Traders Buy Williams Companies (WMB) on Weakness
Traders purchased shares of Williams Companies Inc (NYSE:WMB) on weakness during trading hours on Tuesday. $46.48 million flowed into the stock on the tick-up and $30.20 million flowed out of the stock on the tick-down, for a money net flow of $16.28 million into the stock. Of all stocks tracked, Williams Companies had the 28th highest net in-flow for the day. Williams Companies traded down ($0.15) for the day and closed at $28.09
WMB has been the topic of a number of research analyst reports. ValuEngine upgraded Williams Companies from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. US Capital Advisors reiterated a “buy” rating on shares of Williams Companies in a research report on Tuesday, July 17th. Zacks Investment Research cut Williams Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 23rd. Stifel Nicolaus initiated coverage on Williams Companies in a research report on Tuesday, August 7th. They set a “buy” rating and a $35.00 target price on the stock. Finally, UBS Group lifted their target price on Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $33.47.
The stock has a market cap of $23.26 billion, a PE ratio of 45.06, a PEG ratio of 4.61 and a beta of 1.51. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.38.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 24th. Investors of record on Friday, September 7th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.84%. The ex-dividend date is Thursday, September 6th. Williams Companies’s dividend payout ratio (DPR) is presently 215.87%.
In other Williams Companies news, VP Ted T. Timmermans sold 20,267 shares of Williams Companies stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total value of $648,544.00. Following the sale, the vice president now owns 9,955 shares of the company’s stock, valued at approximately $318,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Frank J. Ferazzi sold 1,100 shares of Williams Companies stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $31.31, for a total value of $34,441.00. Following the completion of the sale, the senior vice president now directly owns 15,037 shares in the company, valued at approximately $470,808.47. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Chicago Partners Investment Group LLC boosted its holdings in Williams Companies by 9.9% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 65,938 shares of the pipeline company’s stock valued at $1,788,000 after purchasing an additional 5,965 shares in the last quarter. Mainstay Capital Management LLC ADV purchased a new stake in Williams Companies in the 2nd quarter valued at approximately $203,000. Bank of New York Mellon Corp boosted its holdings in Williams Companies by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,299,069 shares of the pipeline company’s stock valued at $197,876,000 after purchasing an additional 247,977 shares in the last quarter. Schroder Investment Management Group purchased a new stake in Williams Companies in the 2nd quarter valued at approximately $2,660,000. Finally, Advisors Asset Management Inc. boosted its holdings in Williams Companies by 192.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 465,782 shares of the pipeline company’s stock valued at $12,627,000 after purchasing an additional 306,311 shares in the last quarter. 86.52% of the stock is currently owned by institutional investors.
Williams Companies Company Profile (NYSE:WMB)
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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