The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Curated Wealth Partners LLC

Curated Wealth Partners LLC increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 19.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,678 shares of the pipeline company’s stock after purchasing an additional 1,066 shares during the quarter. Curated Wealth Partners LLC’s holdings in Williams Companies were worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quent Capital LLC acquired a new position in shares of Williams Companies in the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies in the fourth quarter worth about $25,000. Menard Financial Group LLC acquired a new position in Williams Companies in the fourth quarter valued at approximately $26,000. Sandy Spring Bank bought a new position in shares of Williams Companies during the fourth quarter valued at approximately $27,000. Finally, Hoey Investments Inc. bought a new position in shares of Williams Companies during the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Citigroup upped their price target on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. CIBC boosted their target price on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Royal Bank of Canada restated an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a research report on Friday, May 16th. Finally, Barclays lifted their price target on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.25.

Williams Companies Stock Performance

WMB opened at $59.65 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The company has a market capitalization of $72.73 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 5.01 and a beta of 0.65. The business has a 50 day moving average price of $58.39 and a two-hundred day moving average price of $57.32. The Williams Companies, Inc. has a 1-year low of $40.41 and a 1-year high of $61.67.

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

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued 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 3.35%. Williams Companies’s dividend payout ratio is 106.95%.

Insider Transactions at Williams Companies

In other news, SVP Larry C. Larsen sold 8,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the sale, the senior vice president now owns 81,265 shares in the company, valued at approximately $4,627,229.10. This represents a 8.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by company insiders.

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.