Transcend Capital Advisors LLC Buys 24,573 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

Transcend Capital Advisors LLC lifted its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 178.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,345 shares of the pipeline company's stock after acquiring an additional 24,573 shares during the period. Transcend Capital Advisors LLC's holdings in Williams Companies were worth $2,291,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. EP Wealth Advisors LLC raised its stake 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 worth $968,000 after acquiring an additional 183 shares during the last quarter. Castleview Partners LLC grew its stake in shares of Williams Companies by 4.2% during the first quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock valued at $268,000 after purchasing an additional 183 shares during the last quarter. AMG National Trust Bank increased its holdings in shares of Williams Companies by 0.6% in the fourth quarter. AMG National Trust Bank now owns 30,813 shares of the pipeline company's stock valued at $1,669,000 after purchasing an additional 186 shares in the last quarter. Napa Wealth Management increased its holdings 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 purchasing an additional 190 shares in the last quarter. Finally, Tower Wealth Partners Inc. raised its position in Williams Companies by 4.3% in the 4th quarter. Tower Wealth Partners Inc. now owns 4,591 shares of the pipeline company's stock worth $248,000 after purchasing an additional 191 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Down 0.3%

Shares of NYSE WMB opened at $62.69 on Friday. Williams Companies, Inc. has a 52-week low of $40.41 and a 52-week high of $63.18. 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 $76.45 billion, a P/E ratio of 33.53, a P/E/G ratio of 4.64 and a beta of 0.65. The firm has a 50 day moving average price of $59.39 and a 200 day moving average price of $57.62.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.18% and a return on equity of 15.95%. The firm's revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. Analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed 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. This represents a $2.00 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies's dividend payout ratio (DPR) is presently 106.95%.

Wall Street Analyst Weigh In

A number of research analysts have commented on WMB shares. Wells Fargo & Company lifted their target price 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 research report on Friday, June 13th. Barclays upped their target price on shares of Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Royal Bank Of Canada reiterated an "outperform" rating and set a $63.00 price target on shares of Williams Companies in a research report on Friday, May 16th. Finally, CIBC boosted their price target on shares of Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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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