AdvisorNet Financial Inc raised its holdings in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 44.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,811 shares of the pipeline company’s stock after acquiring an additional 1,477 shares during the period. AdvisorNet Financial Inc’s holdings in Williams Companies were worth $187,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Western Pacific Wealth Management LP acquired a new stake in shares of Williams Companies during the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Williams Companies during the fourth quarter valued at $26,000. Rise Advisors LLC purchased a new position in Williams Companies in the first quarter valued at $27,000. Fairman Group LLC acquired a new position in shares of Williams Companies in the fourth quarter worth about $31,000. Finally, CGC Financial Services LLC purchased a new stake in shares of Williams Companies during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Insider Transactions at Williams Companies
In related news, SVP Debbie L. Pickle sold 38,200 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the transaction, the senior vice president now directly owns 60,410 shares in the company, valued at $2,392,840.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.44% of the company’s stock.
Williams Companies Price Performance
Williams Companies (NYSE:WMB – Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the firm earned $0.56 EPS. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. Equities research analysts expect that The Williams Companies, Inc. will post 1.85 EPS for the current fiscal year.
Williams Companies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, June 7th were paid a $0.475 dividend. The ex-dividend date was Friday, June 7th. This represents a $1.90 annualized dividend and a dividend yield of 4.49%. Williams Companies’s dividend payout ratio (DPR) is 79.83%.
Analyst Ratings Changes
Several equities analysts recently weighed in on WMB shares. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial upped their target price on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. CIBC boosted their price target on shares of Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Wolfe Research restated an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a research report on Thursday, April 18th. Finally, Stifel Nicolaus lifted their target price on shares of Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.42.
View Our Latest Research Report on WMB
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.
See Also
- Five stocks we like better than Williams Companies
- Stock Market Sectors: What Are They and How Many Are There?
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- How to Use the MarketBeat Excel Dividend Calculator
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Williams Companies, Inc. (NYSE:WMB – Free Report).
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.