MinichMacGregor Wealth Management LLC Increases Stake in Williams Companies, Inc. (The) (NYSE:WMB)

MinichMacGregor Wealth Management LLC grew its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 18.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,650 shares of the pipeline company’s stock after buying an additional 738 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Williams Companies were worth $278,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Menard Financial Group LLC purchased a new position in shares of Williams Companies in the 4th quarter valued at about $26,000. Sandy Spring Bank purchased a new position in shares of Williams Companies in the 4th quarter valued at about $27,000. Hoey Investments Inc. purchased a new position in shares of Williams Companies in the 4th quarter valued at about $28,000. Transce3nd LLC purchased a new position in shares of Williams Companies in the 4th quarter valued at about $35,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Williams Companies by 59.1% in the 4th quarter. Rakuten Securities Inc. now owns 665 shares of the pipeline company’s stock valued at $36,000 after purchasing an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Wolfe Research upgraded shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a report on Friday, June 13th. CIBC increased their price target on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. Citigroup increased their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $63.00 target price on shares of Williams Companies in a report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $61.25.

Williams Companies Price Performance

Williams Companies stock opened at $60.44 on Friday. Williams Companies, Inc. has a 12-month low of $40.41 and a 12-month high of $61.67. The stock has a market capitalization of $73.70 billion, a P/E ratio of 32.32, a P/E/G ratio of 4.47 and a beta of 0.65. The firm’s 50-day moving average is $59.06 and its two-hundred day moving average is $57.44. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.36.

Williams Companies (NYSE:WMB) last released its quarterly earnings results 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 net margin of 21.18% and a return on equity of 15.95%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, June 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. Williams Companies’s dividend payout ratio is currently 106.95%.

Williams Companies 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.