Westwood Holdings Group Inc. Reduces Position in Williams Companies Inc (NYSE:WMB)
Westwood Holdings Group Inc. lessened its stake in shares of Williams Companies Inc (NYSE:WMB) by 30.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,366,484 shares of the pipeline company’s stock after selling 597,690 shares during the period. Westwood Holdings Group Inc. owned approximately 0.11% of Williams Companies worth $38,316,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC grew its position in Williams Companies by 360.6% during the 2nd quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 750 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of Williams Companies in the 2nd quarter valued at $30,000. Cornerstone Advisors Inc. boosted its holdings in shares of Williams Companies by 75.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,302 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 562 shares during the last quarter. NuWave Investment Management LLC boosted its holdings in shares of Williams Companies by 1,679.2% in the 2nd quarter. NuWave Investment Management LLC now owns 1,708 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 1,612 shares during the last quarter. Finally, Rational Advisors LLC boosted its holdings in shares of Williams Companies by 1,679.2% in the 2nd quarter. Rational Advisors LLC now owns 1,708 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 1,612 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.
NYSE WMB traded down $0.18 during mid-day trading on Friday, reaching $24.63. 302,900 shares of the stock were exchanged, compared to its average volume of 6,770,803. The business’s 50 day moving average is $23.98 and its 200-day moving average is $26.82. Williams Companies Inc has a 1 year low of $20.36 and a 1 year high of $29.55. The company has a market capitalization of $30.30 billion, a P/E ratio of 31.11, a P/E/G ratio of 3.93 and a beta of 1.56. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.56 and a current ratio of 0.60.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date is Thursday, September 12th. Williams Companies’s dividend payout ratio is presently 192.41%.
Several analysts have recently commented on the stock. Sanford C. Bernstein downgraded shares of Williams Companies from an “outperform” rating to a “market perform” rating and set a $25.00 price objective on the stock. in a report on Sunday, August 4th. Scotiabank assumed coverage on shares of Williams Companies in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $28.00 price objective on the stock. Credit Suisse Group dropped their price objective on shares of Williams Companies from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. dropped their price objective on shares of Williams Companies from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Finally, Citigroup dropped their price objective on shares of Williams Companies from $31.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Companies presently has an average rating of “Buy” and a consensus price target of $29.19.
In related news, SVP Terrance Lane Wilson acquired 4,000 shares of Williams Companies stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $23.60 per share, for a total transaction of $94,400.00. Following the completion of the transaction, the senior vice president now owns 43,726 shares of the company’s stock, valued at approximately $1,031,933.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John D. Chandler acquired 10,000 shares of Williams Companies stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $23.24 per share, with a total value of $232,400.00. Following the completion of the transaction, the insider now directly owns 63,052 shares of the company’s stock, valued at approximately $1,465,328.48. The disclosure for this purchase can be found here. Insiders have acquired 44,000 shares of company stock valued at $1,028,200 over the last 90 days. 0.26% of the stock is currently owned by company insiders.
About Williams Companies
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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