Freestone Capital Holdings LLC bought a new stake in shares of The Williams Companies, Inc. (NYSE:WMB – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,981 shares of the pipeline company’s stock, valued at approximately $428,000.
Several other hedge funds have also modified their holdings of WMB. Western Pacific Wealth Management LP purchased a new stake in Williams Companies in the 4th quarter worth about $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Williams Companies in the 4th quarter worth about $26,000. Rise Advisors LLC purchased a new stake in Williams Companies in the 1st quarter worth about $27,000. Fairman Group LLC purchased a new stake in Williams Companies in the 4th quarter worth about $31,000. Finally, Alaska Permanent Fund Corp purchased a new stake in Williams Companies in the 1st quarter worth about $46,000. 86.44% of the stock is owned by hedge funds and other institutional investors.
Williams Companies Stock Performance
WMB traded up $0.70 during midday trading on Friday, reaching $42.52. The company’s stock had a trading volume of 5,567,552 shares, compared to its average volume of 5,498,141. The stock has a market cap of $51.82 billion, a P/E ratio of 17.87, a PEG ratio of 6.54 and a beta of 1.05. The company has a fifty day simple moving average of $41.98 and a 200 day simple moving average of $38.62. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The Williams Companies, Inc. has a twelve month low of $32.49 and a twelve month high of $45.10.
Williams Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.
Insider Buying and Selling at Williams Companies
In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the sale, the senior vice president now owns 60,410 shares in the company, valued at approximately $2,392,840.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.44% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on WMB. US Capital Advisors downgraded Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Royal Bank of Canada increased their price objective on Williams Companies from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Morgan Stanley upped their target price on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. CIBC upped their target price on Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Finally, Argus raised Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies has a consensus rating of “Hold” and an average price target of $41.77.
Read Our Latest Research Report on Williams Companies
Williams Companies 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 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.
Featured Articles
- Five stocks we like better than Williams Companies
- Learn Technical Analysis Skills to Master the Stock Market
- Why Call Options Volume for These 2 Stocks Spiked Together
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- MarketBeat Week in Review – 7/22 – 7/26
- How to Use the MarketBeat Stock Screener
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Williams Companies, Inc. (NYSE:WMB – Free Report).
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.