Phillips Wealth Planners LLC Has $1.40 Million Holdings in Williams Companies, Inc. (The) (NYSE:WMB)

Phillips Wealth Planners LLC trimmed its position in Williams Companies, Inc. (The) (NYSE:WMB) by 11.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,794 shares of the pipeline company’s stock after selling 3,154 shares during the quarter. Williams Companies makes up approximately 1.4% of Phillips Wealth Planners LLC’s holdings, making the stock its 10th largest position. Phillips Wealth Planners LLC’s holdings in Williams Companies were worth $1,398,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Perigon Wealth Management LLC increased its holdings in shares of Williams Companies by 7.7% in the 1st quarter. Perigon Wealth Management LLC now owns 27,475 shares of the pipeline company’s stock valued at $1,642,000 after acquiring an additional 1,966 shares during the last quarter. TigerOak Management L.L.C. bought a new stake in shares of Williams Companies in the 1st quarter valued at approximately $215,000. Alpine Bank Wealth Management acquired a new position in Williams Companies during the 1st quarter valued at approximately $39,000. Golden State Wealth Management LLC boosted its position in Williams Companies by 308.3% during the 1st quarter. Golden State Wealth Management LLC now owns 17,875 shares of the pipeline company’s stock valued at $1,068,000 after purchasing an additional 13,497 shares during the period. Finally, Aurora Private Wealth Inc. boosted its position in Williams Companies by 5,827.0% during the 1st quarter. Aurora Private Wealth Inc. now owns 248,518 shares of the pipeline company’s stock valued at $14,851,000 after purchasing an additional 244,325 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Down 0.6%

Shares of WMB stock opened at $60.77 on Thursday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.36 and a current ratio of 0.40. Williams Companies, Inc. has a 1 year low of $40.41 and a 1 year high of $61.67. The stock has a fifty day moving average of $59.22 and a two-hundred day moving average of $57.51. The firm has a market capitalization of $74.10 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 4.51 and a beta of 0.65.

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

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, June 13th. Williams Companies’s dividend payout ratio is presently 106.95%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Royal Bank Of Canada restated an “outperform” rating and set a $63.00 price objective on shares of Williams Companies in a research report on Friday, May 16th. Scotiabank boosted their price objective on Williams Companies from $52.00 to $59.00 and gave the company a “sector perform” rating in a research report on Thursday, June 5th. Barclays boosted their price objective on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Finally, Wolfe Research upgraded Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.25.

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.