5,553 Shares in The Williams Companies, Inc. (NYSE:WMB) Acquired by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,553 shares of the pipeline company's stock, valued at approximately $332,000.

Several other hedge funds also recently modified their holdings of the stock. Quent Capital LLC acquired a new position in shares of Williams Companies in the fourth quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Williams Companies during the 4th quarter valued at approximately $25,000. Menard Financial Group LLC bought a new position in Williams Companies in the 4th quarter valued at approximately $26,000. Sandy Spring Bank acquired a new stake in Williams Companies in the fourth quarter valued at approximately $27,000. Finally, Hoey Investments Inc. bought a new stake in shares of Williams Companies during the fourth quarter worth $28,000. Institutional investors own 86.44% of the company's stock.

Wall Street Analyst Weigh In

WMB has been the topic of several recent research reports. 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. CIBC lifted their target price on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. Barclays lifted 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. Citigroup raised their price target on shares of Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Finally, Truist Financial upped their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Williams Companies has an average rating of "Moderate Buy" and an average target price of $61.25.

Williams Companies Stock Up 0.3%

Shares of WMB stock traded up $0.17 during trading hours on Thursday, reaching $59.59. The company had a trading volume of 1,897,655 shares, compared to its average volume of 6,754,562. The business has a fifty day simple moving average of $58.48 and a 200-day simple moving average of $57.35. The Williams Companies, Inc. has a 12 month low of $40.41 and a 12 month high of $61.67. The company has a market cap of $72.66 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 5.01 and a beta of 0.65. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45.

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, topping the consensus estimate of $0.55 by $0.05. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The firm had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter last year, the firm earned $0.59 EPS. The company's quarterly revenue was up 10.0% compared to the same quarter last year. On average, research analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.36%. Williams Companies's 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.