The Williams Companies, Inc. (NYSE:WMB) SVP Sells $1,467,960.00 in Stock

The Williams Companies, Inc. (NYSE:WMB) SVP Chad A. Teply sold 26,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $56.46, for a total value of $1,467,960.00. Following the transaction, the senior vice president now directly owns 133,048 shares in the company, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Williams Companies Price Performance

WMB stock opened at $58.25 on Friday. The firm has a 50 day moving average of $56.53 and a 200-day moving average of $52.73. The Williams Companies, Inc. has a 12-month low of $35.38 and a 12-month high of $61.46. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The company has a market cap of $71.02 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 5.01 and a beta of 1.04.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. As a group, equities analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Friday, March 14th. Williams Companies’s payout ratio is currently 109.29%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WMB. UBS Group raised their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays raised their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Scotiabank reaffirmed a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a report on Friday, January 10th. Truist Financial lifted their price objective on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Finally, Mizuho lifted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Williams Companies presently has an average rating of “Hold” and a consensus target price of $54.21.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Board of the Pension Protection Fund acquired a new position in shares of Williams Companies during the 4th quarter worth approximately $720,000. Foundations Investment Advisors LLC raised its position in shares of Williams Companies by 13.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock worth $8,811,000 after purchasing an additional 19,782 shares during the last quarter. Golden State Equity Partners raised its holdings in Williams Companies by 319.9% in the 4th quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock valued at $651,000 after acquiring an additional 9,171 shares during the last quarter. Cornerstone Wealth Group LLC raised its holdings in Williams Companies by 81.4% in the 4th quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock valued at $10,062,000 after acquiring an additional 83,429 shares during the last quarter. Finally, Myriad Asset Management US LP acquired a new position in Williams Companies in the 4th quarter valued at $995,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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.