Rothschild Investment LLC increased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 80.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,912 shares of the pipeline company’s stock after buying an additional 8,903 shares during the period. Rothschild Investment LLC’s holdings in Williams Companies were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. BROOKFIELD Corp ON boosted its position in Williams Companies by 190.3% during the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock worth $755,490,000 after purchasing an additional 7,884,730 shares during the period. Wellington Management Group LLP boosted its position in Williams Companies by 15.9% during the third quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock worth $3,077,942,000 after purchasing an additional 6,668,950 shares during the period. SG Americas Securities LLC boosted its position in Williams Companies by 4,992.2% during the fourth quarter. SG Americas Securities LLC now owns 3,704,739 shares of the pipeline company’s stock worth $222,692,000 after purchasing an additional 3,631,986 shares during the period. Dimensional Fund Advisors LP boosted its position in Williams Companies by 30.4% during the third quarter. Dimensional Fund Advisors LP now owns 9,073,602 shares of the pipeline company’s stock worth $574,856,000 after purchasing an additional 2,116,526 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Williams Companies by 27.4% during the third quarter. Ameriprise Financial Inc. now owns 7,753,924 shares of the pipeline company’s stock worth $491,225,000 after purchasing an additional 1,668,706 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.
Williams Companies Trading Down 2.4%
WMB opened at $71.41 on Friday. Williams Companies, Inc. has a twelve month low of $55.82 and a twelve month high of $80.07. The company has a 50-day simple moving average of $73.77 and a 200 day simple moving average of $68.03. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $87.23 billion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 1.26 and a beta of 0.61.
Williams Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.10 annualized dividend and a yield of 2.9%. Williams Companies’s payout ratio is presently 92.11%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Jefferies Financial Group lifted their price objective on shares of Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. UBS Group lifted their price objective on shares of Williams Companies from $89.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group raised shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Monday, April 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research report on Friday, March 27th. Finally, Citigroup lifted their price objective on shares of Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Williams Companies presently has a consensus rating of “Buy” and an average price target of $82.40.
View Our Latest Report on Williams Companies
Insider Activity
In other Williams Companies news, SVP Glen G. Jasek sold 2,500 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $78.15, for a total transaction of $195,375.00. Following the completion of the transaction, the senior vice president owned 54,101 shares of the company’s stock, valued at approximately $4,227,993.15. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 12,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $76.48, for a total value of $917,760.00. Following the transaction, the chief operating officer directly owned 98,219 shares of the company’s stock, valued at approximately $7,511,789.12. The trade was a 10.89% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 80,762 shares of company stock valued at $6,088,112. Corporate insiders own 0.47% of the company’s stock.
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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