FineMark National Bank & Trust Has $605,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

FineMark National Bank & Trust lessened its holdings in The Williams Companies, Inc. (NYSE:WMB) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,179 shares of the pipeline company’s stock after selling 1,037 shares during the quarter. FineMark National Bank & Trust’s holdings in Williams Companies were worth $605,000 as of its most recent SEC filing.

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

Williams Companies Trading Down 0.5 %

Shares of WMB stock opened at $60.78 on Wednesday. The stock has a market capitalization of $74.11 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 5.01 and a beta of 1.03. The company’s fifty day simple moving average is $57.25 and its two-hundred day simple moving average is $54.29. The Williams Companies, Inc. has a 1 year low of $37.18 and a 1 year high of $61.67. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. As a group, analysts anticipate that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.29%. Williams Companies’s payout ratio is presently 109.29%.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the sale, the senior vice president now directly owns 81,265 shares in the company, valued at $4,627,229.10. This represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Chad A. Teply sold 26,000 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 133,048 shares in the company, valued at $7,511,890.08. This trade represents a 16.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,583 shares of company stock valued at $7,563,278 in the last quarter. Insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WMB. Citigroup boosted their price target on shares of Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Truist Financial raised their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. The Goldman Sachs Group lifted their target price on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Royal Bank of Canada raised their price objective on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Finally, Scotiabank upped their target price on shares of Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and an average target price of $56.07.

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.