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Williams Companies, Inc. (The) (NYSE:WMB) Shares Sold by DekaBank Deutsche Girozentrale

Williams Companies logo with Energy background

DekaBank Deutsche Girozentrale trimmed its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,952 shares of the pipeline company's stock after selling 35,541 shares during the period. DekaBank Deutsche Girozentrale's holdings in Williams Companies were worth $12,873,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. HWG Holdings LP purchased a new position in Williams Companies during the 1st quarter worth $26,000. Menard Financial Group LLC purchased a new position in Williams Companies during the 4th quarter worth $26,000. Sandy Spring Bank purchased a new position in Williams Companies during the 4th quarter worth $27,000. Hoey Investments Inc. purchased a new position in Williams Companies during the 4th quarter worth $28,000. Finally, Abound Financial LLC purchased a new position in Williams Companies during the 1st quarter worth $32,000. 86.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WMB has been the topic of several research analyst reports. Barclays boosted their target price on Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Royal Bank Of Canada restated an "outperform" rating and set a $63.00 target price on shares of Williams Companies in a research note on Friday, May 16th. Wells Fargo & Company boosted their target price on Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Scotiabank boosted their target price on Williams Companies from $52.00 to $59.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Finally, Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.69.

Check Out Our Latest Report on WMB

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $62.70, for a total value of $125,400.00. Following the completion of the transaction, the senior vice president owned 315,645 shares of the company's stock, valued at $19,790,941.50. The trade was a 0.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Performance

Shares of WMB stock traded up $0.47 on Friday, hitting $58.25. The company had a trading volume of 7,545,940 shares, compared to its average volume of 7,116,136. The firm has a market cap of $71.03 billion, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 4.30 and a beta of 0.65. The company has a 50-day moving average price of $59.37 and a 200-day moving average price of $57.98. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.63. Williams Companies, Inc. has a twelve month low of $40.41 and a twelve month high of $63.45.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. The business had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The company's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. As a group, equities research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.50 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.43%. Williams Companies's dividend payout ratio (DPR) is presently 106.95%.

About Williams Companies

(Free Report)

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.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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