Trivium Point Advisory LLC boosted its position in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 8.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 166,101 shares of the pipeline company’s stock after acquiring an additional 13,341 shares during the period. Williams Companies accounts for approximately 1.1% of Trivium Point Advisory LLC’s portfolio, making the stock its 17th largest holding. Trivium Point Advisory LLC’s holdings in Williams Companies were worth $10,522,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Williams Companies in the second quarter valued at approximately $765,164,000. BROOKFIELD Corp ON grew its stake in Williams Companies by 190.3% in the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock valued at $755,490,000 after buying an additional 7,884,730 shares in the last quarter. Invesco Ltd. grew its stake in Williams Companies by 27.3% in the 2nd quarter. Invesco Ltd. now owns 14,417,821 shares of the pipeline company’s stock valued at $905,583,000 after buying an additional 3,089,390 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Williams Companies by 39.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 6,954,733 shares of the pipeline company’s stock valued at $436,827,000 after acquiring an additional 1,950,485 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Williams Companies by 1.5% during the second quarter. Vanguard Group Inc. now owns 133,075,340 shares of the pipeline company’s stock worth $8,358,462,000 after acquiring an additional 1,912,156 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.
Williams Companies Stock Performance
Williams Companies stock opened at $74.75 on Friday. The firm has a fifty day simple moving average of $65.35 and a two-hundred day simple moving average of $61.78. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 1.83. Williams Companies, Inc. has a twelve month low of $51.58 and a twelve month high of $75.59. The company has a market capitalization of $91.31 billion, a PE ratio of 34.93, a P/E/G ratio of 1.33 and a beta of 0.65.
Williams Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be given a $0.525 dividend. The ex-dividend date is Friday, March 13th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.8%. Williams Companies’s dividend payout ratio is presently 93.46%.
Wall Street Analysts Forecast Growth
WMB has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on Williams Companies from $71.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Royal Bank Of Canada lifted their price target on Williams Companies from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Citigroup upped their price objective on shares of Williams Companies from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Jefferies Financial Group raised their price objective on shares of Williams Companies from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Finally, UBS Group upped their target price on shares of Williams Companies from $78.00 to $89.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.36.
Read Our Latest Stock Analysis on Williams Companies
Insider Activity
In other Williams Companies news, SVP Terrance Lane Wilson sold 27,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $72.92, for a total transaction of $1,968,840.00. Following the completion of the transaction, the senior vice president owned 293,159 shares of the company’s stock, valued at $21,377,154.28. This represents a 8.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Mary A. Hausman sold 10,107 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $74.91, for a total value of $757,115.37. Following the transaction, the chief accounting officer directly owned 17,230 shares in the company, valued at $1,290,699.30. This trade represents a 36.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 41,107 shares of company stock valued at $2,982,535. Insiders own 0.44% 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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