SeaCrest Wealth Management LLC Buys 929 Shares of The Williams Companies, Inc. (NYSE:WMB)

SeaCrest Wealth Management LLC raised its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,915 shares of the pipeline company’s stock after acquiring an additional 929 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Williams Companies were worth $593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quent Capital LLC purchased a new position in Williams Companies in the 4th quarter worth $25,000. Bank of Jackson Hole Trust purchased a new position in Williams Companies in the 4th quarter worth $25,000. Menard Financial Group LLC purchased a new position in Williams Companies in the 4th quarter worth $26,000. Sandy Spring Bank purchased a new position in Williams Companies in the 4th quarter worth $27,000. Finally, Hoey Investments Inc. purchased a new position in Williams Companies in the 4th quarter worth $28,000. Institutional investors own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the sale, the senior vice president now directly owns 81,265 shares in the company, valued at approximately $4,627,229.10. The trade was a 8.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.44% of the stock is owned by company insiders.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $60.56 on Friday. 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 $40.41 and a twelve month high of $61.67. The business has a 50-day moving average price of $58.43 and a 200 day moving average price of $57.34. The firm has a market cap of $73.84 billion, a PE ratio of 33.09, a P/E/G ratio of 5.01 and a beta of 0.65.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results 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. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the business earned $0.59 EPS. Williams Companies’s revenue for the quarter was up 10.0% compared to the same quarter last year. Sell-side analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal 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 paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.30%. Williams Companies’s dividend payout ratio is presently 106.95%.

Analyst Ratings Changes

WMB has been the subject of a number of research analyst reports. Scotiabank raised their target price on Williams Companies from $52.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Thursday. Morgan Stanley lifted their price objective on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $63.00 price objective on shares of Williams Companies in a research note on Friday, May 16th. CIBC lifted their price objective on Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Finally, Barclays lifted their price objective on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.25.

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.