KPP Advisory Services LLC Acquires New Shares in Williams Companies, Inc. (The) (NYSE:WMB)

KPP Advisory Services LLC acquired a new stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 9,030 shares of the pipeline company's stock, valued at approximately $540,000.

Other hedge funds have also bought and sold shares of the company. HWG Holdings LP purchased a new position in Williams Companies in the 1st quarter valued at approximately $26,000. Menard Financial Group LLC purchased a new position in Williams Companies in the 4th quarter valued at approximately $26,000. Sandy Spring Bank bought a new position in Williams Companies in the 4th quarter valued at $27,000. Hoey Investments Inc. bought a new position in Williams Companies in the 4th quarter valued at $28,000. Finally, Abound Wealth Management boosted its holdings in Williams Companies by 119.4% in the 1st quarter. Abound Wealth Management now owns 634 shares of the pipeline company's stock valued at $38,000 after purchasing an additional 345 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Barclays raised their price target on shares of Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. Royal Bank Of Canada reissued an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a report on Friday, May 16th. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Finally, Wells Fargo & Company raised their price target on shares of Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $61.25.

Williams Companies Stock Performance

Williams Companies stock opened at $62.85 on Friday. The firm's fifty day moving average price is $59.31 and its 200-day moving average price is $57.57. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.36 and a current ratio of 0.40. The stock has a market cap of $76.63 billion, a P/E ratio of 33.61, a price-to-earnings-growth ratio of 4.48 and a beta of 0.65. Williams Companies, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $62.95.

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, beating the consensus estimate of $0.55 by $0.05. The firm had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a net margin of 21.18% and a return on equity of 15.95%. The business's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. On average, equities research analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Friday, June 13th. Williams Companies's payout ratio is presently 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.

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