Edgestream Partners L.P. Has $10.60 Million Holdings in Williams Companies, Inc. (The) (NYSE:WMB)

Edgestream Partners L.P. lifted its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 182.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,440 shares of the pipeline company's stock after acquiring an additional 114,644 shares during the quarter. Edgestream Partners L.P.'s holdings in Williams Companies were worth $10,604,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Menard Financial Group LLC acquired a new position in Williams Companies in the 4th quarter valued at $26,000. HWG Holdings LP acquired a new stake in shares of Williams Companies in the first quarter valued at about $26,000. Sandy Spring Bank bought a new position in shares of Williams Companies in the fourth quarter worth about $27,000. Hoey Investments Inc. acquired a new position in shares of Williams Companies during the 4th quarter worth about $28,000. Finally, Iron Horse Wealth Management LLC lifted its position in shares of Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock worth $30,000 after purchasing an additional 494 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Wolfe Research upgraded shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Morgan Stanley upped their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Barclays boosted their price target on Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $63.00 price objective on shares of Williams Companies in a report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.69.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $62.70, for a total value of $125,400.00. Following the completion of the sale, the senior vice president directly owned 315,645 shares in the company, valued at $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 available through the SEC website. Insiders own 0.44% of the company's stock.

Williams Companies Stock Performance

Shares of WMB stock traded up $0.87 during trading on Monday, reaching $59.09. 5,140,041 shares of the company's stock were exchanged, compared to its average volume of 7,940,590. Williams Companies, Inc. has a twelve month low of $40.41 and a twelve month high of $63.45. The firm's fifty day moving average price is $59.37 and its 200-day moving average price is $58.01. 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 stock has a market capitalization of $72.05 billion, a PE ratio of 31.60, a PEG ratio of 4.30 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. The company had revenue of $3.05 billion for 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 company's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 earnings per share. As a group, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The company 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. This represents a $2.00 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Friday, June 13th. Williams Companies's payout ratio is 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.