9,618 Shares in Williams Companies, Inc. (The) (NYSE:WMB) Acquired by Florida Financial Advisors LLC

Florida Financial Advisors LLC purchased a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,618 shares of the pipeline company's stock, valued at approximately $574,000.

Several other large investors have also modified their holdings of the stock. Norges Bank bought a new position in Williams Companies during the fourth quarter valued at about $575,103,000. Blackstone Inc. grew its stake in shares of Williams Companies by 36.5% in the 4th quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company's stock valued at $1,025,795,000 after purchasing an additional 5,068,738 shares during the period. Marshall Wace LLP grew its stake in shares of Williams Companies by 2,303.2% in the 4th quarter. Marshall Wace LLP now owns 3,517,336 shares of the pipeline company's stock valued at $190,358,000 after purchasing an additional 3,370,974 shares during the period. GAMMA Investing LLC grew its stake in shares of Williams Companies by 6,407.2% in the 1st quarter. GAMMA Investing LLC now owns 2,238,490 shares of the pipeline company's stock valued at $133,772,000 after purchasing an additional 2,204,090 shares during the period. Finally, Castle Hook Partners LP grew its stake in shares of Williams Companies by 69.1% in the 4th quarter. Castle Hook Partners LP now owns 5,055,184 shares of the pipeline company's stock valued at $273,587,000 after purchasing an additional 2,065,906 shares during the period. 86.44% of the stock is owned by institutional investors.

Williams Companies Price Performance

Shares of NYSE WMB traded down $0.36 during midday trading on Thursday, reaching $58.12. The company's stock had a trading volume of 2,973,321 shares, compared to its average volume of 7,098,385. 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, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $63.45. The business's 50 day moving average price is $59.34 and its two-hundred day moving average price is $58.05. The company has a market cap of $70.87 billion, a P/E ratio of 31.06, a P/E/G ratio of 4.31 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. The company 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 firm's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. On average, analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.44%. Williams Companies's dividend payout ratio (DPR) is 106.95%.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $62.70, for a total value of $125,400.00. Following the sale, the senior vice president owned 315,645 shares of the company's stock, valued at $19,790,941.50. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.44% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WMB. Scotiabank boosted their target price on Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Wells Fargo & Company boosted their target price on Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Morgan Stanley boosted their target price on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Finally, Barclays boosted their target price on Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.