Security National Bank Buys Shares of 2,000 Williams Companies, Inc. (The) (NYSE:WMB)

Security National Bank bought a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,000 shares of the pipeline company’s stock, valued at approximately $120,000.

Several other hedge funds have also bought and sold shares of the stock. Perigon Wealth Management LLC lifted its position in Williams Companies by 7.7% during the first quarter. Perigon Wealth Management LLC now owns 27,475 shares of the pipeline company’s stock valued at $1,642,000 after purchasing an additional 1,966 shares during the last quarter. TigerOak Management L.L.C. bought a new stake in Williams Companies during the first quarter valued at approximately $215,000. Alpine Bank Wealth Management bought a new stake in Williams Companies during the first quarter valued at approximately $39,000. Golden State Wealth Management LLC lifted its position in Williams Companies by 308.3% during the first quarter. Golden State Wealth Management LLC now owns 17,875 shares of the pipeline company’s stock valued at $1,068,000 after purchasing an additional 13,497 shares during the last quarter. Finally, Aurora Private Wealth Inc. lifted its position in Williams Companies by 5,827.0% during the first quarter. Aurora Private Wealth Inc. now owns 248,518 shares of the pipeline company’s stock valued at $14,851,000 after purchasing an additional 244,325 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Down 0.6%

Shares of NYSE WMB opened at $60.77 on Thursday. 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 52 week low of $40.41 and a 52 week high of $61.67. The firm’s fifty day moving average is $59.22 and its 200 day moving average is $57.51. The company has a market cap of $74.10 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 4.51 and a beta of 0.65.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, May 5th. The pipeline company reported $0.60 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 the consensus estimate of $2.90 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities research analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Friday, June 13th. Williams Companies’s payout ratio is 106.95%.

Analyst Upgrades and Downgrades

WMB has been the subject of several research analyst reports. Scotiabank lifted their target price 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. Wolfe Research upgraded shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a report on Friday, June 13th. Wells Fargo & Company upped their price objective 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. Barclays upped their price objective 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. Finally, Morgan Stanley upped their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” 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.