Lazard Asset Management LLC trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,153 shares of the pipeline company’s stock after selling 947 shares during the quarter. Lazard Asset Management LLC’s holdings in Williams Companies were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Williams Companies by 6.3% in the first quarter. Vanguard Group Inc. now owns 122,908,600 shares of the pipeline company’s stock worth $4,106,376,000 after purchasing an additional 7,243,812 shares during the period. BlackRock Inc. raised its stake in Williams Companies by 5.0% during the first quarter. BlackRock Inc. now owns 113,613,075 shares of the pipeline company’s stock worth $3,795,812,000 after acquiring an additional 5,388,309 shares in the last quarter. State Street Corp raised its stake in Williams Companies by 5.1% during the first quarter. State Street Corp now owns 88,199,537 shares of the pipeline company’s stock worth $2,946,747,000 after acquiring an additional 4,301,481 shares in the last quarter. Bank of America Corp DE raised its stake in Williams Companies by 17.1% during the first quarter. Bank of America Corp DE now owns 35,897,960 shares of the pipeline company’s stock worth $1,199,352,000 after acquiring an additional 5,244,814 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Williams Companies by 85.8% during the first quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock worth $546,327,000 after acquiring an additional 7,551,749 shares in the last quarter. 85.40% of the stock is owned by institutional investors.
Williams Companies Price Performance
Williams Companies stock opened at $33.40 on Friday. The business’s 50-day simple moving average is $31.58 and its 200 day simple moving average is $32.97. The stock has a market cap of $40.69 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 6.19 and a beta of 1.22. The Williams Companies, Inc. has a 12-month low of $24.86 and a 12-month high of $37.97. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 1.62.
Williams Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 26th. Investors of record on Friday, December 9th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 5.09%. The ex-dividend date is Thursday, December 8th. Williams Companies’s dividend payout ratio is 103.66%.
Insider Activity at Williams Companies
In other Williams Companies news, SVP Terrance Lane Wilson sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $34.30, for a total transaction of $343,000.00. Following the transaction, the senior vice president now owns 188,489 shares in the company, valued at $6,465,172.70. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.43% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on Williams Companies from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 3rd. Mizuho increased their price objective on Williams Companies from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. The Goldman Sachs Group lowered Williams Companies from a “neutral” rating to a “sell” rating and lowered their target price for the company from $35.00 to $30.00 in a research note on Wednesday, September 7th. TD Securities raised their target price on Williams Companies from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, Morgan Stanley lowered their target price on Williams Companies from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Williams Companies currently has a consensus rating of “Moderate Buy” and an average price target of $36.25.
Williams Companies Company Profile
The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.
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