Annex Advisory Services LLC Raises Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Annex Advisory Services LLC lifted its stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,471 shares of the pipeline company's stock after purchasing an additional 7,938 shares during the quarter. Annex Advisory Services LLC's holdings in Williams Companies were worth $10,606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Quent Capital LLC bought a new position in Williams Companies in the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies in the 4th quarter valued at approximately $25,000. Menard Financial Group LLC bought a new position in Williams Companies in the 4th quarter valued at approximately $26,000. Sandy Spring Bank bought a new position in Williams Companies in the 4th quarter valued at approximately $27,000. Finally, Hoey Investments Inc. bought a new position in Williams Companies in the 4th quarter valued at approximately $28,000. 86.44% of the stock is owned by institutional investors.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total value of $455,520.00. Following the completion of the sale, the senior vice president now owns 81,265 shares in the company, valued at approximately $4,627,229.10. This represents a 8.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Micheal G. Dunn sold 96,687 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the completion of the sale, the chief operating officer now owns 714,693 shares of the company's stock, valued at $37,907,316.72. The trade was a 11.92% decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Performance

Shares of NYSE:WMB traded up $0.35 during midday trading on Thursday, hitting $60.47. The company had a trading volume of 4,844,340 shares, compared to its average volume of 6,758,797. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The company has a market cap of $73.74 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 5.01 and a beta of 0.65. The Williams Companies, Inc. has a 12-month low of $40.41 and a 12-month high of $61.67. The company has a fifty day moving average of $58.42 and a two-hundred day moving average of $57.32.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. The firm 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 15.85% and a net margin of 21.17%. Williams Companies's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. On average, equities research analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. Williams Companies's dividend payout ratio (DPR) is 106.95%.

Analyst Ratings Changes

Several equities analysts recently issued reports on WMB shares. Scotiabank upped their price objective on Williams Companies from $52.00 to $59.00 and gave the company a "sector perform" rating in a research report on Thursday. Barclays upped their price objective on Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Wells Fargo & Company upped their price objective on Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. CIBC increased their price target on Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. Finally, Truist Financial increased their price target on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Williams Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.

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.