Clear Trail Advisors LLC bought a new stake in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,969 shares of the pipeline company’s stock, valued at approximately $960,000.
Several other hedge funds also recently modified their holdings of WMB. Brighton Jones LLC grew its holdings in shares of Williams Companies by 40.9% during the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock worth $740,000 after buying an additional 3,969 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Williams Companies by 5.5% during the second quarter. Sivia Capital Partners LLC now owns 4,635 shares of the pipeline company’s stock valued at $291,000 after buying an additional 242 shares during the period. MAI Capital Management boosted its position in Williams Companies by 5.8% during the second quarter. MAI Capital Management now owns 43,474 shares of the pipeline company’s stock worth $2,731,000 after acquiring an additional 2,400 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in Williams Companies by 36.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 31,744 shares of the pipeline company’s stock worth $1,994,000 after acquiring an additional 8,436 shares during the period. Finally, Prudential Financial Inc. grew its stake in Williams Companies by 38.4% in the 2nd quarter. Prudential Financial Inc. now owns 2,005,271 shares of the pipeline company’s stock worth $125,951,000 after acquiring an additional 555,972 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.
Williams Companies Stock Up 1.6%
Shares of NYSE WMB opened at $73.56 on Tuesday. The stock has a market capitalization of $89.86 billion, a PE ratio of 34.38, a P/E/G ratio of 1.24 and a beta of 0.63. 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 firm has a fifty day moving average of $69.86 and a 200-day moving average of $63.72. Williams Companies, Inc. has a 52-week low of $51.58 and a 52-week high of $76.87.
Williams Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.10 annualized dividend and a dividend yield of 2.9%. This is an increase from Williams Companies’s previous quarterly dividend of $0.50. Williams Companies’s dividend payout ratio is presently 98.13%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on WMB shares. Stifel Nicolaus increased their price target on Williams Companies from $69.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Wall Street Zen upgraded Williams Companies from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Morgan Stanley increased their target price on Williams Companies from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Royal Bank Of Canada raised their price target on Williams Companies from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Finally, Citigroup lifted their price target on Williams Companies from $70.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Williams Companies has a consensus rating of “Moderate Buy” and a consensus price target of $76.50.
Read Our Latest Stock Report on WMB
Insider Transactions at Williams Companies
In other news, SVP Terrance Lane Wilson sold 27,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was 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 owned 293,159 shares in the company, valued at approximately $21,377,154.28. The trade was a 8.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Payvand Fazel sold 2,898 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $73.15, for a total transaction of $211,988.70. Following the sale, the senior vice president directly owned 31,766 shares of the company’s stock, valued at approximately $2,323,682.90. This trade represents a 8.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 51,369 shares of company stock valued at $3,769,012. 0.44% of the stock is currently owned by company insiders.
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.
Featured Articles
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.
