Midwest Trust Co Reduces Holdings in Williams Companies, Inc. (The) $WMB

Midwest Trust Co reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 956,063 shares of the pipeline company’s stock after selling 9,471 shares during the period. Midwest Trust Co owned 0.08% of Williams Companies worth $60,567,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WMB. Hartford Funds Management Co LLC purchased a new stake in shares of Williams Companies in the second quarter valued at $29,000. Private Wealth Management Group LLC increased its position in Williams Companies by 104.8% during the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 240 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Williams Companies in the 2nd quarter valued at about $32,000. Salomon & Ludwin LLC purchased a new position in Williams Companies in the 3rd quarter valued at about $35,000. Finally, Legacy Investment Solutions LLC purchased a new position in Williams Companies in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $66.39, for a total value of $132,780.00. Following the completion of the sale, the senior vice president owned 293,545 shares of the company’s stock, valued at $19,488,452.55. This represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 8,000 shares of company stock worth $498,700 in the last ninety days. 0.44% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Williams Companies from $71.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. TD Cowen lifted their target price on shares of Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Barclays increased their price target on Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research report on Monday, December 29th. Finally, Tudor Pickering upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.64.

Williams Companies Stock Performance

Shares of NYSE:WMB opened at $67.95 on Tuesday. The business has a 50-day moving average of $61.99 and a two-hundred day moving average of $60.47. The firm has a market capitalization of $82.98 billion, a PE ratio of 35.03, a P/E/G ratio of 1.55 and a beta of 0.65. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.42 and a quick ratio of 0.36. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $68.94.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 3.1%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 13th. Williams Companies’s dividend payout ratio is presently 103.09%.

Williams Companies 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.