Williams Companies, Inc. (The) (NYSE:WMB – Get Free Report) SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $74.16, for a total value of $148,320.00. Following the completion of the transaction, the senior vice president directly owned 283,159 shares in the company, valued at $20,999,071.44. This trade represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Terrance Lane Wilson also recently made the following trade(s):
- On Friday, May 1st, Terrance Lane Wilson sold 2,000 shares of Williams Companies stock. The stock was sold at an average price of $76.35, for a total value of $152,700.00.
Williams Companies Trading Down 0.1%
Shares of NYSE:WMB opened at $73.09 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.76. Williams Companies, Inc. has a 1 year low of $55.82 and a 1 year high of $80.07. The company has a market cap of $89.28 billion, a P/E ratio of 32.06, a PEG ratio of 1.79 and a beta of 0.57. The stock’s fifty day moving average price is $74.10 and its 200-day moving average price is $70.23.
Williams Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were given a dividend of $0.525 per share. The ex-dividend date was Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a yield of 2.9%. Williams Companies’s dividend payout ratio is 92.11%.
Analysts Set New Price Targets
WMB has been the subject of several recent research reports. Jefferies Financial Group cut their price target on Williams Companies from $87.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday. Wells Fargo & Company upped their target price on shares of Williams Companies from $80.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Citigroup raised their target price on shares of Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, May 8th. TD Cowen boosted their price target on shares of Williams Companies from $81.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Wolfe Research raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $82.94.
View Our Latest Stock Report on WMB
Institutional Investors Weigh In On Williams Companies
Institutional investors have recently modified their holdings of the stock. Main Street Group LTD purchased a new stake in Williams Companies during the 1st quarter valued at $26,000. Frazier Financial Advisors LLC raised its stake in shares of Williams Companies by 59.4% in the first quarter. Frazier Financial Advisors LLC now owns 416 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 155 shares during the period. Towne Trust Company N.A raised its stake in shares of Williams Companies by 60.2% in the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 162 shares during the period. Motiv8 Investments LLC purchased a new position in shares of Williams Companies during the 4th quarter worth about $27,000. Finally, Cornerstone Planning Group LLC grew its holdings in Williams Companies by 102.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 480 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 243 shares during the last quarter. 86.44% of the stock is owned by institutional investors.
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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