Thurston Springer Miller Herd & Titak Inc. Buys 6,025 Shares of The Williams Companies, Inc. (NYSE:WMB)

Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 21.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 34,232 shares of the pipeline company’s stock after purchasing an additional 6,025 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Williams Companies were worth $2,046,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WMB. Quent Capital LLC purchased a new stake in shares of Williams Companies during the fourth quarter valued at approximately $25,000. Bank of Jackson Hole Trust purchased a new position in Williams Companies in the 4th quarter worth approximately $25,000. Menard Financial Group LLC bought a new position in Williams Companies in the 4th quarter valued at approximately $26,000. Sandy Spring Bank bought a new position in Williams Companies in the 4th quarter valued at approximately $27,000. Finally, Hoey Investments Inc. purchased a new stake in Williams Companies during the 4th quarter valued at $28,000. 86.44% of the stock is currently owned by institutional investors.

Insider Activity

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the firm’s 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 sale, the senior vice president now owns 81,265 shares in the company, valued at approximately $4,627,229.10. This trade represents a 8.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Micheal G. Dunn sold 96,687 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $53.04, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WMB. Truist Financial upped their price target on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company boosted their target price on Williams Companies from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 28th. Barclays raised their price target on shares of Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a research note on Friday, May 16th. Finally, Citigroup raised their target price on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.75.

Williams Companies Stock Down 1.6%

WMB opened at $60.16 on Thursday. The firm’s 50 day simple moving average is $58.42 and its two-hundred day simple moving average is $57.32. The company has a market capitalization of $73.36 billion, a PE ratio of 32.87, a PEG ratio of 5.01 and a beta of 0.65. The Williams Companies, Inc. has a 1-year low of $40.41 and a 1-year high of $61.67. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Williams Companies’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. As a group, equities analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies’s dividend payout ratio (DPR) is currently 106.95%.

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.