Glenview Trust co Buys 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) by 150.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,288 shares of the pipeline company’s stock after acquiring an additional 6,788 shares during the period. Glenview Trust co’s holdings in Williams Companies were worth $611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMB. Wellington Management Group LLP grew its position in shares of Williams Companies by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after acquiring an additional 5,697,605 shares during the period. Amundi grew its position in shares of Williams Companies by 28.8% during the 4th quarter. Amundi now owns 8,781,963 shares of the pipeline company’s stock valued at $495,215,000 after acquiring an additional 1,964,421 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Williams Companies by 3,490.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock valued at $86,605,000 after acquiring an additional 1,555,667 shares during the period. National Bank of Canada FI grew its position in shares of Williams Companies by 224.1% during the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock valued at $60,909,000 after acquiring an additional 922,550 shares during the period. Finally, Castle Hook Partners LP boosted its holdings in Williams Companies by 31.7% in the 3rd quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock worth $136,461,000 after buying an additional 718,915 shares during the period. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Up 2.0 %

Shares of NYSE:WMB opened at $58.42 on Tuesday. The Williams Companies, Inc. has a 52-week low of $36.84 and a 52-week high of $61.46. The firm has a fifty day moving average of $56.83 and a 200 day moving average of $53.66. The firm has a market capitalization of $71.23 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50.

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

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.42%. Williams Companies’s dividend payout ratio (DPR) is 109.29%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WMB shares. Truist Financial boosted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada boosted their target price on shares of Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Barclays boosted their target price on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Citigroup boosted their target price on shares of Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, CIBC boosted their target price on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.07.

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.