Columbus Macro LLC cut its stake in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,583 shares of the pipeline company’s stock after selling 28,300 shares during the period. Williams Companies makes up approximately 1.3% of Columbus Macro LLC’s investment portfolio, making the stock its 17th biggest position. Columbus Macro LLC’s holdings in Williams Companies were worth $11,978,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Towne Trust Company N.A lifted its position in Williams Companies by 60.2% in the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 162 shares during the period. Motiv8 Investments LLC bought a new position in Williams Companies during the 4th quarter valued at $27,000. Clearstead Trust LLC increased its position in shares of Williams Companies by 62.2% during the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 186 shares during the period. Kemnay Advisory Services Inc. acquired a new position in shares of Williams Companies during the 4th quarter valued at $29,000. Finally, WHI TRUST Co LLC bought a new stake in shares of Williams Companies in the 4th quarter worth $30,000. Institutional investors and hedge funds own 86.44% of the company’s stock.
Williams Companies Price Performance
Shares of NYSE:WMB opened at $77.43 on Friday. Williams Companies, Inc. has a one year low of $55.82 and a one year high of $80.07. The stock has a fifty day moving average of $73.68 and a 200-day moving average of $69.72. The company has a market capitalization of $94.59 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 1.85 and a beta of 0.58. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83.
Williams Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, June 12th will be given a $0.525 dividend. The ex-dividend date is Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.7%. Williams Companies’s dividend payout ratio (DPR) is 92.11%.
Wall Street Analysts Forecast Growth
WMB has been the subject of several research analyst reports. TD Cowen upped their price objective on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Wall Street Zen raised Williams Companies from a “sell” rating to a “hold” rating in a report on Sunday, April 5th. Wells Fargo & Company boosted their price target on shares of Williams Companies from $80.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a report on Friday, March 27th. Finally, Royal Bank Of Canada raised their price objective on shares of Williams Companies from $82.00 to $83.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $82.40.
Insider Buying and Selling
In related news, SVP Glen G. Jasek sold 2,500 shares of Williams Companies stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $78.15, for a total value of $195,375.00. Following the transaction, the senior vice president owned 54,101 shares of the company’s stock, valued at approximately $4,227,993.15. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $76.35, for a total value of $152,700.00. Following the sale, the senior vice president owned 287,159 shares in the company, valued at approximately $21,924,589.65. The trade was a 0.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 68,500 shares of company stock worth $5,177,835. Company insiders own 0.47% of the company’s stock.
Williams Companies 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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