First Financial Bankshares Inc Has $82.39 Million Position in The Williams Companies, Inc. (NYSE:WMB)

First Financial Bankshares Inc trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,522,384 shares of the pipeline company's stock after selling 57,019 shares during the quarter. Williams Companies accounts for about 1.8% of First Financial Bankshares Inc's portfolio, making the stock its 14th largest position. First Financial Bankshares Inc owned approximately 0.12% of Williams Companies worth $82,391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMB. Board of the Pension Protection Fund acquired a new position in shares of Williams Companies in the 4th quarter valued at about $720,000. Foundations Investment Advisors LLC grew its position in shares of Williams Companies by 13.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company's stock valued at $8,811,000 after purchasing an additional 19,782 shares in the last quarter. Golden State Equity Partners grew its position in shares of Williams Companies by 319.9% in the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company's stock valued at $651,000 after purchasing an additional 9,171 shares in the last quarter. Cornerstone Wealth Group LLC grew its position in shares of Williams Companies by 81.4% in the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company's stock valued at $10,062,000 after purchasing an additional 83,429 shares in the last quarter. Finally, Myriad Asset Management US LP purchased a new position in Williams Companies in the fourth quarter worth approximately $995,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the transaction, the senior vice president now owns 81,265 shares in the company, valued at approximately $4,627,229.10. The trade was a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Chad A. Teply sold 26,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the transaction, the senior vice president now directly owns 133,048 shares of the company's stock, valued at $7,511,890.08. This represents a 16.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,583 shares of company stock worth $7,563,278. 0.44% of the stock is owned by insiders.

Williams Companies Price Performance

Shares of NYSE WMB traded down $0.16 during mid-day trading on Friday, reaching $59.60. 13,202,488 shares of the company traded hands, compared to its average volume of 6,181,508. The Williams Companies, Inc. has a fifty-two week low of $37.18 and a fifty-two week high of $61.46. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The firm has a market cap of $72.67 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. The stock has a fifty day simple moving average of $57.09 and a 200-day simple moving average of $53.99.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Equities research analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Friday, March 14th. This is a positive change from Williams Companies's previous quarterly dividend of $0.48. Williams Companies's dividend payout ratio (DPR) is currently 109.29%.

Wall Street Analyst Weigh In

WMB has been the subject of several research analyst reports. Truist Financial raised their price target on Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Scotiabank raised their price objective on Williams Companies from $51.00 to $53.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. The Goldman Sachs Group raised their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. CIBC raised their price target on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. Finally, Barclays lifted their price objective on Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $55.21.

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.