The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Cooper Financial Group

Cooper Financial Group reduced its stake in The Williams Companies, Inc. (NYSE:WMBFree Report) by 3.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,849 shares of the pipeline company’s stock after selling 339 shares during the quarter. Cooper Financial Group’s holdings in Williams Companies were worth $345,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Patten Group Inc. increased its stake in Williams Companies by 1.3% during the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock worth $832,000 after buying an additional 296 shares during the period. Insigneo Advisory Services LLC increased its stake in Williams Companies by 2.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock worth $353,000 after buying an additional 298 shares during the period. Graypoint LLC increased its stake in Williams Companies by 2.6% during the 4th quarter. Graypoint LLC now owns 12,263 shares of the pipeline company’s stock worth $427,000 after buying an additional 307 shares during the period. Valley National Advisers Inc. raised its holdings in shares of Williams Companies by 20.8% in the 3rd quarter. Valley National Advisers Inc. now owns 1,803 shares of the pipeline company’s stock valued at $61,000 after purchasing an additional 310 shares in the last quarter. Finally, Lantz Financial LLC raised its holdings in shares of Williams Companies by 3.6% in the 1st quarter. Lantz Financial LLC now owns 9,082 shares of the pipeline company’s stock valued at $354,000 after purchasing an additional 316 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMB has been the topic of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Truist Financial raised their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. StockNews.com upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Wolfe Research restated an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a report on Thursday, April 18th. Finally, Morgan Stanley lifted their price target on shares of Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Williams Companies currently has an average rating of “Hold” and an average price target of $41.42.

Get Our Latest Research Report on Williams Companies

Insider Activity

In other news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.61, for a total value of $1,513,102.00. Following the sale, the senior vice president now owns 60,410 shares of the company’s stock, valued at $2,392,840.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Williams Companies stock traded down $0.34 during midday trading on Friday, hitting $42.06. 15,441,614 shares of the company’s stock were exchanged, compared to its average volume of 5,053,969. The Williams Companies, Inc. has a 12-month low of $30.26 and a 12-month high of $43.20. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.52. The stock has a market cap of $51.26 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 6.65 and a beta of 1.05. The firm’s 50 day simple moving average is $40.13 and its 200 day simple moving average is $37.31.

Williams Companies (NYSE:WMBGet Free Report) last issued its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.10. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Equities research analysts predict that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Friday, June 7th. Williams Companies’s payout ratio is 79.83%.

Williams Companies Profile

(Free Report)

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 natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.

Further Reading

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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