Round Rock Advisors LLC Has $2.55 Million Position in Williams Companies, Inc. (The) (NYSE:WMB)

Round Rock Advisors LLC lessened its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 1.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 42,611 shares of the pipeline company’s stock after selling 716 shares during the quarter. Round Rock Advisors LLC’s holdings in Williams Companies were worth $2,546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WMB. Menard Financial Group LLC acquired a new position in shares of Williams Companies in the fourth quarter valued at approximately $26,000. HWG Holdings LP bought a new stake in Williams Companies during the first quarter worth $26,000. Sandy Spring Bank bought a new stake in Williams Companies during the fourth quarter worth $27,000. Hoey Investments Inc. bought a new stake in Williams Companies during the fourth quarter worth $28,000. Finally, Abound Financial LLC bought a new position in shares of Williams Companies in the first quarter valued at about $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Up 0.0%

Shares of NYSE WMB opened at $57.70 on Thursday. The company has a market capitalization of $70.36 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 4.27 and a beta of 0.65. Williams Companies, Inc. has a 52-week low of $40.41 and a 52-week high of $63.45. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.36 and a current ratio of 0.40. The company’s 50 day moving average price is $59.43 and its 200-day moving average price is $57.91.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.18% and a return on equity of 15.95%. Williams Companies’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 EPS. Equities analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.50 per share. The ex-dividend date was 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 (DPR) is presently 106.95%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WMB. Wells Fargo & Company increased their price objective on shares of Williams Companies from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, May 28th. Wolfe Research upgraded shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 13th. Morgan Stanley increased their price objective 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. Scotiabank raised their price target on shares of Williams Companies from $52.00 to $59.00 and gave the company a “sector perform” rating in a research note on Thursday, June 5th. Finally, Barclays raised their price target on shares of Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.69.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $62.70, for a total transaction of $125,400.00. Following the completion of the sale, the senior vice president owned 315,645 shares in the company, valued at approximately $19,790,941.50. The trade was a 0.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.44% of the company’s stock.

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.