Brendel Financial Advisors LLC Sells 7,292 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

Brendel Financial Advisors LLC trimmed its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 15.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,942 shares of the pipeline company's stock after selling 7,292 shares during the quarter. Brendel Financial Advisors LLC's holdings in Williams Companies were worth $2,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of WMB. Brighton Jones LLC lifted its position in Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock worth $740,000 after purchasing an additional 3,969 shares during the period. Alberta Investment Management Corp bought a new position in Williams Companies in the fourth quarter worth $1,488,000. Private Advisor Group LLC lifted its position in Williams Companies by 2.1% in the fourth quarter. Private Advisor Group LLC now owns 108,425 shares of the pipeline company's stock worth $5,868,000 after purchasing an additional 2,255 shares during the period. Ieq Capital LLC lifted its position in Williams Companies by 24.0% in the fourth quarter. Ieq Capital LLC now owns 54,307 shares of the pipeline company's stock worth $2,939,000 after purchasing an additional 10,511 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in Williams Companies by 6.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 30,467 shares of the pipeline company's stock worth $1,649,000 after purchasing an additional 1,918 shares during the period. 86.44% of the stock is owned by institutional investors.

Williams Companies Price Performance

WMB stock remained flat at $60.49 during midday trading on Monday. The company had a trading volume of 11,632,870 shares, compared to its average volume of 6,821,904. The business's fifty day moving average price is $59.06 and its two-hundred day moving average price is $57.44. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $73.76 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 4.47 and a beta of 0.65. Williams Companies, Inc. has a 1 year low of $40.41 and a 1 year high of $61.67.

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

Williams Companies Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $63.00 target price on shares of Williams Companies in a research report on Friday, May 16th. CIBC increased their price objective on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Morgan Stanley increased their price objective on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Finally, Barclays increased their price objective on Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $61.25.

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.