Future Financial Wealth Managment LLC Buys Shares of 1,600 The Williams Companies, Inc. (NYSE:WMB)

Future Financial Wealth Managment LLC bought a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,600 shares of the pipeline company’s stock, valued at approximately $62,000.

Several other hedge funds have also made changes to their positions in the stock. Morgan Stanley grew its position in Williams Companies by 3.9% in the 3rd quarter. Morgan Stanley now owns 19,086,234 shares of the pipeline company’s stock worth $643,015,000 after purchasing an additional 712,048 shares during the last quarter. Wellington Management Group LLP grew its holdings in Williams Companies by 21.3% in the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after buying an additional 2,039,703 shares in the last quarter. Norges Bank acquired a new stake in Williams Companies in the 4th quarter valued at approximately $306,417,000. Bahl & Gaynor Inc. grew its stake in shares of Williams Companies by 7.2% in the fourth quarter. Bahl & Gaynor Inc. now owns 7,018,863 shares of the pipeline company’s stock worth $244,467,000 after purchasing an additional 473,712 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Williams Companies by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,879,547 shares of the pipeline company’s stock valued at $239,615,000 after purchasing an additional 166,090 shares during the period. Institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling at Williams Companies

In other news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the transaction, the senior vice president now owns 60,410 shares in the company, valued at $2,392,840.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the subject of several research analyst reports. Wolfe Research reaffirmed an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a report on Thursday, April 18th. Stifel Nicolaus increased their price objective on shares of Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $46.00 in a report on Tuesday, June 4th. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Truist Financial boosted their price objective on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $41.42.

Williams Companies Trading Down 1.4 %

Shares of NYSE WMB opened at $42.28 on Thursday. The business has a fifty day simple moving average of $40.34 and a 200-day simple moving average of $37.43. The company has a market cap of $51.53 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 6.73 and a beta of 1.05. The Williams Companies, Inc. has a 12 month low of $30.90 and a 12 month high of $43.22. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The business’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. Sell-side analysts predict that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.49%. The ex-dividend date was Friday, June 7th. Williams Companies’s payout ratio is 79.83%.

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.