Boston Private Wealth LLC Grows Stake in The Williams Companies, Inc. (NYSE:WMB)

Boston Private Wealth LLC lifted its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 46.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,121 shares of the pipeline company’s stock after purchasing an additional 9,265 shares during the period. Boston Private Wealth LLC’s holdings in The Williams Companies were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new stake in shares of The Williams Companies during the first quarter worth about $26,000. Abundance Wealth Counselors purchased a new stake in shares of The Williams Companies during the first quarter worth about $29,000. Atlas Capital Advisors LLC purchased a new stake in shares of The Williams Companies during the first quarter worth about $36,000. Security National Trust Co. increased its stake in shares of The Williams Companies by 136.8% during the first quarter. Security National Trust Co. now owns 1,835 shares of the pipeline company’s stock worth $43,000 after purchasing an additional 1,060 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC purchased a new stake in The Williams Companies during the 1st quarter valued at about $44,000. 82.98% of the stock is owned by institutional investors and hedge funds.

NYSE:WMB opened at $27.71 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.46. The firm has a market cap of $33.66 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 4.45 and a beta of 1.50. The company has a 50-day moving average price of $25.26. The Williams Companies, Inc. has a 1-year low of $17.48 and a 1-year high of $28.35.

The Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Sunday, May 2nd. The pipeline company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. The Williams Companies had a net margin of 13.70% and a return on equity of 9.84%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the business posted ($0.43) EPS. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 28th. Stockholders of record on Friday, June 11th will be issued a $0.41 dividend. The ex-dividend date is Thursday, June 10th. This represents a $1.64 annualized dividend and a dividend yield of 5.92%. The Williams Companies’s dividend payout ratio is currently 149.09%.

Several brokerages recently issued reports on WMB. Royal Bank of Canada upped their price objective on shares of The Williams Companies from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Wednesday, May 19th. Credit Suisse Group upped their price objective on shares of The Williams Companies from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, May 18th. Scotiabank raised shares of The Williams Companies from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, March 4th. They noted that the move was a valuation call. Wells Fargo & Company upped their price objective on shares of The Williams Companies from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, May 13th. Finally, Mizuho upped their price objective on shares of The Williams Companies from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, May 5th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The Williams Companies presently has an average rating of “Buy” and an average price target of $26.83.

About The 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, and West segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.

Featured Article: Why do commodities matter?

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Williams Companies, Inc. (NYSE:WMB).

Institutional Ownership by Quarter for The Williams Companies (NYSE:WMB)

Receive News & Ratings for The Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.