WBI (NYSE:WBI) Major Shareholder Energy Corp/De Devon Sells 1,755,174 Shares of Stock

WBI (NYSE:WBI) major shareholder Energy Corp/De Devon sold 1,755,174 shares of WBI stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $30.05, for a total transaction of $52,742,978.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

WBI Trading Down 1.3%

Shares of NYSE:WBI traded down $0.37 during trading on Wednesday, reaching $28.22. The company had a trading volume of 2,148,444 shares, compared to its average volume of 988,979. The company has a fifty day moving average price of $29.40. The stock has a market cap of $3.48 billion and a PE ratio of 112.87. WBI has a 12 month low of $18.64 and a 12 month high of $36.21. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30.

WBI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $0.05 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.20 annualized dividend and a yield of 0.7%. WBI’s payout ratio is 80.00%.

Analyst Upgrades and Downgrades

WBI has been the topic of a number of research reports. Weiss Ratings upgraded WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. UBS Group set a $33.00 price objective on WBI in a report on Monday, March 16th. The Goldman Sachs Group increased their price objective on WBI from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Wall Street Zen raised WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Barclays boosted their target price on WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.20.

WBI Company Profile

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.