Buckley Wealth Management LLC Decreases Position in The Williams Companies, Inc. (NYSE:WMB)

Buckley Wealth Management LLC cut its position in The Williams Companies, Inc. (NYSE:WMB) by 1.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 29,955 shares of the pipeline company’s stock after selling 310 shares during the period. Buckley Wealth Management LLC’s holdings in Williams Companies were worth $1,167,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Western Pacific Wealth Management LP purchased a new position in shares of Williams Companies during the fourth quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Williams Companies during the fourth quarter valued at approximately $26,000. Rise Advisors LLC purchased a new position in shares of Williams Companies during the first quarter valued at approximately $27,000. Fairman Group LLC purchased a new position in shares of Williams Companies during the fourth quarter valued at approximately $31,000. Finally, CGC Financial Services LLC purchased a new position in shares of Williams Companies during the fourth quarter valued at approximately $35,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMB has been the subject of several research reports. US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. Morgan Stanley boosted their target price on shares of Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, June 10th. Barclays boosted their target price on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Stifel Nicolaus boosted their target price on shares of Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.42.

Williams Companies Price Performance

Shares of NYSE:WMB traded down $0.19 during midday trading on Friday, reaching $42.05. 2,311,768 shares of the company were exchanged, compared to its average volume of 6,675,118. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The business’s fifty day moving average is $40.43 and its two-hundred day moving average is $37.47. The Williams Companies, Inc. has a one year low of $31.98 and a one year high of $43.22. The stock has a market cap of $51.25 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 6.63 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share 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 analyst estimates of $2.69 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. Williams Companies’s revenue for the quarter was down 10.1% on a year-over-year basis. As a group, analysts predict that The Williams Companies, Inc. will post 1.85 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were given a dividend of $0.475 per share. 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 4.52%. Williams Companies’s dividend payout ratio is 79.83%.

Insider Buying and Selling

In related news, SVP Debbie L. Pickle sold 38,200 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the sale, the senior vice president now owns 60,410 shares of the company’s stock, valued at $2,392,840.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.44% of the stock is owned by company insiders.

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.