Pinion Investment Advisors LLC Has $3.71 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Pinion Investment Advisors LLC increased its position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 107.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,030 shares of the pipeline company's stock after purchasing an additional 32,100 shares during the period. Williams Companies accounts for approximately 0.8% of Pinion Investment Advisors LLC's portfolio, making the stock its 24th largest position. Pinion Investment Advisors LLC's holdings in Williams Companies were worth $3,707,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of Jackson Hole Trust purchased a new stake in shares of Williams Companies in the fourth quarter valued at about $25,000. Menard Financial Group LLC acquired a new position in Williams Companies during the fourth quarter worth $26,000. Sandy Spring Bank acquired a new position in shares of Williams Companies in the fourth quarter worth $27,000. Hoey Investments Inc. purchased a new stake in Williams Companies during the 4th quarter worth about $28,000. Finally, Compass Planning Associates Inc purchased a new stake in Williams Companies in the 4th quarter valued at about $30,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday. CIBC upped their price target on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. Scotiabank upped their price target on Williams Companies from $52.00 to $59.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Finally, Morgan Stanley upped their price target on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $61.25.

Williams Companies Price Performance

NYSE:WMB traded down $0.34 during trading hours on Friday, reaching $59.74. 8,203,352 shares of the company were exchanged, compared to its average volume of 6,796,789. The company has a market capitalization of $72.85 billion, a P/E ratio of 32.65, a P/E/G ratio of 5.01 and a beta of 0.65. The Williams Companies, Inc. has a 1-year low of $40.41 and a 1-year high of $61.67. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The business has a 50 day moving average of $58.70 and a 200 day moving average of $57.37.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly 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 business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 earnings per share. Research analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Friday, June 13th. Williams Companies's dividend 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.