Capital Advisors Inc. OK grew its position in shares of The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,713,422 shares of the pipeline company’s stock after buying an additional 10,216 shares during the quarter. Williams Companies accounts for 1.6% of Capital Advisors Inc. OK’s portfolio, making the stock its 13th largest position. Capital Advisors Inc. OK owned about 0.14% of Williams Companies worth $57,245,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Riverview Trust Co bought a new position in Williams Companies during the 1st quarter valued at about $27,000. Clearstead Advisors LLC purchased a new position in shares of Williams Companies during the first quarter valued at approximately $28,000. American National Bank lifted its position in Williams Companies by 63.6% during the first quarter. American National Bank now owns 908 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 353 shares during the period. Atwood & Palmer Inc. lifted its position in Williams Companies by 306.4% during the first quarter. Atwood & Palmer Inc. now owns 951 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 717 shares during the period. Finally, First Financial Corp IN purchased a new stake in Williams Companies in the first quarter worth approximately $33,000. Institutional investors own 86.10% of the company’s stock.
Williams Companies Price Performance
Shares of NYSE WMB traded down $0.05 during midday trading on Thursday, reaching $33.74. The stock had a trading volume of 197,413 shares, compared to its average volume of 9,123,220. The company has a market capitalization of $41.10 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 6.33 and a beta of 1.20. The Williams Companies, Inc. has a 12-month low of $23.53 and a 12-month high of $37.97. The stock has a 50-day moving average of $33.24 and a 200-day moving average of $32.61. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.69 and a current ratio of 0.73.
Williams Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Friday, September 9th will be issued a $0.425 dividend. The ex-dividend date is Thursday, September 8th. This represents a $1.70 dividend on an annualized basis and a yield of 5.04%. Williams Companies’s dividend payout ratio is presently 141.67%.
Analyst Ratings Changes
WMB has been the subject of a number of research reports. TD Securities boosted their target price on shares of Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, May 4th. Morgan Stanley increased their target price on Williams Companies from $34.00 to $40.00 and gave the company an “equal weight” rating in a report on Tuesday, April 26th. StockNews.com started coverage on Williams Companies in a research note on Thursday, March 31st. They set a “hold” rating for the company. Raymond James increased their price objective on shares of Williams Companies from $36.00 to $40.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, April 20th. Finally, US Capital Advisors restated a “hold” rating on shares of Williams Companies in a research report on Wednesday, June 1st. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.54.
Insiders Place Their Bets
In related news, SVP Debbie L. Cowan sold 36,228 shares of the company’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $37.75, for a total transaction of $1,367,607.00. Following the completion of the transaction, the senior vice president now owns 62,891 shares in the company, valued at $2,374,135.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.43% of the stock is currently owned by corporate insiders.
Williams Companies Company Profile
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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.
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