Williams Companies, Inc. (The) (NYSE:WMB) Shares Acquired by Financial Network Wealth Advisors LLC

Financial Network Wealth Advisors LLC raised its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 36.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 909 shares of the pipeline company’s stock after acquiring an additional 244 shares during the period. Financial Network Wealth Advisors LLC’s holdings in Williams Companies were worth $54,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Menard Financial Group LLC acquired a new stake in Williams Companies during the 4th quarter valued at approximately $26,000. HWG Holdings LP acquired a new stake in Williams Companies during the 1st quarter valued at approximately $26,000. Iron Horse Wealth Management LLC lifted its stake in Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 494 shares during the period. Abound Financial LLC purchased a new position in Williams Companies during the first quarter valued at approximately $32,000. Finally, Hughes Financial Services LLC purchased a new position in Williams Companies during the first quarter valued at approximately $32,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $63.00 price target on shares of Williams Companies in a research report on Tuesday, July 15th. Wall Street Zen cut Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Wolfe Research upgraded Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Finally, Scotiabank lifted their price target 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.00.

Williams Companies Stock Up 0.1%

Shares of WMB opened at $57.84 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. Williams Companies, Inc. has a one year low of $42.82 and a one year high of $63.45. The stock has a market capitalization of $70.53 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.92 and a beta of 0.66. The stock has a 50 day moving average price of $59.14 and a 200 day moving average price of $58.24.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%. The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. Equities research analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, September 12th. Williams Companies’s payout ratio is presently 100.50%.

Insider Activity at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $59.68, for a total value of $119,360.00. Following the transaction, the senior vice president directly owned 313,645 shares in the company, valued at $18,718,333.60. This trade represents a 0.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock valued at $507,875 over the last quarter. 0.44% of the stock is owned by company insiders.

About Williams Companies

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.