Keybank National Association OH Has $1.83 Million Stock Holdings in Williams Companies, Inc. (The) (NYSE:WMB)

Keybank National Association OH raised its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 36.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,666 shares of the pipeline company's stock after acquiring an additional 8,206 shares during the period. Keybank National Association OH's holdings in Williams Companies were worth $1,833,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Williams Companies in the 4th quarter worth about $575,103,000. Blackstone Inc. boosted its position in shares of Williams Companies by 36.5% during the fourth quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company's stock worth $1,025,795,000 after buying an additional 5,068,738 shares during the period. Marshall Wace LLP grew its holdings in Williams Companies by 2,303.2% in the 4th quarter. Marshall Wace LLP now owns 3,517,336 shares of the pipeline company's stock worth $190,358,000 after buying an additional 3,370,974 shares in the last quarter. GAMMA Investing LLC increased its position in Williams Companies by 6,407.2% in the 1st quarter. GAMMA Investing LLC now owns 2,238,490 shares of the pipeline company's stock valued at $133,772,000 after acquiring an additional 2,204,090 shares during the period. Finally, Castle Hook Partners LP raised its stake in Williams Companies by 69.1% during the 4th quarter. Castle Hook Partners LP now owns 5,055,184 shares of the pipeline company's stock valued at $273,587,000 after acquiring an additional 2,065,906 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WMB shares. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. TD Cowen initiated coverage on shares of Williams Companies in a research report on Monday. They issued a "buy" rating and a $67.00 target price for the company. Wells Fargo & Company raised their target price on shares of Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Morgan Stanley increased their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Finally, Scotiabank boosted their target price on Williams Companies from $52.00 to $59.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Williams Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.69.

Williams Companies Price Performance

Shares of NYSE WMB traded down $0.86 during trading on Tuesday, hitting $57.62. The company had a trading volume of 5,306,304 shares, compared to its average volume of 7,031,665. Williams Companies, Inc. has a 52 week low of $40.41 and a 52 week high of $63.45. The business's 50-day moving average is $59.49 and its 200 day moving average is $57.91. The company has a market cap of $70.26 billion, a P/E ratio of 30.81, a PEG ratio of 4.33 and a beta of 0.65. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.36 and a current ratio of 0.40.

Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. Williams Companies's revenue for the quarter was up 10.0% compared to the same quarter last year. 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 company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.47%. Williams Companies's dividend payout ratio is currently 106.95%.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $62.70, for a total transaction of $125,400.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.44% of the company's stock.

About Williams Companies

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.