Cordatus Wealth Management LLC Invests $804,000 in Williams Companies, Inc. (The) (NYSE:WMB)

Key Points

• Cordatus Wealth Management LLC has acquired a new stake of 13,463 shares in Williams Companies, valued at approximately $804,000, as reported in their recent SEC filing.
• Williams Companies reported $0.60 earnings per share for the most recent quarter, exceeding the consensus estimate of $0.55, and experienced a 10% year-over-year revenue increase to $3.05 billion.
• The company has announced a quarterly dividend of $0.50 per share, resulting in an annualized dividend of $2.00 and a dividend yield of 3.37%.

Cordatus Wealth Management LLC acquired a new position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,463 shares of the pipeline company's stock, valued at approximately $804,000.

Several other large investors also recently made changes to their positions in the business. Natixis Advisors LLC boosted its holdings in Williams Companies by 71.2% in the 1st quarter. Natixis Advisors LLC now owns 1,611,911 shares of the pipeline company's stock worth $96,328,000 after acquiring an additional 670,107 shares during the period. NorthRock Partners LLC boosted its stake in shares of Williams Companies by 4.1% in the first quarter. NorthRock Partners LLC now owns 9,816 shares of the pipeline company's stock valued at $587,000 after purchasing an additional 387 shares during the period. FSB Premier Wealth Management Inc. increased its stake in Williams Companies by 4.3% during the 1st quarter. FSB Premier Wealth Management Inc. now owns 4,884 shares of the pipeline company's stock worth $292,000 after buying an additional 201 shares during the period. Modera Wealth Management LLC lifted its holdings in Williams Companies by 18.5% in the 1st quarter. Modera Wealth Management LLC now owns 5,737 shares of the pipeline company's stock worth $343,000 after buying an additional 894 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its stake in shares of Williams Companies by 101.8% during the first quarter. Mesirow Financial Investment Management Inc. now owns 26,032 shares of the pipeline company's stock valued at $1,556,000 after acquiring an additional 13,129 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WMB shares. Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Scotiabank upped their price target on shares of Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, July 15th. Wells Fargo & Company raised their price objective on shares of Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Royal Bank Of Canada restated an "outperform" rating and issued a $63.00 target price on shares of Williams Companies in a research note on Tuesday, July 15th. Finally, TD Cowen assumed coverage on Williams Companies in a research note on Monday, July 7th. They issued a "buy" rating and a $67.00 price target for the company. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.77.

Williams Companies Stock Performance

Shares of WMB traded up $0.21 during mid-day trading on Monday, reaching $60.48. 3,171,616 shares of the company's stock traded hands, compared to its average volume of 7,759,567. Williams Companies, Inc. has a 12 month low of $40.41 and a 12 month high of $63.45. The stock has a market capitalization of $73.74 billion, a P/E ratio of 32.32, a price-to-earnings-growth ratio of 2.00 and a beta of 0.66. The business's 50-day moving average price is $59.44 and its 200-day moving average price is $58.28. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.36 and a current ratio of 0.40.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. The business had revenue of $3.05 billion during 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 quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. Equities analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

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

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $62.70, for a total transaction of $125,400.00. Following the transaction, the senior vice president directly owned 315,645 shares in the company, valued at approximately $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 can be accessed through this link. 0.44% of the stock is owned by corporate insiders.

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.