The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Resurgent Financial Advisors LLC

Resurgent Financial Advisors LLC raised its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 24.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,206 shares of the pipeline company’s stock after acquiring an additional 1,808 shares during the period. Resurgent Financial Advisors LLC’s holdings in Williams Companies were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMB. Rise Advisors LLC purchased a new stake in shares of Williams Companies during the 1st quarter worth about $27,000. Western Pacific Wealth Management LP acquired a new position in Williams Companies during the fourth quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Williams Companies during the fourth quarter worth approximately $26,000. Fairman Group LLC acquired a new stake in shares of Williams Companies in the fourth quarter worth $31,000. Finally, Alaska Permanent Fund Corp purchased a new position in shares of Williams Companies in the 1st quarter valued at $46,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WMB. CIBC upped their price target on shares of Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. UBS Group increased their target price on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Truist Financial raised their target price on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Finally, Scotiabank lifted their price objective on shares of Williams Companies from $40.00 to $43.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.77.

Insiders Place Their Bets

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

Williams Companies Stock Down 1.4 %

Shares of Williams Companies stock traded down $0.62 during trading on Tuesday, reaching $44.15. The company had a trading volume of 3,720,154 shares, compared to its average volume of 6,516,920. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.52. The Williams Companies, Inc. has a fifty-two week low of $32.49 and a fifty-two week high of $45.10. The firm’s fifty day moving average is $41.82 and its 200-day moving average is $38.47. The company has a market cap of $53.81 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 6.88 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the company earned $0.56 earnings per share. Williams Companies’s quarterly revenue was down 10.1% on a year-over-year basis. On average, analysts anticipate that The Williams Companies, Inc. will post 1.86 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.30%. The ex-dividend date was Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

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.