Keybank National Association OH Purchases 8,206 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

Keybank National Association OH lifted its position in Williams Companies, Inc. (The) (NYSE:WMB) by 36.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,666 shares of the pipeline company’s stock after acquiring an additional 8,206 shares during the quarter. Keybank National Association OH’s holdings in Williams Companies were worth $1,833,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in WMB. Menard Financial Group LLC bought a new stake in shares of Williams Companies in the fourth quarter valued at about $26,000. HWG Holdings LP bought a new stake in shares of Williams Companies in the first quarter valued at about $26,000. Sandy Spring Bank bought a new stake in shares of Williams Companies in the fourth quarter valued at about $27,000. Hoey Investments Inc. bought a new stake in shares of Williams Companies in the fourth quarter valued at about $28,000. Finally, Transce3nd LLC bought a new stake in shares of Williams Companies in the fourth quarter valued at about $35,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Price Performance

Shares of NYSE WMB opened at $58.47 on Friday. The business’s 50 day moving average price is $59.51 and its 200 day moving average price is $57.80. The firm has a market cap of $71.29 billion, a P/E ratio of 31.26, a P/E/G ratio of 4.33 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 quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.63.

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

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.00 annualized dividend and a yield of 3.42%. Williams Companies’s dividend payout ratio is presently 106.95%.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $62.70, for a total value of $125,400.00. Following the sale, the senior vice president owned 315,645 shares in the company, valued at approximately $19,790,941.50. This represents a 0.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley lifted their price objective on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Wells Fargo & Company boosted their target price on shares of Williams Companies from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, May 28th. Wolfe Research upgraded shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a report on Friday, June 13th. Barclays boosted their target price on shares of Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Williams Companies has an average rating of “Hold” and a consensus price target of $61.25.

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.