Daymark Wealth Partners LLC Acquires Shares of 5,553 The Williams Companies, Inc. (NYSE:WMB)

Daymark Wealth Partners LLC acquired a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) in the 1st quarter, Holdings Channel reports. The firm acquired 5,553 shares of the pipeline company’s stock, valued at approximately $332,000.

Other institutional investors have also bought and sold shares of the company. Quent Capital LLC bought a new position in Williams Companies during the fourth quarter valued at $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies during the fourth quarter valued at $25,000. Menard Financial Group LLC bought a new position in Williams Companies during the fourth quarter valued at $26,000. Sandy Spring Bank bought a new position in Williams Companies during the fourth quarter valued at $27,000. Finally, Hoey Investments Inc. bought a new position in Williams Companies during the fourth quarter valued at $28,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Down 1.3%

WMB stock opened at $58.91 on Wednesday. The company has a market capitalization of $71.83 billion, a PE ratio of 32.19, a P/E/G ratio of 5.01 and a beta of 0.65. The Williams Companies, Inc. has a 12 month low of $40.41 and a 12 month high of $61.67. The firm’s 50-day moving average is $58.39 and its 200 day moving average is $57.33. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. On average, research analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Friday, June 13th. Williams Companies’s dividend payout ratio (DPR) is 106.95%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Scotiabank increased their price objective on shares of Williams Companies from $52.00 to $59.00 and gave the company a “sector perform” rating in a research report on Thursday, June 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a research note on Friday, May 16th. Barclays increased their target price on shares of Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. CIBC increased their target price on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company increased their target price on shares of Williams Companies from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, May 28th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Williams Companies presently has a consensus rating of “Moderate Buy” and an average target price of $61.25.

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 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.