Signaturefd LLC grew its holdings in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,203 shares of the pipeline company’s stock after acquiring an additional 1,716 shares during the period. Signaturefd LLC’s holdings in Williams Companies were worth $1,242,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. SouthState Corp purchased a new position in Williams Companies in the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies during the second quarter worth $34,000. Quarry LP purchased a new position in Williams Companies during the second quarter valued at $35,000. Kimelman & Baird LLC bought a new stake in Williams Companies in the 2nd quarter valued at $42,000. Finally, EntryPoint Capital LLC purchased a new stake in Williams Companies in the 1st quarter worth $50,000. Institutional investors own 86.44% of the company’s stock.
Williams Companies Stock Down 0.1 %
Shares of NYSE WMB opened at $52.24 on Thursday. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $52.82. The firm has a 50-day simple moving average of $46.83 and a two-hundred day simple moving average of $43.14. The company has a market cap of $63.67 billion, a P/E ratio of 21.95, a PEG ratio of 5.88 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.
Williams Companies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s dividend payout ratio is currently 79.83%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on WMB. Citigroup lifted their target price on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Scotiabank upped their price objective on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Bank of America assumed coverage on Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price for the company. Barclays boosted their price target on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, UBS Group increased their price objective on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.62.
Read Our Latest Stock Report on Williams Companies
Insider Transactions at Williams Companies
In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.
See Also
- Five stocks we like better than Williams Companies
- 3 Stocks to Consider Buying in October
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- What Investors Need to Know to Beat the Market
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What is a Secondary Public Offering? What Investors Need to Know
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Williams Companies, Inc. (NYSE:WMB – Free Report).
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.