Transform Wealth LLC Trims Holdings in The Williams Companies, Inc. (NYSE:WMB)

Transform Wealth LLC trimmed its stake in The Williams Companies, Inc. (NYSE:WMB) by 6.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 49,810 shares of the pipeline company’s stock after selling 3,322 shares during the period. Transform Wealth LLC’s holdings in Williams Companies were worth $2,977,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in WMB. Brighton Jones LLC raised its stake in shares of Williams Companies by 40.9% in the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after acquiring an additional 3,969 shares during the period. Apollon Wealth Management LLC increased its stake in Williams Companies by 2.2% during the 4th quarter. Apollon Wealth Management LLC now owns 32,817 shares of the pipeline company’s stock worth $1,776,000 after buying an additional 697 shares during the period. Savant Capital LLC increased its stake in Williams Companies by 20.2% during the 4th quarter. Savant Capital LLC now owns 20,184 shares of the pipeline company’s stock worth $1,092,000 after buying an additional 3,395 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in Williams Companies during the 4th quarter worth approximately $106,000. Finally, Equitable Trust Co. increased its stake in Williams Companies by 2.2% during the 4th quarter. Equitable Trust Co. now owns 10,028 shares of the pipeline company’s stock worth $543,000 after buying an additional 213 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Trading Down 1.3%

Shares of Williams Companies stock opened at $58.91 on Wednesday. The company has a fifty day simple moving average of $58.39 and a 200-day simple moving average of $57.33. 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 $71.83 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 5.01 and a beta of 0.65.

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 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 business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the business posted $0.59 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Friday, June 13th. Williams Companies’s payout ratio is 106.95%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barclays upped their target price 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. Morgan Stanley upped their target price 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $63.00 target price on shares of Williams Companies in a research note on Friday, May 16th. Scotiabank upped their target price on shares of Williams Companies from $52.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 5th. Finally, Citigroup upped their target price on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies has a consensus rating of “Moderate Buy” and an average price target 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.