PUREfi Wealth LLC Takes $541,000 Position in Williams Companies, Inc. (The) (NYSE:WMB)

PUREfi Wealth LLC purchased a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,056 shares of the pipeline company's stock, valued at approximately $541,000.

Several other institutional investors have also bought and sold shares of the stock. Bank of Jackson Hole Trust purchased a new position in Williams Companies during the fourth quarter worth about $25,000. Menard Financial Group LLC bought a new position in shares of Williams Companies during the 4th quarter worth approximately $26,000. Sandy Spring Bank purchased a new position in shares of Williams Companies in the 4th quarter worth approximately $27,000. Hoey Investments Inc. purchased a new position in shares of Williams Companies in the 4th quarter worth approximately $28,000. Finally, Compass Planning Associates Inc bought a new position in shares of Williams Companies in the fourth quarter valued at approximately $30,000. Institutional investors own 86.44% of the company's stock.

Williams Companies Stock Performance

NYSE WMB opened at $58.48 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.36. Williams Companies, Inc. has a 1 year low of $40.41 and a 1 year high of $61.67. The stock has a market capitalization of $71.31 billion, a PE ratio of 31.27, a P/E/G ratio of 4.37 and a beta of 0.65. The company's 50 day simple moving average is $58.84 and its two-hundred day simple moving average is $57.37.

Williams Companies (NYSE:WMB - Get Free Report) last posted 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 business had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The firm's 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. Analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.42%. Williams Companies's dividend payout ratio is presently 106.95%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $63.00 target price on shares of Williams Companies in a research note on Friday, May 16th. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Citigroup raised their target price on Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Wells Fargo & Company upped their price target on Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Finally, Barclays increased their target price on shares of Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Williams Companies has an average rating of "Moderate Buy" and a consensus target price 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.

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