Williams Companies, Inc. (The) (NYSE:WMB – Get Free Report) SVP Terrance Wilson sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $67.85, for a total transaction of $135,700.00. Following the completion of the transaction, the senior vice president owned 262,259 shares of the company’s stock, valued at $17,794,273.15. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Terrance Lane Wilson also recently made the following trade(s):
- On Tuesday, September 1st, Terrance Wilson sold 2,000 shares of Williams Companies stock. The stock was sold at an average price of $75.56, for a total transaction of $151,120.00.
- On Friday, August 14th, Terrance Wilson sold 13,000 shares of Williams Companies stock. The shares were sold at an average price of $74.87, for a total transaction of $973,310.00.
- On Monday, August 3rd, Terrance Wilson sold 2,000 shares of Williams Companies stock. The stock was sold at an average price of $70.65, for a total value of $141,300.00.
Williams Companies Stock Performance
NYSE:WMB traded up $0.62 during trading hours on Friday, hitting $69.84. 2,350,620 shares of the company were exchanged, compared to its average volume of 7,045,018. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. The company’s 50 day moving average price is $72.21 and its 200-day moving average price is $73.17. Williams Companies, Inc. has a 52-week low of $56.19 and a 52-week high of $80.07. The stock has a market capitalization of $85.42 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 1.44 and a beta of 0.65.
Williams Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Friday, September 11th were given a dividend of $0.5250 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $2.10 dividend on an annualized basis and a yield of 3.0%. Williams Companies’s dividend payout ratio (DPR) is currently 83.67%.
Hedge Funds Weigh In On Williams Companies
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Williams Companies by 1.9% in the 4th quarter. State Street Corp now owns 67,981,106 shares of the pipeline company’s stock worth $4,086,344,000 after buying an additional 1,296,991 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Williams Companies in the second quarter worth approximately $3,320,606,000. Wellington Management Group LLP increased its position in shares of Williams Companies by 43.4% during the second quarter. Wellington Management Group LLP now owns 33,097,208 shares of the pipeline company’s stock worth $2,460,446,000 after purchasing an additional 10,013,946 shares in the last quarter. Clearbridge Investments LLC raised its stake in Williams Companies by 21.3% in the 4th quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company’s stock valued at $1,281,875,000 after purchasing an additional 3,748,126 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Williams Companies by 1.2% in the 4th quarter. Deutsche Bank AG now owns 20,036,698 shares of the pipeline company’s stock valued at $1,204,406,000 after purchasing an additional 239,732 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages recently issued reports on WMB. Barclays initiated coverage on shares of Williams Companies in a report on Thursday. They set an “overweight” rating and a $82.00 target price for the company. Wall Street Zen lowered Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a report on Monday, September 21st. Royal Bank Of Canada raised their price objective on shares of Williams Companies from $83.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Scotiabank decreased their target price on shares of Williams Companies from $86.00 to $85.00 and set a “sector outperform” rating for the company in a research note on Thursday, September 10th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $86.35.
Check Out Our Latest Analysis on Williams Companies
Williams Companies Company Profile
Williams Companies, Inc is an energy infrastructure company focused primarily on the gathering, processing, storage and transportation of natural gas and natural gas liquids. Through its extensive network of pipelines and related facilities, the company connects major U.S. producing regions with utilities, industrial customers, power generators and other energy markets.
Williams’ principal assets include the Transco interstate natural gas pipeline, which serves markets along the U.S. East Coast, as well as gathering and processing operations in regions such as the Appalachian Basin, the Rocky Mountains and the Western United States.
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