Williams Companies, Inc. (The) (NYSE:WMB) Position Boosted by Sheaff Brock Investment Advisors LLC

Key Points

• Sheaff Brock Investment Advisors LLC increased its stake in Williams Companies by 35.0%, owning 22,940 shares valued at approximately $1.37 million as of its latest SEC filing.
• Williams Companies reported a quarterly earnings per share of $0.60, exceeding analyst expectations and a revenue increase of 10.0% year-over-year, amounting to $3.05 billion.
• The company recently declared a quarterly dividend of $0.50 per share, yielding 3.46%, with a payout ratio of 106.95%.

Sheaff Brock Investment Advisors LLC lifted its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 35.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,940 shares of the pipeline company's stock after purchasing an additional 5,950 shares during the period. Sheaff Brock Investment Advisors LLC's holdings in Williams Companies were worth $1,371,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Williams Companies by 1.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company's stock worth $34,489,000 after acquiring an additional 6,816 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Williams Companies by 27.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company's stock valued at $24,081,000 after buying an additional 87,031 shares during the last quarter. Kessler Investment Group LLC bought a new stake in shares of Williams Companies during the first quarter valued at approximately $327,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Williams Companies by 14.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 85,839 shares of the pipeline company's stock valued at $5,130,000 after buying an additional 10,561 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Williams Companies by 4.3% during the fourth quarter. Cerity Partners LLC now owns 183,317 shares of the pipeline company's stock valued at $9,224,000 after buying an additional 7,618 shares during the last quarter. Institutional investors own 86.44% of the company's stock.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $62.70, for a total transaction of $125,400.00. Following the transaction, the senior vice president directly owned 315,645 shares in the company, valued at approximately $19,790,941.50. The trade was a 0.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.44% of the company's stock.

Williams Companies Stock Performance

WMB opened at $57.85 on Monday. The firm has a market cap of $70.53 billion, a PE ratio of 30.93, a P/E/G ratio of 1.92 and a beta of 0.65. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.63. The business has a fifty day simple moving average of $59.36 and a 200-day simple moving average of $58.22. Williams Companies, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $63.45.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data 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. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company posted $0.59 EPS. The company's revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Friday, June 13th. Williams Companies's payout ratio is 106.95%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMB. TD Cowen initiated coverage on Williams Companies in a report on Monday, July 7th. They set a "buy" rating and a $67.00 price target on the stock. Scotiabank lifted their price target on Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 15th. 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 Tuesday, July 15th. Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Finally, Wells Fargo & Company lifted 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. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.77.

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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