OneAscent Financial Services LLC Acquires 8,074 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

OneAscent Financial Services LLC raised its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 76.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,660 shares of the pipeline company's stock after buying an additional 8,074 shares during the quarter. OneAscent Financial Services LLC's holdings in Williams Companies were worth $1,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMB. EP Wealth Advisors LLC boosted its position in shares of Williams Companies by 1.0% in the fourth quarter. EP Wealth Advisors LLC now owns 17,889 shares of the pipeline company's stock valued at $968,000 after acquiring an additional 183 shares during the period. Castleview Partners LLC boosted its position in shares of Williams Companies by 4.2% in the first quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock valued at $268,000 after acquiring an additional 183 shares during the period. Napa Wealth Management boosted its position in shares of Williams Companies by 2.7% in the fourth quarter. Napa Wealth Management now owns 7,190 shares of the pipeline company's stock valued at $389,000 after acquiring an additional 190 shares during the period. Mirador Capital Partners LP boosted its position in shares of Williams Companies by 1.2% in the first quarter. Mirador Capital Partners LP now owns 16,712 shares of the pipeline company's stock valued at $999,000 after acquiring an additional 196 shares during the period. Finally, Perkins Coie Trust Co boosted its position in shares of Williams Companies by 13.3% in the first quarter. Perkins Coie Trust Co now owns 1,700 shares of the pipeline company's stock valued at $102,000 after acquiring an additional 200 shares during the period. Institutional investors own 86.44% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WMB shares. Wells Fargo & Company boosted their target price on shares of Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a research note on Tuesday, July 15th. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. 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. Finally, Morgan Stanley boosted their price target on Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Williams Companies presently has an average rating of "Moderate Buy" and a consensus target price of $61.77.

Williams Companies Stock Up 2.2%

Shares of NYSE WMB opened at $59.38 on Monday. 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 $72.41 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 1.99 and a beta of 0.65. Williams Companies, Inc. has a 12 month low of $40.41 and a 12 month high of $63.45. The stock has a 50-day moving average price of $59.39 and a two-hundred day moving average price of $58.16.

Williams Companies (NYSE:WMB - Get Free Report) last issued 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. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The business's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. As a group, analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Friday, June 13th. Williams Companies's dividend payout ratio (DPR) is currently 106.95%.

Insider Buying and Selling at Williams Companies

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

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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