First County Bank CT Has $1.36 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

First County Bank CT reduced its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 15.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,735 shares of the pipeline company's stock after selling 4,206 shares during the quarter. First County Bank CT's holdings in Williams Companies were worth $1,359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WMB. Norges Bank bought a new position in Williams Companies during the fourth quarter worth $575,103,000. Blackstone Inc. lifted its stake in Williams Companies by 36.5% during the fourth quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company's stock worth $1,025,795,000 after purchasing an additional 5,068,738 shares during the last quarter. Marshall Wace LLP increased its position in Williams Companies by 2,303.2% in the fourth quarter. Marshall Wace LLP now owns 3,517,336 shares of the pipeline company's stock worth $190,358,000 after buying an additional 3,370,974 shares during the period. GAMMA Investing LLC increased its position in Williams Companies by 6,407.2% in the first quarter. GAMMA Investing LLC now owns 2,238,490 shares of the pipeline company's stock worth $133,772,000 after buying an additional 2,204,090 shares during the period. Finally, Castle Hook Partners LP increased its position in Williams Companies by 69.1% in the fourth quarter. Castle Hook Partners LP now owns 5,055,184 shares of the pipeline company's stock worth $273,587,000 after buying an additional 2,065,906 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Williams Companies

In related news, COO Micheal G. Dunn sold 96,687 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the completion of the transaction, the chief operating officer now owns 714,693 shares in the company, valued at $37,907,316.72. This trade represents a 11.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Larry C. Larsen sold 8,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total value of $455,520.00. Following the sale, the senior vice president now owns 81,265 shares of the company's stock, valued at $4,627,229.10. The trade was a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,583 shares of company stock worth $6,095,318 in the last quarter. 0.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WMB has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 target price on shares of Williams Companies in a research report on Friday, May 16th. Wells Fargo & Company increased 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. Truist Financial increased their target price on Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. CIBC increased their target price on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 4th. Finally, Scotiabank raised their price target on Williams Companies from $51.00 to $53.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $60.75.

Williams Companies Price Performance

NYSE:WMB traded up $0.12 during mid-day trading on Friday, reaching $60.39. 12,301,540 shares of the stock were exchanged, compared to its average volume of 6,723,608. The business has a fifty day moving average price of $58.34 and a 200 day moving average price of $57.23. The firm has a market capitalization of $73.64 billion, a PE ratio of 33.00, a PEG ratio of 5.01 and a beta of 0.66. 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 - Get Free Report) last released its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The firm had revenue of $3.05 billion for 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. Research analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. Williams Companies's dividend payout ratio (DPR) is 106.95%.

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.