Compound Planning Inc. reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 32.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,741 shares of the pipeline company’s stock after selling 8,900 shares during the period. Compound Planning Inc.’s holdings in Williams Companies were worth $1,187,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. LRI Investments LLC increased its position in Williams Companies by 8.8% during the third quarter. LRI Investments LLC now owns 2,169 shares of the pipeline company’s stock worth $137,000 after buying an additional 176 shares in the last quarter. Patten & Patten Inc. TN increased its position in Williams Companies by 1.7% during the 3rd quarter. Patten & Patten Inc. TN now owns 11,087 shares of the pipeline company’s stock worth $702,000 after purchasing an additional 187 shares in the last quarter. Chesley Taft & Associates LLC raised its stake in Williams Companies by 1.9% in the 3rd quarter. Chesley Taft & Associates LLC now owns 10,420 shares of the pipeline company’s stock valued at $660,000 after purchasing an additional 199 shares during the last quarter. Bank of Jackson Hole Trust raised its stake in Williams Companies by 42.5% in the 2nd quarter. Bank of Jackson Hole Trust now owns 671 shares of the pipeline company’s stock valued at $42,000 after purchasing an additional 200 shares during the last quarter. Finally, Tradewinds Capital Management LLC lifted its holdings in Williams Companies by 9.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 2,425 shares of the pipeline company’s stock valued at $154,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Williams Companies Trading Up 0.7%
WMB stock opened at $74.01 on Thursday. Williams Companies, Inc. has a 52 week low of $51.58 and a 52 week high of $74.09. The company has a market cap of $90.38 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 1.31 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 1.83. The business has a fifty day simple moving average of $64.70 and a 200-day simple moving average of $61.57.
Williams Companies Increases Dividend
The firm also recently declared 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. The ex-dividend date is Friday, March 13th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.8%. Williams Companies’s payout ratio is 93.46%.
Insiders Place Their Bets
In other Williams Companies news, SVP Terrance Lane Wilson sold 27,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $72.92, for a total transaction of $1,968,840.00. Following the completion of the sale, the senior vice president directly owned 293,159 shares in the company, valued at $21,377,154.28. The trade was a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 31,000 shares of company stock worth $2,225,420 over the last 90 days. Insiders own 0.44% of the company’s stock.
Wall Street Analyst Weigh In
WMB has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of Williams Companies from $78.00 to $89.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. TD Cowen boosted their price target on Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Stifel Nicolaus raised their price objective on Williams Companies from $69.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Wells Fargo & Company lifted their price objective on Williams Companies from $71.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, Zacks Research upgraded Williams Companies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.36.
About Williams Companies
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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