Siemens Fonds Invest GmbH increased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 45.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,800 shares of the pipeline company's stock after purchasing an additional 7,113 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Williams Companies were worth $1,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the business. Quent Capital LLC purchased a new stake in shares of Williams Companies during the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust purchased a new stake in Williams Companies in the fourth quarter worth approximately $25,000. AlphaMark Advisors LLC bought a new stake in Williams Companies in the 4th quarter worth approximately $27,000. Sandy Spring Bank purchased a new stake in Williams Companies during the 4th quarter valued at $27,000. Finally, Hoey Investments Inc. bought a new position in shares of Williams Companies during the 4th quarter valued at $28,000. 86.44% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Williams Companies
In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the transaction, the senior vice president now owns 133,048 shares in the company, valued at $7,511,890.08. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Larry C. Larsen sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total value of $455,520.00. Following the sale, the senior vice president now directly owns 81,265 shares in the company, valued at $4,627,229.10. This trade represents a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,583 shares of company stock valued at $7,563,278. 0.44% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research firms recently commented on WMB. Morgan Stanley upped their price objective on Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Barclays upped their price target on shares of Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Citigroup raised their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Scotiabank upped their target price on shares of Williams Companies from $51.00 to $53.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Finally, Truist Financial lifted their price target on shares of Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.50.
Read Our Latest Report on Williams Companies
Williams Companies Price Performance
WMB traded down $0.03 on Thursday, hitting $57.90. 2,047,109 shares of the company's stock traded hands, compared to its average volume of 7,522,282. The company's 50 day simple moving average is $58.35 and its 200-day simple moving average is $57.00. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a one year low of $39.88 and a one year high of $61.67. The firm has a market cap of $70.60 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 5.01 and a beta of 0.66.
Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. As a group, research analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current year.
Williams Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.45%. Williams Companies's payout ratio is 106.95%.
Williams Companies Company Profile
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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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