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

Glenview Trust co lifted its position in The Williams Companies, Inc. (NYSE:WMB) by 150.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,288 shares of the pipeline company’s stock after purchasing 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 SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quent Capital LLC bought a new position in shares of Williams Companies in the fourth quarter worth approximately $25,000. Bank of Jackson Hole Trust bought a new stake in Williams Companies in the fourth quarter valued at $25,000. AlphaMark Advisors LLC bought a new stake in Williams Companies in the fourth quarter valued at $27,000. Legacy Investment Solutions LLC bought a new stake in Williams Companies in the third quarter valued at $30,000. Finally, Financial Life Planners bought a new stake in Williams Companies in the fourth quarter valued at $30,000. Institutional investors own 86.44% of the company’s stock.

Insiders Place Their Bets

In other Williams Companies news, COO Micheal G. Dunn sold 96,687 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the completion of the transaction, the chief operating officer now owns 714,693 shares of the company’s stock, valued at approximately $37,907,316.72. The trade was a 11.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Chad A. Teply sold 26,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $56.46, for a total value 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 approximately $7,511,890.08. This trade represents a 16.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,583 shares of company stock valued at $7,563,278. 0.44% of the stock is owned by insiders.

Williams Companies Price Performance

WMB opened at $58.42 on Tuesday. The stock has a 50-day moving average price of $56.83 and a 200-day moving average price of $53.66. 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 $71.23 billion, a PE ratio of 31.92, a P/E/G ratio of 5.01 and a beta of 1.03. The Williams Companies, Inc. has a 1 year low of $36.84 and a 1 year high of $61.46.

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

Williams Companies Increases Dividend

The firm 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 $0.50 dividend. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.42%. Williams Companies’s payout ratio is 109.29%.

Analysts Set New Price Targets

Several research firms recently weighed in on WMB. CIBC lifted their price target 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. Citigroup lifted their price target 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. Scotiabank lifted their price target on shares of Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a report on Thursday, March 6th. 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. Finally, 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.07.

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.