The Williams Companies, Inc. (NYSE:WMB) Shares Bought by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. raised its holdings in The Williams Companies, Inc. (NYSE:WMB) by 3,004.7% during the first quarter, HoldingsChannel reports. The firm owned 18,318 shares of the pipeline company’s stock after buying an additional 17,728 shares during the period. SOA Wealth Advisors LLC.’s holdings in Williams Companies were worth $1,095,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Miracle Mile Advisors LLC acquired a new position in Williams Companies in the first quarter valued at $357,000. Wedmont Private Capital increased its stake in Williams Companies by 12.0% in the first quarter. Wedmont Private Capital now owns 22,729 shares of the pipeline company’s stock valued at $1,282,000 after purchasing an additional 2,439 shares during the period. UMB Bank n.a. increased its stake in shares of Williams Companies by 4.5% during the first quarter. UMB Bank n.a. now owns 15,851 shares of the pipeline company’s stock worth $947,000 after acquiring an additional 685 shares during the period. Perennial Advisors LLC acquired a new position in shares of Williams Companies during the first quarter worth about $248,000. Finally, Sivia Capital Partners LLC increased its stake in shares of Williams Companies by 11.6% during the first quarter. Sivia Capital Partners LLC now owns 4,393 shares of the pipeline company’s stock worth $263,000 after acquiring an additional 457 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $60.56 on Friday. The Williams Companies, Inc. has a 12-month low of $40.41 and a 12-month high of $61.67. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The stock has a market cap of $73.84 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 5.01 and a beta of 0.65. The company has a 50-day moving average of $58.43 and a two-hundred day moving average of $57.34.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company posted $0.59 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, research analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.30%. Williams Companies’s dividend payout ratio (DPR) is 106.95%.

Insider Transactions at Williams Companies

In other news, SVP Larry C. Larsen sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the transaction, the senior vice president now directly owns 81,265 shares of the company’s stock, valued at $4,627,229.10. This trade represents a 8.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $63.00 price target on shares of Williams Companies in a research note on Friday, May 16th. Morgan Stanley boosted their price target on shares of Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Barclays boosted their price target on shares of Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. CIBC boosted their price target on shares of Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 4th. Finally, Truist Financial boosted their price target on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Williams Companies presently has an average rating of “Moderate Buy” and a consensus target price of $61.25.

Williams Companies 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.