Frank Rimerman Advisors LLC Buys 395 Shares of The Williams Companies, Inc. (NYSE:WMB)

Frank Rimerman Advisors LLC grew its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,438 shares of the pipeline company’s stock after purchasing an additional 395 shares during the period. Frank Rimerman Advisors LLC’s holdings in Williams Companies were worth $1,214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quent Capital LLC bought a new stake in Williams Companies during the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust purchased a new position in shares of Williams Companies in the 4th quarter valued at approximately $25,000. AlphaMark Advisors LLC bought a new stake in shares of Williams Companies during the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC purchased a new stake in Williams Companies in the third quarter worth $30,000. Finally, Financial Life Planners bought a new position in Williams Companies in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 2.0 %

WMB opened at $57.33 on Friday. The stock has a market capitalization of $69.91 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 5.01 and a beta of 1.03. The firm has a 50 day moving average price of $56.78 and a 200-day moving average price of $53.51. The Williams Companies, Inc. has a twelve month low of $36.84 and a twelve month high of $61.46. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Equities research analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The company 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. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s payout ratio is currently 109.29%.

Insider Activity

In other Williams Companies news, COO Micheal G. Dunn sold 96,687 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the completion of the sale, the chief operating officer now directly owns 714,693 shares of the company’s stock, valued at approximately $37,907,316.72. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Chad A. Teply sold 26,000 shares of Williams Companies stock in a transaction on Thursday, February 27th. The stock was 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 owns 133,048 shares in the company, valued at $7,511,890.08. This represents a 16.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock valued at $7,563,278 in the last quarter. 0.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WMB shares. CIBC upped their target price on shares of Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. Barclays upped their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Truist Financial boosted their price target on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada upped their price target on Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group boosted their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.07.

Williams Companies Company 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.