Frank Rimerman Advisors LLC Raises Holdings in The Williams Companies, Inc. (NYSE:WMB)

Frank Rimerman Advisors LLC increased its position in The Williams Companies, Inc. (NYSE:WMB) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,438 shares of the pipeline company’s stock after acquiring an additional 395 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Williams Companies were worth $1,214,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts recently issued reports on WMB shares. CIBC increased their price objective on Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, March 4th. The Goldman Sachs Group increased their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Scotiabank boosted their price objective on shares of Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a research note on Thursday, March 6th. Barclays upped their target price 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. Finally, Truist Financial raised their price target 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. One research 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, the company has an average rating of “Hold” and a consensus price target of $55.07.

Williams Companies Trading Up 2.0 %

WMB stock opened at $57.33 on Friday. The Williams Companies, Inc. has a one year low of $36.84 and a one year high of $61.46. The company has a market capitalization of $69.91 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. The company’s 50 day moving average price is $56.78 and its two-hundred day moving average price is $53.51. 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 earnings per share 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, analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.49%. Williams Companies’s dividend payout ratio is currently 109.29%.

Insider Buying and Selling

In other 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 value of $455,520.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Chad A. Teply sold 26,000 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 133,048 shares of the company’s stock, valued at $7,511,890.08. This represents a 16.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock worth $7,563,278 in the last ninety days. 0.44% of the stock is owned by insiders.

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.