72,298 Shares in Williams Companies, Inc. (The) (NYSE:WMB) Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC purchased a new position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 72,298 shares of the pipeline company's stock, valued at approximately $4,321,000.

Several other hedge funds have also recently modified their holdings of WMB. Florida Financial Advisors LLC purchased a new stake in Williams Companies during the first quarter valued at approximately $574,000. Bleakley Financial Group LLC lifted its position in Williams Companies by 3.4% during the first quarter. Bleakley Financial Group LLC now owns 68,802 shares of the pipeline company's stock valued at $4,112,000 after acquiring an additional 2,259 shares during the last quarter. Legacy Financial Group Inc. lifted its position in Williams Companies by 95.8% during the first quarter. Legacy Financial Group Inc. now owns 23,312 shares of the pipeline company's stock valued at $1,326,000 after acquiring an additional 11,405 shares during the last quarter. Prudent Man Advisors LLC raised its holdings in shares of Williams Companies by 2.3% in the first quarter. Prudent Man Advisors LLC now owns 14,889 shares of the pipeline company's stock worth $890,000 after buying an additional 336 shares during the last quarter. Finally, LRI Investments LLC raised its holdings in shares of Williams Companies by 26.5% in the first quarter. LRI Investments LLC now owns 1,800 shares of the pipeline company's stock worth $108,000 after buying an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company's stock.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $62.70, for a total value of $125,400.00. Following the sale, the senior vice president owned 315,645 shares in the company, valued at $19,790,941.50. This trade represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WMB. Barclays raised their price target on shares of Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Wells Fargo & Company raised their price target on shares of Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Scotiabank raised their price target on shares of Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $63.00 price objective on shares of Williams Companies in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.77.

Williams Companies Stock Performance

WMB stock traded down $0.62 during midday trading on Tuesday, hitting $58.43. 6,101,115 shares of the stock traded hands, compared to its average volume of 7,110,680. The firm has a market cap of $71.24 billion, a P/E ratio of 31.24, a PEG ratio of 4.36 and a beta of 0.65. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.36. The stock's fifty day simple moving average is $59.35 and its 200-day simple moving average is $58.04. Williams Companies, Inc. has a 1-year low of $40.41 and a 1-year high of $63.45.

Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share 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 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 period in the prior year, the company posted $0.59 EPS. On average, analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.42%. Williams Companies's dividend payout ratio (DPR) is 106.95%.

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.