Balboa Wealth Partners Has $329,000 Position in Williams Companies, Inc. (The) (NYSE:WMB)

Balboa Wealth Partners cut its position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 46.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,502 shares of the pipeline company's stock after selling 4,706 shares during the quarter. Balboa Wealth Partners' holdings in Williams Companies were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. EP Wealth Advisors LLC raised its holdings in shares of Williams Companies by 1.0% in the 4th quarter. EP Wealth Advisors LLC now owns 17,889 shares of the pipeline company's stock worth $968,000 after purchasing an additional 183 shares in the last quarter. Castleview Partners LLC raised its holdings in shares of Williams Companies by 4.2% in the 1st quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock worth $268,000 after purchasing an additional 183 shares in the last quarter. AMG National Trust Bank increased its position in shares of Williams Companies by 0.6% in the fourth quarter. AMG National Trust Bank now owns 30,813 shares of the pipeline company's stock worth $1,669,000 after acquiring an additional 186 shares in the last quarter. Napa Wealth Management increased its position in shares of Williams Companies by 2.7% in the fourth quarter. Napa Wealth Management now owns 7,190 shares of the pipeline company's stock worth $389,000 after acquiring an additional 190 shares in the last quarter. Finally, Tower Wealth Partners Inc. increased its position in shares of Williams Companies by 4.3% in the fourth quarter. Tower Wealth Partners Inc. now owns 4,591 shares of the pipeline company's stock worth $248,000 after acquiring an additional 191 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Scotiabank lifted their target price on shares of Williams Companies from $52.00 to $59.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Wells Fargo & Company lifted their target price on shares of Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Barclays lifted their target price on shares of Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Finally, Morgan Stanley lifted their target price on shares of Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Williams Companies currently has a consensus rating of "Hold" and an average price target of $61.25.

Williams Companies Stock Down 0.3%

WMB traded down $0.18 on Friday, reaching $62.69. 27,809,538 shares of the company traded hands, compared to its average volume of 6,939,055. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.36. The company has a market cap of $76.45 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 4.63 and a beta of 0.65. Williams Companies, Inc. has a 52-week low of $40.41 and a 52-week high of $63.18. The stock's 50 day moving average price is $59.39 and its 200-day moving average price is $57.64.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. Williams Companies had a net margin of 21.18% and a return on equity of 15.95%. The business had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the previous year, the company earned $0.59 earnings per share. Williams Companies's revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 annualized dividend and a yield of 3.19%. Williams Companies's dividend payout ratio is 106.95%.

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.