Compass Wealth Management LLC bought a new position in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 68,048 shares of the pipeline company’s stock, valued at approximately $5,059,000.
Several other institutional investors have also recently added to or reduced their stakes in WMB. Brighton Jones LLC boosted its stake in Williams Companies by 40.9% during the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock worth $740,000 after acquiring an additional 3,969 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Williams Companies by 5.5% during the second quarter. Sivia Capital Partners LLC now owns 4,635 shares of the pipeline company’s stock valued at $291,000 after purchasing an additional 242 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Williams Companies by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 568,928 shares of the pipeline company’s stock worth $35,734,000 after purchasing an additional 11,926 shares in the last quarter. Main Street Financial Solutions LLC grew its stake in shares of Williams Companies by 3.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 10,248 shares of the pipeline company’s stock valued at $644,000 after buying an additional 296 shares during the period. Finally, Ieq Capital LLC grew its stake in shares of Williams Companies by 160.1% in the 2nd quarter. Ieq Capital LLC now owns 165,035 shares of the pipeline company’s stock valued at $10,366,000 after buying an additional 101,574 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.
Williams Companies Trading Up 2.5%
Shares of WMB stock opened at $75.25 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. The firm has a market cap of $92.05 billion, a P/E ratio of 29.98, a PEG ratio of 1.58 and a beta of 0.59. The company has a 50 day moving average of $73.38 and a 200-day moving average of $73.07. Williams Companies, Inc. has a 12-month low of $55.82 and a 12-month high of $80.07.
Williams Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies’s dividend payout ratio is currently 83.67%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Wells Fargo & Company boosted their target price on Williams Companies from $89.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research note on Wednesday, June 24th. Citigroup raised their target price on Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Scotiabank lifted their target price on Williams Companies from $85.00 to $86.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, May 12th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Williams Companies has an average rating of “Buy” and a consensus target price of $85.60.
View Our Latest Analysis on WMB
Insider Buying and Selling at Williams Companies
In other news, SVP Terrance Lane Wilson sold 13,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction of $973,310.00. Following the completion of the transaction, the senior vice president owned 268,159 shares in the company, valued at approximately $20,077,064.33. This represents a 4.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 17,000 shares of company stock worth $1,262,930. 0.47% of the stock is currently owned by corporate insiders.
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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