Graybill Wealth Management LTD. Grows Stake in The Williams Companies, Inc. (NYSE:WMB)

Graybill Wealth Management LTD. increased its stake in The Williams Companies, Inc. (NYSE:WMB) by 0.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,864 shares of the pipeline company’s stock after acquiring an additional 351 shares during the period. Williams Companies makes up approximately 2.5% of Graybill Wealth Management LTD.’s investment portfolio, making the stock its 15th biggest position. Graybill Wealth Management LTD.’s holdings in Williams Companies were worth $5,996,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WMB. Western Pacific Wealth Management LP bought a new stake in Williams Companies in the fourth quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Williams Companies in the fourth quarter worth about $26,000. Rise Advisors LLC bought a new stake in Williams Companies in the first quarter worth about $27,000. Fairman Group LLC bought a new stake in Williams Companies in the fourth quarter worth about $31,000. Finally, CGC Financial Services LLC bought a new stake in Williams Companies in the fourth quarter worth about $35,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB stock remained flat at $42.29 during trading hours on Thursday. The stock had a trading volume of 1,578,611 shares, compared to its average volume of 6,686,559. The business’s fifty day moving average price is $40.43 and its 200 day moving average price is $37.47. The stock has a market cap of $51.54 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 6.73 and a beta of 1.05. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The Williams Companies, Inc. has a 1-year low of $31.45 and a 1-year high of $43.22.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.10. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. Equities analysts anticipate that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Dividend Announcement

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

Insider Transactions at Williams Companies

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WMB. Royal Bank of Canada lifted their price target on shares of Williams Companies from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Wells Fargo & Company raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $46.00 in a research note on Tuesday, June 4th. Truist Financial lifted their price target on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, CIBC boosted their price objective on shares of Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.42.

About Williams Companies

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.