Williams Companies, Inc. (The) (NYSE:WMB) Shares Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC raised its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 9.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,788 shares of the pipeline company’s stock after purchasing an additional 410 shares during the quarter. Golden State Wealth Management LLC’s holdings in Williams Companies were worth $286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WMB. Brighton Jones LLC raised its holdings in Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after acquiring an additional 3,969 shares in the last quarter. Keybank National Association OH raised its stake in shares of Williams Companies by 2.5% in the 4th quarter. Keybank National Association OH now owns 22,460 shares of the pipeline company’s stock valued at $1,216,000 after purchasing an additional 553 shares in the last quarter. M&T Bank Corp lifted its position in shares of Williams Companies by 1.6% during the fourth quarter. M&T Bank Corp now owns 97,492 shares of the pipeline company’s stock worth $5,276,000 after purchasing an additional 1,522 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Williams Companies during the fourth quarter worth about $327,000. Finally, Freestone Capital Holdings LLC acquired a new position in Williams Companies in the fourth quarter worth about $227,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays upped their price objective on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Scotiabank raised their price objective on Williams Companies from $52.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 5th. Wolfe Research raised shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a report on Friday, June 13th. Morgan Stanley increased their target price on shares of Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $61.25.

Williams Companies Trading Down 1.1%

Shares of NYSE WMB opened at $58.47 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.63. Williams Companies, Inc. has a 12 month low of $40.41 and a 12 month high of $63.45. The company has a market cap of $71.29 billion, a price-to-earnings ratio of 31.26, a P/E/G ratio of 4.33 and a beta of 0.65. The business has a fifty day simple moving average of $59.51 and a 200-day simple moving average of $57.84.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company earned $0.59 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Sell-side analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.42%. Williams Companies’s dividend payout ratio (DPR) is presently 106.95%.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $62.70, for a total transaction of $125,400.00. Following the transaction, the senior vice president directly owned 315,645 shares in the company, valued at approximately $19,790,941.50. The trade was a 0.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

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.