Shell Asset Management Co. Purchases 495 Shares of The Williams Companies, Inc. (NYSE:WMB)

Shell Asset Management Co. increased its position in The Williams Companies, Inc. (NYSE:WMBFree Report) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,909 shares of the pipeline company’s stock after acquiring an additional 495 shares during the quarter. Shell Asset Management Co.’s holdings in Williams Companies were worth $536,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WMB. OLD Point Trust & Financial Services N A bought a new position in shares of Williams Companies in the second quarter valued at approximately $25,000. Missouri Trust & Investment Co boosted its position in shares of Williams Companies by 300.0% in the second quarter. Missouri Trust & Investment Co now owns 800 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 600 shares during the period. FSC Wealth Advisors LLC bought a new stake in Williams Companies during the third quarter valued at approximately $27,000. Steward Financial Group LLC bought a new stake in Williams Companies during the second quarter valued at approximately $29,000. Finally, HWG Holdings LP bought a new stake in Williams Companies during the third quarter valued at approximately $29,000. 85.76% of the stock is currently owned by institutional investors.

Williams Companies Trading Down 0.0 %

Shares of WMB opened at $34.03 on Friday. The firm has a market cap of $41.40 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 5.11 and a beta of 1.04. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.72 and a current ratio of 0.77. The Williams Companies, Inc. has a fifty-two week low of $27.80 and a fifty-two week high of $37.45. The firm has a 50 day moving average price of $34.88 and a 200-day moving average price of $34.79.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Friday, March 8th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 5.58%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, March 7th. Williams Companies’s payout ratio is presently 80.27%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WMB shares. Barclays lifted their target price on shares of Williams Companies from $35.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Mizuho lifted their target price on shares of Williams Companies from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.50.

View Our Latest Stock Analysis on WMB

Williams Companies Profile

(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 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.

See Also

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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