Williams Companies Inc (NYSE:WMB) Director Stephen I. Chazen purchased 4,000 shares of the business’s stock in a transaction on Friday, May 25th. The shares were acquired at an average price of $26.71 per share, with a total value of $106,840.00. Following the completion of the transaction, the director now owns 29,610 shares of the company’s stock, valued at $790,883.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Williams Companies traded down $0.19, hitting $27.00, during midday trading on Friday, MarketBeat reports. 595,817 shares of the stock traded hands, compared to its average volume of 7,994,007. The company has a market cap of $22.92 billion, a price-to-earnings ratio of 42.76 and a beta of 1.38. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 1.34. Williams Companies Inc has a one year low of $24.00 and a one year high of $33.67.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, May 2nd. The pipeline company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.09 billion. Williams Companies had a net margin of 24.02% and a return on equity of 3.61%. During the same period last year, the company posted $0.14 earnings per share. research analysts forecast that Williams Companies Inc will post 0.9 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 8th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date is Thursday, June 7th. Williams Companies’s payout ratio is currently 215.87%.
A number of hedge funds have recently added to or reduced their stakes in WMB. Schwab Charles Investment Management Inc. raised its stake in Williams Companies by 4.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,976,155 shares of the pipeline company’s stock worth $90,743,000 after buying an additional 126,329 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Williams Companies by 101.2% during the fourth quarter. State of Alaska Department of Revenue now owns 94,512 shares of the pipeline company’s stock valued at $2,880,000 after buying an additional 47,532 shares during the last quarter. Advisors Capital Management LLC grew its holdings in shares of Williams Companies by 26.4% during the fourth quarter. Advisors Capital Management LLC now owns 182,791 shares of the pipeline company’s stock valued at $5,573,000 after buying an additional 38,192 shares during the last quarter. Yellowstone Partners LLC purchased a new stake in shares of Williams Companies during the fourth quarter valued at approximately $222,000. Finally, SG Americas Securities LLC grew its holdings in shares of Williams Companies by 199.6% during the fourth quarter. SG Americas Securities LLC now owns 158,406 shares of the pipeline company’s stock valued at $4,830,000 after buying an additional 105,527 shares during the last quarter. 85.43% of the stock is owned by institutional investors.
WMB has been the subject of several analyst reports. Bank of America cut their price target on shares of Williams Companies from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, March 27th. JPMorgan Chase & Co. upgraded shares of Williams Companies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 9th. Sanford C. Bernstein lowered shares of Williams Companies from an “outperform” rating to a “market perform” rating and set a $30.00 price target for the company. in a research report on Monday, March 26th. Jefferies Group restated a “buy” rating and set a $34.00 price target on shares of Williams Companies in a research report on Wednesday, April 25th. Finally, Seaport Global Securities initiated coverage on shares of Williams Companies in a research report on Wednesday, April 25th. They set a “buy” rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.21.
About Williams Companies
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
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