Atria Investments Inc Increases Holdings in Williams Companies, Inc. (The) (NYSE:WMB)

Atria Investments Inc grew its position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,876 shares of the pipeline company's stock after acquiring an additional 9,343 shares during the quarter. Atria Investments Inc's holdings in Williams Companies were worth $8,897,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Menard Financial Group LLC bought a new position in Williams Companies in the fourth quarter worth approximately $26,000. HWG Holdings LP bought a new stake in shares of Williams Companies in the 1st quarter valued at about $26,000. Hoey Investments Inc. acquired a new position in shares of Williams Companies during the fourth quarter worth $28,000. Iron Horse Wealth Management LLC boosted its holdings in Williams Companies by 4,490.9% in the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock worth $30,000 after acquiring an additional 494 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in Williams Companies during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 86.44% of the company's stock.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $62.70, for a total transaction of $125,400.00. Following the completion of the transaction, the senior vice president directly owned 315,645 shares of the company's stock, valued at $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 SEC, which is available at this link. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Down 1.5%

Shares of NYSE WMB traded down $0.91 during mid-day trading on Friday, hitting $57.85. The company had a trading volume of 4,957,534 shares, compared to its average volume of 8,106,748. The business's 50-day simple moving average is $59.36 and its 200 day simple moving average is $58.19. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.36. Williams Companies, Inc. has a 1-year low of $40.41 and a 1-year high of $63.45. The company has a market capitalization of $70.53 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.97 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last posted its earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.18% and a return on equity of 15.95%. The company's revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. On average, analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Friday, June 13th. Williams Companies's dividend payout ratio is presently 106.95%.

Analyst Ratings Changes

WMB has been the topic of a number of research reports. TD Cowen began coverage on Williams Companies in a report on Monday, July 7th. They issued a "buy" rating and a $67.00 price objective on the stock. Scotiabank increased 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. Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Wells Fargo & Company increased their price objective on shares of Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $63.00 price objective on shares of Williams Companies in a report on Tuesday, July 15th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average 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.