Golden State Wealth Management LLC Has $1.07 Million Stock Holdings in Williams Companies, Inc. (The) (NYSE:WMB)

Golden State Wealth Management LLC raised its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 308.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,875 shares of the pipeline company's stock after acquiring an additional 13,497 shares during the period. Golden State Wealth Management LLC's holdings in Williams Companies were worth $1,068,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Menard Financial Group LLC acquired a new position in shares of Williams Companies during the fourth quarter valued at approximately $26,000. HWG Holdings LP bought a new position in Williams Companies during the 1st quarter valued at $26,000. Sandy Spring Bank acquired a new position in shares of Williams Companies during the 4th quarter valued at $27,000. Hoey Investments Inc. bought a new stake in shares of Williams Companies in the 4th quarter worth $28,000. Finally, Transce3nd LLC acquired a new stake in shares of Williams Companies in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Stock Down 0.3%

NYSE:WMB traded down $0.18 on Friday, hitting $62.69. 27,809,538 shares of the company's stock traded hands, compared to its average volume of 6,945,325. The firm has a 50-day moving average price of $59.31 and a 200-day moving average price of $57.57. 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 cap of $76.45 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 4.64 and a beta of 0.65. Williams Companies, Inc. has a 1 year low of $40.41 and a 1 year high of $63.16.

Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping 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 company's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. Equities analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid 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 yield of 3.19%. Williams Companies's dividend payout ratio (DPR) is currently 106.95%.

Analyst Upgrades and Downgrades

Several brokerages have commented on WMB. Wolfe Research upgraded shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Scotiabank boosted their target price on shares of Williams Companies from $52.00 to $59.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Wells Fargo & Company increased their target price on shares of Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Royal Bank Of Canada restated an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a research report on Friday, May 16th. Finally, CIBC increased their price objective on Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Williams Companies has an average rating of "Hold" and a consensus price target 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.