The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 21.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,232 shares of the pipeline company's stock after purchasing an additional 6,025 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Williams Companies were worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Quent Capital LLC bought a new stake in Williams Companies in the fourth quarter worth $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies during the fourth quarter valued at $25,000. Menard Financial Group LLC purchased a new stake in shares of Williams Companies in the fourth quarter valued at $26,000. Sandy Spring Bank bought a new stake in shares of Williams Companies in the 4th quarter worth about $27,000. Finally, Hoey Investments Inc. purchased a new position in shares of Williams Companies during the 4th quarter worth about $28,000. 86.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on WMB. Truist Financial increased their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Barclays raised their price target on Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Morgan Stanley boosted their price objective on Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. CIBC increased their target price on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. Finally, Scotiabank boosted their target price on shares of Williams Companies from $52.00 to $59.00 and gave the company a "sector perform" rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $61.25.

Williams Companies Price Performance

NYSE:WMB remained flat at $60.56 during mid-day trading on Friday. 5,273,288 shares of the company were exchanged, compared to its average volume of 6,752,884. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The Williams Companies, Inc. has a 52 week low of $40.41 and a 52 week high of $61.67. The business's 50-day simple moving average is $58.43 and its two-hundred day simple moving average is $57.34. The stock has a market capitalization of $73.84 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 5.01 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. The firm had revenue of $3.05 billion during 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 company's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS. On average, analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies's payout ratio is 106.95%.

Insider Transactions at Williams Companies

In related news, SVP Larry C. Larsen sold 8,000 shares of the business'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 transaction of $455,520.00. Following the completion of the transaction, the senior vice president now owns 81,265 shares in the company, valued at $4,627,229.10. The trade was a 8.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.44% of the company's stock.

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.