FourThought Financial Partners LLC Has $2.50 Million Position in Williams Companies, Inc. (The) (NYSE:WMB)

FourThought Financial Partners LLC cut its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,854 shares of the pipeline company’s stock after selling 1,774 shares during the quarter. FourThought Financial Partners LLC’s holdings in Williams Companies were worth $2,501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Williams Companies by 1.2% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company’s stock worth $34,489,000 after buying an additional 6,816 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Williams Companies by 27.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company’s stock valued at $24,081,000 after purchasing an additional 87,031 shares during the period. Kessler Investment Group LLC acquired a new position in shares of Williams Companies in the 1st quarter valued at about $327,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Williams Companies by 14.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 85,839 shares of the pipeline company’s stock valued at $5,130,000 after purchasing an additional 10,561 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Williams Companies by 4.3% in the 4th quarter. Cerity Partners LLC now owns 183,317 shares of the pipeline company’s stock valued at $9,224,000 after purchasing an additional 7,618 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $62.70, for a total value of $125,400.00. Following the transaction, the senior vice president owned 315,645 shares in the company, valued at approximately $19,790,941.50. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Stock Performance

WMB stock opened at $57.85 on Friday. The firm has a market cap of $70.53 billion, a PE ratio of 30.93, a P/E/G ratio of 1.97 and a beta of 0.65. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.63. The business has a 50 day moving average of $59.36 and a 200-day moving average of $58.19. Williams Companies, Inc. has a 12-month low of $40.41 and a 12-month high of $63.45.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. Williams Companies’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. As a group, sell-side analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Friday, June 13th. Williams Companies’s dividend payout ratio is presently 106.95%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WMB shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $63.00 price objective on shares of Williams Companies in a research note on Tuesday, July 15th. Wells Fargo & Company boosted their target price on Williams Companies from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, May 28th. Wolfe Research raised Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Scotiabank boosted their target price on Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 15th. Finally, TD Cowen initiated coverage on Williams Companies in a research report on Monday, July 7th. They issued a “buy” rating and a $67.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Williams Companies has a consensus rating of “Moderate Buy” and a consensus target price of $61.77.

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.