Whittier Trust Co. Purchases 179 Shares of Williams Companies, Inc. (The) $WMB

Whittier Trust Co. lifted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,177 shares of the pipeline company’s stock after acquiring an additional 179 shares during the period. Whittier Trust Co.’s holdings in Williams Companies were worth $514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Chapin Davis Inc. increased its position in shares of Williams Companies by 1.6% during the second quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock valued at $688,000 after acquiring an additional 170 shares in the last quarter. TrueWealth Advisors LLC boosted its holdings in Williams Companies by 0.7% in the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after purchasing an additional 182 shares during the last quarter. Chesley Taft & Associates LLC boosted its holdings in Williams Companies by 1.8% in the second quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock worth $642,000 after purchasing an additional 184 shares during the last quarter. Quarry LP boosted its holdings in Williams Companies by 20.3% in the first quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock worth $65,000 after purchasing an additional 185 shares during the last quarter. Finally, Quantum Financial Advisors LLC boosted its holdings in Williams Companies by 5.1% in the second quarter. Quantum Financial Advisors LLC now owns 3,933 shares of the pipeline company’s stock worth $247,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Down 5.3%

Shares of Williams Companies stock opened at $58.88 on Friday. The company’s fifty day simple moving average is $60.26 and its 200-day simple moving average is $59.29. The stock has a market capitalization of $71.80 billion, a PE ratio of 29.59, a P/E/G ratio of 2.07 and a beta of 0.65. Williams Companies, Inc. has a 1-year low of $51.46 and a 1-year high of $65.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Williams Companies’s payout ratio is 100.50%.

Insiders Place Their Bets

In related news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the transaction, the senior vice president owned 311,645 shares in the company, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,500 shares of company stock worth $497,715. 0.44% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on WMB. Zacks Research cut shares of Williams Companies from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. UBS Group raised their target price on shares of Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. TD Cowen began coverage on shares of Williams Companies in a report on Monday, July 7th. They issued a “buy” rating and a $67.00 target price on the stock. Barclays raised their target price on shares of Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Finally, Wells Fargo & Company raised their target price on shares of Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.73.

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.