Oppenheimer & Co. Inc. Sells 7,541 Shares of Williams Companies, Inc. (The) $WMB

Oppenheimer & Co. Inc. trimmed its position in Williams Companies, Inc. (The) (NYSE:WMB) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,433 shares of the pipeline company’s stock after selling 7,541 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Williams Companies were worth $9,783,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Private Wealth Management Group LLC lifted its stake in Williams Companies by 104.8% in 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. Hartford Funds Management Co LLC purchased a new position in shares of Williams Companies during the 2nd quarter valued at $29,000. Atlantic Union Bankshares Corp bought a new position in shares of Williams Companies in the second quarter worth $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies in the second quarter worth $35,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Williams Companies in the third quarter worth $35,000. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WMB. Tudor Pickering upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Jefferies Financial Group boosted their price objective on Williams Companies from $71.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. TD Cowen upped their price objective on shares of Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Barclays lifted their target price on shares of Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Finally, Citigroup increased their price target on shares of Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.64.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $66.39, for a total transaction of $132,780.00. Following the completion of the sale, the senior vice president directly owned 293,545 shares in the company, valued at $19,488,452.55. This represents a 0.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 8,000 shares of company stock valued at $498,700. Insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

WMB stock opened at $67.95 on Tuesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.36 and a current ratio of 0.42. The firm has a market cap of $82.98 billion, a P/E ratio of 35.03, a P/E/G ratio of 1.55 and a beta of 0.65. The firm’s fifty day moving average is $61.99 and its 200 day moving average is $60.47. Williams Companies, Inc. has a 52 week low of $51.58 and a 52 week high of $68.94.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders 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 dividend yield of 3.1%. The ex-dividend date is Friday, March 13th. Williams Companies’s dividend payout ratio (DPR) 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.