Riverview Trust Co Buys Shares of 2,993 The Williams Companies, Inc. (NYSE:WMB)

Riverview Trust Co bought a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,993 shares of the pipeline company’s stock, valued at approximately $117,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WMB. Norges Bank bought a new stake in Williams Companies during the 4th quarter valued at $306,417,000. Wellington Management Group LLP lifted its holdings in shares of Williams Companies by 35.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after purchasing an additional 2,482,331 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Williams Companies by 69.2% during the 4th quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock valued at $143,003,000 after purchasing an additional 1,679,452 shares during the last quarter. First Financial Bankshares Inc purchased a new stake in shares of Williams Companies during the 4th quarter valued at $56,223,000. Finally, Morningstar Investment Services LLC lifted its holdings in shares of Williams Companies by 3,821.2% during the 4th quarter. Morningstar Investment Services LLC now owns 1,579,718 shares of the pipeline company’s stock valued at $55,180,000 after purchasing an additional 1,539,431 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE WMB opened at $42.88 on Wednesday. The stock has a 50-day simple moving average of $40.34 and a two-hundred day simple moving average of $37.43. The firm has a market capitalization of $52.26 billion, a P/E ratio of 18.02, a PEG ratio of 6.76 and a beta of 1.05. The Williams Companies, Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $43.22. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.52.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the business posted $0.56 EPS. The company’s revenue was down 10.1% on a year-over-year basis. On average, equities analysts forecast that The Williams Companies, Inc. will post 1.85 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, June 7th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

Insider Activity

In other news, SVP Debbie L. Pickle sold 38,200 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the sale, the senior vice president now directly owns 60,410 shares in the company, valued at approximately $2,392,840.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on WMB shares. Stifel Nicolaus increased their price objective on Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. CIBC increased their price objective on Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $46.00 in a research note on Tuesday, June 4th. Finally, US Capital Advisors lowered Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.42.

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.