CoreCap Advisors LLC bought a new position in The Williams Companies, Inc. (NYSE:WMB – Get Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,050 shares of the pipeline company’s stock, valued at approximately $158,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 7,243,812 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Williams Companies by 5.0% in the first quarter. BlackRock Inc. now owns 113,613,075 shares of the pipeline company’s stock worth $3,795,812,000 after buying an additional 5,388,309 shares in the last quarter. State Street Corp lifted its stake in shares of Williams Companies by 5.1% in the first quarter. State Street Corp now owns 88,199,537 shares of the pipeline company’s stock worth $2,946,747,000 after buying an additional 4,301,481 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Williams Companies by 17.1% in 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 buying an additional 5,244,814 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Williams Companies by 19.0% during the second quarter. Deutsche Bank AG now owns 30,845,787 shares of the pipeline company’s stock valued at $962,697,000 after purchasing an additional 4,925,183 shares during the last quarter. Institutional investors own 85.40% of the company’s stock.
Williams Companies Stock Performance
Shares of NYSE WMB opened at $33.83 on Thursday. The firm has a fifty day moving average price of $31.59 and a 200-day moving average price of $32.89. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.88 and a quick ratio of 0.80. The stock has a market cap of $41.22 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 6.22 and a beta of 1.22. The Williams Companies, Inc. has a 1 year low of $24.86 and a 1 year high of $37.97.
Williams Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 26th. Stockholders of record on Friday, December 9th will be paid a $0.425 dividend. The ex-dividend date is Thursday, December 8th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 5.03%. Williams Companies’s dividend payout ratio (DPR) is presently 103.66%.
Insider Buying and Selling
In related news, SVP Terrance Lane Wilson sold 10,000 shares of the company’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $33.76, for a total transaction of $337,600.00. Following the completion of the transaction, the senior vice president now owns 198,489 shares in the company, valued at $6,700,988.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 28,500 shares of company stock worth $971,300. 0.43% of the stock is owned by insiders.
Analysts Set New Price Targets
Several research analysts have recently weighed in on WMB shares. The Goldman Sachs Group cut shares of Williams Companies from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $35.00 to $30.00 in a report on Wednesday, September 7th. Morgan Stanley decreased their price objective on shares of Williams Companies from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Wednesday, October 19th. StockNews.com started coverage on shares of Williams Companies in a report on Wednesday, October 12th. They set a “hold” rating for the company. Mizuho boosted their price objective on shares of Williams Companies from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, Raymond James boosted their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.25.
About Williams Companies
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.
- Get a free copy of the StockNews.com research report on Williams Companies (WMB)
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