Inc. NY now owns 2,530,635 shares of the pipeline company’s stock worth $74,881,000 after buying an additional 2,211,840 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Williams Companies by 11.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,081,594 shares of the pipeline company’s stock worth $64,821,000 after buying an additional 212,040 shares in the last quarter. Michael & Susan Dell Foundation acquired a new stake in Williams Companies during the fourth quarter worth $12,289,000. Finally, Doyle Wealth Management acquired a new stake in Williams Companies during the first quarter worth $15,718,000. Institutional investors own 80.63% of the company’s stock.
Several analysts have issued reports on WMB shares. Zacks Investment Research raised Williams Companies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 4th. BMO Capital Markets set a $32.00 price target on Williams Companies and gave the company a “buy” rating in a research note on Wednesday, March 22nd. Citigroup Inc raised Williams Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $32.00 to $36.00 in a research note on Friday, April 7th. Goldman Sachs Group Inc raised Williams Companies from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, March 1st. Finally, Credit Suisse Group AG started coverage on Williams Companies in a research note on Thursday, January 26th. They issued an “outperform” rating and a $33.00 price target on the stock. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $32.32.
About Williams Companies
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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