TigerOak Management L.L.C. Buys Shares of 3,605 Williams Companies, Inc. (The) (NYSE:WMB)

TigerOak Management L.L.C. purchased a new position in Williams Companies, Inc. (The) (NYSE:WMB) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,605 shares of the pipeline company’s stock, valued at approximately $215,000.

Other large investors have also recently made changes to their positions in the company. Menard Financial Group LLC purchased a new position in Williams Companies in the fourth quarter valued at about $26,000. HWG Holdings LP purchased a new stake in shares of Williams Companies during the first quarter valued at about $26,000. Sandy Spring Bank bought a new stake 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 worth approximately $28,000. Finally, Transce3nd LLC purchased a new position in shares of Williams Companies in the 4th quarter worth approximately $35,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Trading Down 0.6%

Williams Companies stock opened at $60.77 on Thursday. The stock has a 50-day moving average price of $59.22 and a 200 day moving average price of $57.51. The company has a market capitalization of $74.10 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 4.51 and a beta of 0.65. Williams Companies, Inc. has a 52 week low of $40.41 and a 52 week high of $61.67. 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 (NYSE:WMB) last announced its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a net margin of 21.18% and a return on equity of 15.95%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. Sell-side analysts anticipate that 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. Investors of record on Friday, June 13th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.29%. Williams Companies’s dividend payout ratio is presently 106.95%.

Wall Street Analysts Forecast Growth

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