Grove Bank & Trust Has $213,000 Stock Position in Williams Companies, Inc. (The) (NYSE:WMB)

Grove Bank & Trust raised its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 20.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,565 shares of the pipeline company’s stock after purchasing an additional 595 shares during the period. Grove Bank & Trust’s holdings in Williams Companies were worth $213,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new position in Williams Companies in the 4th quarter valued at about $25,000. Menard Financial Group LLC purchased a new stake in shares of Williams Companies during the 4th quarter worth approximately $26,000. Sandy Spring Bank bought a new stake in shares of Williams Companies in the fourth quarter valued at $27,000. Hoey Investments Inc. bought a new stake in Williams Companies in the 4th quarter valued at about $28,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Williams Companies during the 4th quarter valued at approximately $30,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. CIBC lifted their target price on Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. Wells Fargo & Company lifted their price target on Williams Companies from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 28th. Citigroup upped their price objective 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. Wolfe Research upgraded Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Finally, Barclays raised their target price on shares of Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Williams Companies presently has an average rating of “Moderate Buy” and a consensus target price of $61.25.

Williams Companies Price Performance

NYSE WMB opened at $58.48 on Wednesday. The stock has a market capitalization of $71.31 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 4.37 and a beta of 0.65. Williams Companies, Inc. has a 1-year low of $40.41 and a 1-year high of $61.67. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.36. The business’s fifty day moving average price is $58.84 and its 200-day moving average price is $57.37.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. Williams Companies’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 earnings per share. On average, equities analysts predict that Williams Companies, Inc. will post 2.08 earnings per share 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.42%. Williams Companies’s dividend payout ratio (DPR) is 106.95%.

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.