Boston Private Wealth LLC lifted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 46.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,121 shares of the pipeline company’s stock after acquiring an additional 9,265 shares during the period. Boston Private Wealth LLC’s holdings in The Williams Companies were worth $690,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in WMB. CVA Family Office LLC bought a new position in shares of The Williams Companies in the 1st quarter valued at about $26,000. Abundance Wealth Counselors bought a new position in shares of The Williams Companies in the 1st quarter valued at about $29,000. Atlas Capital Advisors LLC bought a new position in shares of The Williams Companies in the 1st quarter valued at about $36,000. Security National Trust Co. lifted its holdings in shares of The Williams Companies by 136.8% in the 1st quarter. Security National Trust Co. now owns 1,835 shares of the pipeline company’s stock valued at $43,000 after acquiring an additional 1,060 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of The Williams Companies in the 1st quarter valued at about $44,000. 82.98% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on WMB. Royal Bank of Canada increased their price target on shares of The Williams Companies from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Wednesday, May 19th. Argus raised shares of The Williams Companies from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Monday, May 17th. Scotiabank raised shares of The Williams Companies from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, March 4th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on shares of The Williams Companies from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, March 22nd. Finally, Mizuho raised their price objective on shares of The Williams Companies from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, May 5th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $26.83.
The Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Sunday, May 2nd. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.06. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $1.89 billion. The Williams Companies had a net margin of 13.70% and a return on equity of 9.84%. The Williams Companies’s revenue was up 36.5% compared to the same quarter last year. During the same period last year, the company posted ($0.43) earnings per share. On average, sell-side analysts expect that The Williams Companies, Inc. will post 1.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 28th. Investors of record on Friday, June 11th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 5.92%. The ex-dividend date is Thursday, June 10th. The Williams Companies’s payout ratio is 149.09%.
The 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, and West segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.
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