Geller Advisors LLC Purchases New Position in The Williams Companies, Inc. (NYSE:WMB)

Geller Advisors LLC acquired a new position in The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, HoldingsChannel reports. The firm acquired 3,729 shares of the pipeline company’s stock, valued at approximately $202,000.

A number of other large investors have also recently made changes to their positions in the business. Quent Capital LLC bought a new position in Williams Companies in the 4th quarter worth $25,000. Bank of Jackson Hole Trust bought a new stake in Williams Companies during the 4th quarter valued at approximately $25,000. AlphaMark Advisors LLC purchased a new position in shares of Williams Companies during the 4th quarter worth approximately $27,000. Sandy Spring Bank bought a new position in shares of Williams Companies in the 4th quarter worth approximately $27,000. Finally, Hoey Investments Inc. purchased a new position in shares of Williams Companies in the 4th quarter valued at approximately $28,000. 86.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Williams Companies news, CAO Mary A. Hausman sold 8,896 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total transaction of $511,520.00. Following the completion of the transaction, the chief accounting officer now owns 22,339 shares in the company, valued at $1,284,492.50. This trade represents a 28.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the transaction, the senior vice president now owns 81,265 shares of the company’s stock, valued at $4,627,229.10. This represents a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock worth $7,563,278 in the last three months. 0.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup increased their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Morgan Stanley lifted their price target on shares of Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Wells Fargo & Company raised their target price on shares of Williams Companies from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday. CIBC boosted their price target on Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. Finally, Barclays raised their price objective on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.50.

Williams Companies Stock Up 1.1 %

WMB stock opened at $57.67 on Friday. The business’s 50-day moving average price is $57.91 and its 200-day moving average price is $56.70. The stock has a market cap of $70.32 billion, a P/E ratio of 31.51, a PEG ratio of 5.01 and a beta of 0.66. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a twelve month low of $39.57 and a twelve month high of $61.67.

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

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.50 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.47%. Williams Companies’s dividend payout ratio is presently 106.95%.

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.