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West Family Investments Inc. Sells 5,096 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

Williams Companies logo with Energy background

West Family Investments Inc. lessened its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 56.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,898 shares of the pipeline company's stock after selling 5,096 shares during the quarter. West Family Investments Inc.'s holdings in Williams Companies were worth $233,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Williams Companies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 130,356,165 shares of the pipeline company's stock valued at $7,054,876,000 after purchasing an additional 1,008,213 shares during the last quarter. Geode Capital Management LLC boosted its position in Williams Companies by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 31,263,235 shares of the pipeline company's stock worth $1,687,797,000 after acquiring an additional 540,533 shares during the period. Blackstone Inc. increased its stake in Williams Companies by 36.5% in the 4th quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company's stock valued at $1,025,795,000 after buying an additional 5,068,738 shares during the period. Northern Trust Corp increased its stake in shares of Williams Companies by 12.5% in the fourth quarter. Northern Trust Corp now owns 15,236,940 shares of the pipeline company's stock worth $824,623,000 after acquiring an additional 1,696,618 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Williams Companies during the 4th quarter worth about $575,103,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $62.70, for a total value of $125,400.00. Following the completion of the sale, the senior vice president owned 315,645 shares of the company's stock, valued at approximately $19,790,941.50. This represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.44% of the stock is owned by corporate insiders.

Williams Companies Price Performance

Shares of Williams Companies stock traded down $0.17 during trading on Thursday, reaching $58.31. The company's stock had a trading volume of 4,426,056 shares, compared to its average volume of 7,104,134. Williams Companies, Inc. has a one year low of $40.41 and a one year high of $63.45. The stock has a 50-day moving average price of $59.34 and a two-hundred day moving average price of $58.05. The stock has a market capitalization of $71.10 billion, a P/E ratio of 31.14, a price-to-earnings-growth ratio of 4.31 and a beta of 0.65. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 1.63.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates 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 was up 10.0% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. As a group, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors 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 dividend on an annualized basis and a yield of 3.43%. Williams Companies's dividend payout ratio is presently 106.95%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley increased their target price on shares of Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. TD Cowen assumed coverage on Williams Companies in a research report on Monday, July 7th. They issued a "buy" rating and a $67.00 price objective for the company. Scotiabank upped their target price on Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday. Wells Fargo & Company lifted their price target on shares of Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $63.00 price objective on shares of Williams Companies in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies has a consensus rating of "Moderate Buy" and an average target price of $61.77.

Get Our Latest Stock Report on WMB

Williams Companies Profile

(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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