Personal CFO Solutions LLC Lowers Position in Williams Companies, Inc. (The) (NYSE:WMB)

Personal CFO Solutions LLC cut its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 9.8% in the first quarter, Holdings Channel reports. The fund owned 5,130 shares of the pipeline company’s stock after selling 559 shares during the quarter. Personal CFO Solutions LLC’s holdings in Williams Companies were worth $307,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC lifted its stake in Williams Companies by 6.7% in the first quarter. Valeo Financial Advisors LLC now owns 6,851 shares of the pipeline company’s stock worth $409,000 after acquiring an additional 432 shares during the period. Gibraltar Capital Management Inc. purchased a new stake in shares of Williams Companies during the first quarter valued at about $2,653,000. Abound Financial LLC purchased a new stake in shares of Williams Companies during the first quarter valued at about $32,000. Crossmark Global Holdings Inc. lifted its position in shares of Williams Companies by 1.1% during the first quarter. Crossmark Global Holdings Inc. now owns 60,820 shares of the pipeline company’s stock valued at $3,635,000 after buying an additional 663 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its position in shares of Williams Companies by 147.5% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 173,812 shares of the pipeline company’s stock valued at $10,387,000 after buying an additional 103,580 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $57.70 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 1.63. Williams Companies, Inc. has a 12 month low of $40.41 and a 12 month high of $63.45. The company has a 50 day simple moving average of $59.43 and a two-hundred day simple moving average of $57.91. The stock has a market cap of $70.36 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 4.27 and a beta of 0.65.

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

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Friday, June 13th. Williams Companies’s dividend payout ratio (DPR) is 106.95%.

Analyst Ratings Changes

WMB has been the subject of several analyst reports. Barclays increased 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 report on Friday, March 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $63.00 price target on shares of Williams Companies in a research report on Friday, May 16th. TD Cowen initiated coverage on shares of Williams Companies in a research report on Monday. They set a “buy” rating and a $67.00 price target for the company. Morgan Stanley increased their price objective 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. Finally, Wells Fargo & Company lifted their target price on shares of Williams Companies from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 28th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Williams Companies has a consensus rating of “Moderate Buy” and a consensus target price of $61.69.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred 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 transaction, the senior vice president directly owned 315,645 shares of the company’s stock, valued at $19,790,941.50. The trade was a 0.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is currently owned by company insiders.

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.