Energy Income Partners LLC trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 12.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,324,658 shares of the pipeline company’s stock after selling 493,224 shares during the period. Williams Companies comprises 2.7% of Energy Income Partners LLC’s holdings, making the stock its 11th biggest position. Energy Income Partners LLC’s holdings in Williams Companies were worth $129,562,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. BOKF NA lifted its position in shares of Williams Companies by 12.8% in the first quarter. BOKF NA now owns 89,829 shares of the pipeline company’s stock valued at $3,492,000 after buying an additional 10,212 shares during the last quarter. Steel Grove Capital Advisors LLC increased its stake in shares of Williams Companies by 44.5% during the first quarter. Steel Grove Capital Advisors LLC now owns 25,827 shares of the pipeline company’s stock worth $1,006,000 after purchasing an additional 7,951 shares during the period. Epoch Investment Partners Inc. increased its stake in shares of Williams Companies by 0.4% during the first quarter. Epoch Investment Partners Inc. now owns 1,634,386 shares of the pipeline company’s stock worth $63,692,000 after purchasing an additional 7,314 shares during the period. LRI Investments LLC bought a new position in shares of Williams Companies during the first quarter worth approximately $81,000. Finally, 1832 Asset Management L.P. increased its stake in shares of Williams Companies by 0.3% during the first quarter. 1832 Asset Management L.P. now owns 3,784,038 shares of the pipeline company’s stock worth $147,464,000 after purchasing an additional 11,071 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.
Williams Companies Price Performance
Shares of WMB traded up $0.70 during midday trading on Friday, hitting $42.52. The company’s stock had a trading volume of 5,567,552 shares, compared to its average volume of 5,498,141. The Williams Companies, Inc. has a one year low of $32.49 and a one year high of $45.10. The company’s fifty day simple moving average is $41.98 and its two-hundred day simple moving average is $38.67. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $51.82 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 6.65 and a beta of 1.05.
Williams Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, June 7th were paid a $0.475 dividend. The ex-dividend date was Friday, June 7th. This represents a $1.90 annualized dividend and a dividend yield of 4.47%. Williams Companies’s payout ratio is 79.83%.
Insider Activity
In other news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the transaction, the senior vice president now owns 60,410 shares in the company, valued at approximately $2,392,840.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.44% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on WMB shares. Barclays increased their target price on Williams Companies from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, July 12th. Stifel Nicolaus increased their target price on Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. UBS Group increased their target price on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. CIBC increased their target price on Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, Truist Financial increased their target price on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Williams Companies has a consensus rating of “Hold” and an average target price of $41.77.
Check Out Our Latest Research Report on WMB
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.
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