Crewe Advisors LLC Grows Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Crewe Advisors LLC grew its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 355.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,506 shares of the pipeline company’s stock after buying an additional 1,175 shares during the quarter. Crewe Advisors LLC’s holdings in Williams Companies were worth $64,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Checchi Capital Advisers LLC lifted its position in shares of Williams Companies by 1.2% during the first quarter. Checchi Capital Advisers LLC now owns 22,683 shares of the pipeline company’s stock worth $884,000 after purchasing an additional 274 shares in the last quarter. Everett Harris & Co. CA lifted its position in shares of Williams Companies by 1.8% during the first quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock worth $591,000 after purchasing an additional 275 shares in the last quarter. Schulhoff & Co. Inc. lifted its position in shares of Williams Companies by 1.6% during the first quarter. Schulhoff & Co. Inc. now owns 17,883 shares of the pipeline company’s stock worth $697,000 after purchasing an additional 276 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of Williams Companies by 3.3% during the first quarter. Industrial Alliance Investment Management Inc. now owns 8,770 shares of the pipeline company’s stock worth $342,000 after purchasing an additional 280 shares in the last quarter. Finally, L.M. Kohn & Company lifted its position in shares of Williams Companies by 4.9% during the first quarter. L.M. Kohn & Company now owns 6,116 shares of the pipeline company’s stock worth $238,000 after purchasing an additional 288 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WMB. Royal Bank of Canada boosted their target price on shares of Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Morgan Stanley upped their price target 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. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. CIBC upped their price target on shares of Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Finally, Stifel Nicolaus upped their price target on shares of Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $42.83.

Williams Companies Stock Performance

Shares of Williams Companies stock traded up $0.28 during trading on Friday, hitting $45.77. 7,165,846 shares of the stock were exchanged, compared to its average volume of 6,437,417. The stock’s fifty day moving average is $43.25 and its 200 day moving average is $40.17. The stock has a market cap of $55.78 billion, a PE ratio of 19.23, a P/E/G ratio of 6.25 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The Williams Companies, Inc. has a 12 month low of $32.49 and a 12 month high of $45.81.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. As a group, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.475 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a yield of 4.15%. Williams Companies’s dividend 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.