Glenview Trust co Purchases 6,788 Shares of The Williams Companies, Inc. (NYSE:WMB)

Glenview Trust co grew its stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 150.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,288 shares of the pipeline company's stock after buying an additional 6,788 shares during the period. Glenview Trust co's holdings in Williams Companies were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Baader Bank Aktiengesellschaft grew its holdings in Williams Companies by 3.3% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company's stock valued at $300,000 after buying an additional 180 shares in the last quarter. Albion Financial Group UT boosted its position in shares of Williams Companies by 18.4% during the 4th quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company's stock valued at $64,000 after acquiring an additional 184 shares during the last quarter. Sprinkle Financial Consultants LLC grew its holdings in shares of Williams Companies by 3.8% in the fourth quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company's stock valued at $275,000 after purchasing an additional 185 shares in the last quarter. AMG National Trust Bank increased its position in Williams Companies by 0.6% in the fourth quarter. AMG National Trust Bank now owns 30,813 shares of the pipeline company's stock worth $1,669,000 after purchasing an additional 186 shares during the last quarter. Finally, Tower Wealth Partners Inc. raised its stake in Williams Companies by 4.3% during the fourth quarter. Tower Wealth Partners Inc. now owns 4,591 shares of the pipeline company's stock valued at $248,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company's stock.

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Insiders Place Their Bets

In other news, SVP Chad A. Teply sold 26,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the completion of the sale, the senior vice president now owns 133,048 shares of the company's stock, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total transaction 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. This represents a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,583 shares of company stock worth $7,563,278. 0.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMB. Truist Financial lifted their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. The Goldman Sachs Group lifted their price target on Williams Companies from $45.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. Scotiabank boosted their price objective on Williams Companies from $51.00 to $53.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 6th. Citigroup raised their price objective on Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, CIBC boosted their target price on Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $55.21.

Williams Companies Trading Down 0.3 %

Williams Companies stock traded down $0.16 during mid-day trading on Friday, hitting $59.60. The company's stock had a trading volume of 13,202,271 shares, compared to its average volume of 6,214,718. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The company has a 50 day moving average of $57.02 and a 200-day moving average of $53.83. The Williams Companies, Inc. has a one year low of $37.18 and a one year high of $61.46. The stock has a market cap of $72.67 billion, a PE ratio of 32.57, a P/E/G ratio of 5.01 and a beta of 1.03.

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

Williams Companies Increases Dividend

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

About Williams Companies

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.