Arkadios Wealth Advisors Purchases 51,596 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

Key Points

• Arkadios Wealth Advisors increased its holdings in Williams Companies, Inc. by 489% in Q1, acquiring an additional 51,596 shares to bring its total ownership to 62,148 shares valued at approximately $3.7 million.
• Research firms have recently adjusted their ratings and target prices for Williams Companies, with TD Cowen giving a "buy" rating and a target of $67.00, while the consensus rating is a "Moderate Buy" with a target price of $61.77.
• Williams Companies announced a quarterly dividend of $0.50 per share, which translates to an annualized yield of 3.37%, although its dividend payout ratio is currently at 106.95%.

Arkadios Wealth Advisors increased its position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 489.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,148 shares of the pipeline company's stock after purchasing an additional 51,596 shares during the period. Arkadios Wealth Advisors' holdings in Williams Companies were worth $3,714,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. EP Wealth Advisors LLC raised its position in Williams Companies by 1.0% in the 4th quarter. EP Wealth Advisors LLC now owns 17,889 shares of the pipeline company's stock valued at $968,000 after buying an additional 183 shares during the last quarter. Castleview Partners LLC raised its position in Williams Companies by 4.2% in the 1st quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock valued at $268,000 after buying an additional 183 shares during the last quarter. Napa Wealth Management raised its position in Williams Companies by 2.7% in the 4th quarter. Napa Wealth Management now owns 7,190 shares of the pipeline company's stock valued at $389,000 after buying an additional 190 shares during the last quarter. Mirador Capital Partners LP increased its position in shares of Williams Companies by 1.2% during the 1st quarter. Mirador Capital Partners LP now owns 16,712 shares of the pipeline company's stock valued at $999,000 after purchasing an additional 196 shares during the last quarter. Finally, Perkins Coie Trust Co increased its position in shares of Williams Companies by 13.3% during the 1st quarter. Perkins Coie Trust Co now owns 1,700 shares of the pipeline company's stock valued at $102,000 after purchasing an additional 200 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WMB has been the subject of several research analyst reports. Wells Fargo & Company raised 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $63.00 target price on shares of Williams Companies in a research report on Tuesday, July 15th. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. TD Cowen initiated coverage on Williams Companies in a research report on Monday, July 7th. They set a "buy" rating and a $67.00 target price for the company. Finally, Scotiabank raised 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. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $61.77.

Williams Companies Stock Performance

WMB traded up $0.32 during trading hours on Friday, hitting $60.27. The stock had a trading volume of 7,834,823 shares, compared to its average volume of 6,215,843. The company's fifty day simple moving average is $59.44 and its 200 day simple moving average is $58.29. Williams Companies, Inc. has a 1 year low of $40.41 and a 1 year high of $63.45. The stock has a market cap of $73.49 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66. 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 - Get Free Report) last issued its earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $0.59 EPS. The firm's revenue was up 10.0% compared to the same quarter last year. Equities analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be paid a $0.50 dividend. The ex-dividend date is Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.3%. Williams Companies's dividend payout ratio (DPR) is currently 106.95%.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $62.70, for a total value of $125,400.00. Following the completion of the transaction, the senior vice president owned 315,645 shares in the company, valued at $19,790,941.50. This trade represents a 0.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

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.