First Foundation Advisors Has $426,000 Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

First Foundation Advisors trimmed its position in The Williams Companies, Inc. (NYSE:WMB) by 15.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,942 shares of the pipeline company’s stock after selling 1,996 shares during the period. First Foundation Advisors’ holdings in Williams Companies were worth $426,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Williams Companies during the 4th quarter worth approximately $306,417,000. ETF Store Inc. raised its holdings in Williams Companies by 3.3% during the 4th quarter. ETF Store Inc. now owns 28,444 shares of the pipeline company’s stock worth $991,000 after buying an additional 899 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Williams Companies by 145.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock worth $3,716,000 after buying an additional 56,509 shares during the period. Eagle Asset Management Inc. raised its holdings in Williams Companies by 24.5% during the 4th quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock worth $91,820,000 after buying an additional 518,009 shares during the period. Finally, Rheos Capital Works Inc. raised its holdings in Williams Companies by 59.0% during the 4th quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock worth $22,988,000 after buying an additional 245,000 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on WMB shares. StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Scotiabank lifted their price objective on shares of Williams Companies from $40.00 to $43.00 and gave the company a “sector perform” rating in a report on Wednesday. Truist Financial lifted their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Morgan Stanley lifted their price objective on shares of Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, June 10th. Finally, Barclays lifted their price objective on shares of Williams Companies from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.77.

Insider Activity

In other news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the sale, the senior vice president now owns 60,410 shares of the company’s stock, valued at $2,392,840.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Up 1.7 %

Shares of NYSE:WMB traded up $0.72 during midday trading on Friday, hitting $44.00. The stock had a trading volume of 8,859,218 shares, compared to its average volume of 5,182,111. The Williams Companies, Inc. has a 12 month low of $32.49 and a 12 month high of $44.17. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The business’s 50-day simple moving average is $41.72 and its 200-day simple moving average is $38.39. The company has a market cap of $53.63 billion, a P/E ratio of 18.49, a PEG ratio of 6.88 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the previous year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. On average, sell-side analysts forecast that The Williams Companies, Inc. will post 1.86 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, June 7th were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.32%. Williams Companies’s payout ratio is presently 79.83%.

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.