Tradewinds Capital Management LLC Acquires 2,000 Shares of The Williams Companies, Inc. (NYSE:WMB)

Tradewinds Capital Management LLC raised its position in The Williams Companies, Inc. (NYSE:WMB) by 888.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,225 shares of the pipeline company’s stock after purchasing an additional 2,000 shares during the period. Tradewinds Capital Management LLC’s holdings in Williams Companies were worth $87,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of WMB. Hexagon Capital Partners LLC boosted its stake in shares of Williams Companies by 60.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 10,414 shares of the pipeline company’s stock valued at $406,000 after purchasing an additional 3,924 shares in the last quarter. Little House Capital LLC bought a new position in Williams Companies in the first quarter worth approximately $1,036,000. Blue Zone Wealth Advisors LLC raised its position in Williams Companies by 1.1% in the first quarter. Blue Zone Wealth Advisors LLC now owns 166,534 shares of the pipeline company’s stock worth $6,490,000 after acquiring an additional 1,846 shares during the period. Founders Financial Securities LLC raised its position in shares of Williams Companies by 5.4% during the 1st quarter. Founders Financial Securities LLC now owns 54,072 shares of the pipeline company’s stock valued at $2,107,000 after purchasing an additional 2,769 shares during the period. Finally, Vicus Capital bought a new stake in shares of Williams Companies during the 1st quarter valued at $321,000. 86.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of research analyst reports. Truist Financial lifted their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Argus raised shares of Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Barclays lifted their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Finally, CIBC boosted their target price on shares of Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $41.42.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction dated Thursday, May 9th. The stock was 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 owns 60,410 shares in the company, valued at $2,392,840.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

NYSE:WMB traded up $0.69 during trading hours on Wednesday, hitting $42.99. 1,875,393 shares of the company traded hands, compared to its average volume of 6,640,414. The Williams Companies, Inc. has a twelve month low of $32.20 and a twelve month high of $43.22. The stock has a market capitalization of $52.39 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 6.67 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 firm has a 50-day moving average of $40.75 and a 200 day moving average of $37.70.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. The company’s revenue was down 10.1% on a year-over-year basis. On average, analysts forecast that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were given a dividend of $0.475 per share. The ex-dividend date was Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a yield of 4.42%. Williams Companies’s dividend payout ratio (DPR) is 79.83%.

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, 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.