The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. increased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 3,004.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,318 shares of the pipeline company's stock after acquiring an additional 17,728 shares during the period. SOA Wealth Advisors LLC.'s holdings in Williams Companies were worth $1,095,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Miracle Mile Advisors LLC acquired a new stake in Williams Companies in the first quarter valued at approximately $357,000. Wedmont Private Capital lifted its position in shares of Williams Companies by 12.0% during the 1st quarter. Wedmont Private Capital now owns 22,729 shares of the pipeline company's stock valued at $1,282,000 after buying an additional 2,439 shares in the last quarter. UMB Bank n.a. grew its stake in Williams Companies by 4.5% in the 1st quarter. UMB Bank n.a. now owns 15,851 shares of the pipeline company's stock valued at $947,000 after acquiring an additional 685 shares during the period. Perennial Advisors LLC purchased a new stake in Williams Companies in the 1st quarter worth $248,000. Finally, Sivia Capital Partners LLC increased its holdings in Williams Companies by 11.6% in the 1st quarter. Sivia Capital Partners LLC now owns 4,393 shares of the pipeline company's stock worth $263,000 after acquiring an additional 457 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WMB shares. Truist Financial lifted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, February 14th. CIBC raised their price target on shares of Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a research note on Tuesday, March 4th. Scotiabank boosted their price objective on Williams Companies from $52.00 to $59.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Morgan Stanley increased their target price on Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Finally, Citigroup boosted their price target on Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Williams Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.

Williams Companies Trading Up 0.7%

NYSE:WMB traded up $0.42 during trading hours on Wednesday, hitting $59.38. The company had a trading volume of 6,843,162 shares, compared to its average volume of 6,762,920. The Williams Companies, Inc. has a 1 year low of $40.41 and a 1 year high of $61.67. The company has a market cap of $72.40 billion, a P/E ratio of 32.45, a P/E/G ratio of 5.01 and a beta of 0.65. The company has a 50-day moving average of $58.39 and a 200 day moving average of $57.33. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Williams Companies's quarterly revenue was up 10.0% on a year-over-year basis. Sell-side analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

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