Belpointe Asset Management LLC Invests $101,000 in Williams Companies Inc (NYSE:WMB)

Belpointe Asset Management LLC bought a new position in Williams Companies Inc (NYSE:WMB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,530 shares of the pipeline company’s stock, valued at approximately $101,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Claybrook Capital LLC bought a new stake in Williams Companies during the fourth quarter worth approximately $26,000. JOYN Advisors Inc. raised its holdings in Williams Companies by 57.9% during the fourth quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 463 shares in the last quarter. Oakworth Capital Inc. raised its holdings in Williams Companies by 381.7% during the fourth quarter. Oakworth Capital Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 1,000 shares in the last quarter. Liberty Wealth Management LLC bought a new stake in Williams Companies during the fourth quarter worth approximately $29,000. Finally, Legacy Advisors LLC bought a new stake in Williams Companies during the first quarter worth approximately $29,000. 87.97% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies stock traded up $0.14 on Friday, reaching $28.85. 3,864,342 shares of the stock were exchanged, compared to its average volume of 6,053,821. The firm has a market cap of $34.79 billion, a PE ratio of 36.52, a PEG ratio of 4.66 and a beta of 1.56. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.28 and a current ratio of 0.31. Williams Companies Inc has a twelve month low of $20.36 and a twelve month high of $32.22. The company’s fifty day moving average is $27.54.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). Williams Companies had a positive return on equity of 5.56% and a negative net margin of 1.29%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Williams Companies Inc will post 0.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, June 7th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.52 annualized dividend and a dividend yield of 5.27%. Williams Companies’s payout ratio is 192.41%.

WMB has been the topic of several recent research reports. Mizuho set a $32.00 price target on shares of Williams Companies and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Raymond James started coverage on shares of Planet Fitness in a research report on Wednesday, June 26th. They set an “outperform” rating and a $80.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $32.31.

In other news, Director Stephen I. Chazen acquired 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were purchased at an average cost of $27.33 per share, with a total value of $273,300.00. Following the completion of the purchase, the director now owns 45,730 shares of the company’s stock, valued at $1,249,800.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Ted T. Timmermans sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $26.06, for a total transaction of $130,300.00. Following the sale, the vice president now directly owns 18,666 shares in the company, valued at $486,435.96. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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

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