NBC Securities Inc. Buys 12,992 Shares of The Williams Companies, Inc. (NYSE:WMB)

NBC Securities Inc. increased its stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 99,938.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,005 shares of the pipeline company's stock after buying an additional 12,992 shares during the period. NBC Securities Inc.'s holdings in Williams Companies were worth $777,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WMB. Quent Capital LLC bought a new position in Williams Companies in the fourth quarter worth about $25,000. Bank of Jackson Hole Trust purchased a new stake in Williams Companies in the fourth quarter worth about $25,000. Menard Financial Group LLC purchased a new stake in Williams Companies in the fourth quarter worth about $26,000. Sandy Spring Bank purchased a new stake in Williams Companies in the fourth quarter worth about $27,000. Finally, Hoey Investments Inc. purchased a new stake in Williams Companies in the fourth quarter worth about $28,000. 86.44% of the stock is owned by institutional investors.

Insider Activity at Williams Companies

In related news, COO Micheal G. Dunn sold 96,687 shares of Williams Companies stock in a transaction dated 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 transaction, the chief operating officer now owns 714,693 shares of the company's stock, valued at approximately $37,907,316.72. This trade represents a 11.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Larry C. Larsen sold 8,000 shares of Williams Companies stock in a transaction dated 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 directly owns 81,265 shares in the company, valued at approximately $4,627,229.10. This trade represents a 8.96% decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of recent analyst reports. Truist Financial increased 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. CIBC increased their price target 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. Citigroup increased their price target on shares of Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a research report on Friday, May 16th. Finally, Wells Fargo & Company raised their price objective on shares of Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $61.25.

Williams Companies Trading Up 0.6%

WMB stock traded up $0.35 during mid-day trading on Thursday, hitting $60.47. 4,844,340 shares of the company were exchanged, compared to its average volume of 6,751,100. The business has a fifty day simple moving average of $58.42 and a 200-day simple moving average of $57.32. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12-month low of $40.41 and a 12-month high of $61.67. The firm has a market capitalization of $73.74 billion, a P/E ratio of 33.05, a PEG ratio of 5.01 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The company had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. On average, equities research analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies's payout ratio 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.