Clear Trail Advisors LLC purchased a new stake in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 15,969 shares of the pipeline company’s stock, valued at approximately $960,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of WMB. Envestnet Asset Management Inc. lifted its position in Williams Companies by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,540,556 shares of the pipeline company’s stock worth $287,644,000 after acquiring an additional 134,777 shares in the last quarter. World Investment Advisors grew its position in Williams Companies by 185.6% in the third quarter. World Investment Advisors now owns 43,069 shares of the pipeline company’s stock valued at $2,728,000 after acquiring an additional 27,987 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Williams Companies by 9.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 184,123 shares of the pipeline company’s stock valued at $11,664,000 after purchasing an additional 16,027 shares during the period. Compass Wealth Management LLC lifted its position in shares of Williams Companies by 75.9% during the third quarter. Compass Wealth Management LLC now owns 125,290 shares of the pipeline company’s stock worth $7,937,000 after purchasing an additional 54,057 shares in the last quarter. Finally, Atlantic Union Bankshares Corp lifted its position in shares of Williams Companies by 3,344.8% during the third quarter. Atlantic Union Bankshares Corp now owns 17,465 shares of the pipeline company’s stock worth $1,106,000 after purchasing an additional 16,958 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
Williams Companies Trading Up 1.6%
WMB opened at $73.56 on Tuesday. Williams Companies, Inc. has a 12-month low of $51.58 and a 12-month high of $76.87. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market capitalization of $89.86 billion, a PE ratio of 34.38, a P/E/G ratio of 1.24 and a beta of 0.63. The firm’s fifty day moving average price is $69.86 and its 200 day moving average price is $63.72.
Williams Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be issued a $0.525 dividend. This is an increase from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, March 13th. Williams Companies’s dividend payout ratio is presently 98.13%.
Insider Transactions at Williams Companies
In other news, SVP Payvand Fazel sold 2,898 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $73.15, for a total value of $211,988.70. Following the completion of the sale, the senior vice president directly owned 31,766 shares in the company, valued at approximately $2,323,682.90. The trade was a 8.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $75.24, for a total value of $150,480.00. Following the sale, the senior vice president directly owned 291,159 shares in the company, valued at approximately $21,906,803.16. This represents a 0.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 51,369 shares of company stock worth $3,769,012. 0.44% of the stock is owned by corporate insiders.
Analyst Ratings Changes
WMB has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Williams Companies from $69.00 to $78.00 and gave the company a “buy” rating in a report on Friday, February 13th. Royal Bank Of Canada upped their price objective on shares of Williams Companies from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Tudor Pickering upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research report on Monday, December 29th. Finally, Zacks Research upgraded Williams Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $76.50.
Read Our Latest Stock Report on Williams Companies
Williams Companies Company Profile
Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.
Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.
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