International Assets Investment Management LLC lessened its position in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 35.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,437 shares of the pipeline company’s stock after selling 7,891 shares during the quarter. International Assets Investment Management LLC’s holdings in Williams Companies were worth $431,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Motco lifted its holdings in shares of Williams Companies by 306.2% in the 4th quarter. Motco now owns 784 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 591 shares during the last quarter. Richard W. Paul & Associates LLC bought a new stake in Williams Companies during the 4th quarter valued at about $26,000. Concord Wealth Partners bought a new stake in Williams Companies during the 4th quarter valued at about $29,000. Salem Investment Counselors Inc. lifted its holdings in Williams Companies by 52.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 915 shares of the pipeline company’s stock valued at $29,000 after buying an additional 315 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in Williams Companies by 1,178.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 946 shares of the pipeline company’s stock valued at $31,000 after buying an additional 872 shares in the last quarter. Institutional investors own 84.71% of the company’s stock.
Williams Companies Stock Up 0.3 %
NYSE:WMB opened at $32.63 on Monday. The company has a market cap of $39.75 billion, a PE ratio of 15.32, a P/E/G ratio of 4.69 and a beta of 1.18. The Williams Companies, Inc. has a twelve month low of $27.80 and a twelve month high of $35.79. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.59. The company’s 50 day moving average is $29.99 and its two-hundred day moving average is $30.68.
Williams Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Monday, June 12th were issued a $0.4475 dividend. This represents a $1.79 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend was Friday, June 9th. Williams Companies’s dividend payout ratio (DPR) is currently 84.04%.
Insider Activity
In other news, SVP Scott A. Hallam sold 14,388 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $30.64, for a total value of $440,848.32. Following the sale, the senior vice president now directly owns 248,554 shares of the company’s stock, valued at approximately $7,615,694.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Scott A. Hallam sold 14,388 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $30.64, for a total value of $440,848.32. Following the completion of the transaction, the senior vice president now directly owns 248,554 shares in the company, valued at approximately $7,615,694.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Scott A. Hallam sold 7,194 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $31.00, for a total transaction of $223,014.00. Following the completion of the transaction, the senior vice president now owns 241,360 shares of the company’s stock, valued at $7,482,160. The disclosure for this sale can be found here. Insiders have sold 28,776 shares of company stock valued at $894,070 in the last ninety days. Insiders own 0.44% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on WMB. Morgan Stanley decreased their price objective on shares of Williams Companies from $41.00 to $39.00 in a report on Tuesday, April 25th. StockNews.com started coverage on shares of Williams Companies in a report on Thursday, May 18th. They issued a “hold” rating for the company. Scotiabank restated a “sector perform” rating and issued a $35.00 price target on shares of Williams Companies in a report on Friday, April 14th. JPMorgan Chase & Co. reduced their price target on shares of Williams Companies from $36.00 to $35.00 in a report on Tuesday, April 18th. Finally, Barclays reduced their price target on shares of Williams Companies from $36.00 to $35.00 in a report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.42.
Williams Companies Company Profile
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.
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