Williams Companies, Inc. (The) (NYSE:WMB – Get Free Report) SVP Terrance Wilson sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $75.56, for a total transaction of $151,120.00. Following the completion of the sale, the senior vice president owned 264,259 shares of the company’s stock, valued at $19,967,410.04. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Terrance Lane Wilson also recently made the following trade(s):
- On Friday, August 14th, Terrance Wilson sold 13,000 shares of Williams Companies stock. The stock was 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 shares were sold at an average price of $70.65, for a total transaction of $141,300.00.
- On Wednesday, July 1st, Terrance Wilson sold 2,000 shares of Williams Companies stock. The shares were sold at an average price of $74.16, for a total value of $148,320.00.
Williams Companies Stock Performance
NYSE WMB opened at $74.17 on Friday. The stock has a market capitalization of $90.72 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 1.54 and a beta of 0.59. The business’s 50 day moving average is $73.30 and its two-hundred day moving average is $73.49. Williams Companies, Inc. has a 12-month low of $56.08 and a 12-month high of $80.07. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83.
Williams Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, September 11th. Williams Companies’s payout ratio is presently 83.67%.
Analyst Upgrades and Downgrades
WMB has been the subject of a number of research analyst reports. Barclays increased their price target on shares of Williams Companies from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. UBS Group reaffirmed a “buy” rating on shares of Williams Companies in a report on Tuesday, July 14th. Truist Financial boosted their price target on Williams Companies from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Morgan Stanley upped their price target on Williams Companies from $99.00 to $103.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Williams Companies in a research note on Tuesday, July 14th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $85.60.
Check Out Our Latest Stock Analysis on Williams Companies
Hedge Funds Weigh In On Williams Companies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Main Street Group LTD acquired a new stake in shares of Williams Companies in the first quarter valued at approximately $26,000. Allied Private Wealth LLC acquired a new position in shares of Williams Companies during the 2nd quarter worth approximately $28,000. Bayforest Capital Ltd purchased a new stake in Williams Companies in the 2nd quarter valued at approximately $28,000. Cornerstone Financial Management LLC grew its holdings in Williams Companies by 56.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 386 shares of the pipeline company’s stock valued at $29,000 after buying an additional 139 shares during the last quarter. Finally, Frazier Financial Advisors LLC grew its holdings in Williams Companies by 59.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 416 shares of the pipeline company’s stock valued at $30,000 after buying an additional 155 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
Williams Companies Company Profile
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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