Terrance Lane Wilson Sells 2,000 Shares of The Williams Companies, Inc. (NYSE:WMB) Stock

by · The Markets Daily

The Williams Companies, Inc. (NYSE:WMB – Get Free Report) SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Williams Companies Price Performance

WMB stock opened at $48.21 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a 12 month low of $32.58 and a 12 month high of $48.33. The firm has a market cap of $58.76 billion, a P/E ratio of 20.26, a P/E/G ratio of 6.54 and a beta of 1.05. The company’s 50-day moving average price is $44.61 and its two-hundred day moving average price is $41.91.

Williams Companies (NYSE:WMB – Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. On average, analysts anticipate that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

Institutional Investors Weigh In On Williams Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearbridge Investments LLC grew its holdings in shares of Williams Companies by 5.9% during the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock valued at $817,736,000 after purchasing an additional 1,175,628 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in Williams Companies by 1.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock worth $538,482,000 after buying an additional 144,713 shares during the period. Wellington Management Group LLP boosted its position in Williams Companies by 21.3% during the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after buying an additional 2,039,703 shares during the period. Dimensional Fund Advisors LP boosted its position in Williams Companies by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock worth $410,064,000 after buying an additional 311,530 shares during the period. Finally, Kayne Anderson Capital Advisors LP boosted its position in Williams Companies by 13.4% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock worth $332,828,000 after buying an additional 1,010,658 shares during the period. 86.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WMB shares. Citigroup raised their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley raised their target price on shares of Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, June 10th. Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Barclays lifted their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.46.

Check Out Our Latest Stock Analysis on Williams Companies

About Williams Companies

(Get 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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