Bank of Jackson Hole Trust Grows Position in Williams Companies, Inc. (The) $WMB

Bank of Jackson Hole Trust increased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 42.5% during the second quarter, Holdings Channel reports. The institutional investor owned 671 shares of the pipeline company’s stock after buying an additional 200 shares during the quarter. Bank of Jackson Hole Trust’s holdings in Williams Companies were worth $42,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Chapin Davis Inc. increased its stake in Williams Companies by 1.6% in the second quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock valued at $688,000 after purchasing an additional 170 shares during the last quarter. Wallace Advisory Group LLC increased its stake in Williams Companies by 2.6% in the second quarter. Wallace Advisory Group LLC now owns 7,031 shares of the pipeline company’s stock valued at $420,000 after purchasing an additional 176 shares during the last quarter. Whittier Trust Co. increased its stake in Williams Companies by 2.2% in the second quarter. Whittier Trust Co. now owns 8,177 shares of the pipeline company’s stock valued at $514,000 after purchasing an additional 179 shares during the last quarter. TrueWealth Advisors LLC increased its stake in Williams Companies by 0.7% in the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock valued at $1,559,000 after purchasing an additional 182 shares during the last quarter. Finally, Chesley Taft & Associates LLC increased its stake 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 valued at $642,000 after purchasing an additional 184 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WMB shares. Wells Fargo & Company increased their price target on shares of Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. BMO Capital Markets began coverage on Williams Companies in a report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price objective for the company. UBS Group increased their price objective on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Argus reissued a “buy” rating and issued a $66.00 price objective on shares of Williams Companies in a report on Thursday, August 14th. Finally, TD Cowen began coverage on Williams Companies in a report on Monday, July 7th. They issued a “buy” rating and a $67.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.73.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the completion of the sale, the senior vice president owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the completion of the transaction, the chief operating officer owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 8,500 shares of company stock valued at $497,715. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $56.92 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The stock has a fifty day moving average price of $60.30 and a 200 day moving average price of $59.40. Williams Companies, Inc. has a 1-year low of $51.48 and a 1-year high of $65.55. The company has a market cap of $69.40 billion, a PE ratio of 28.60, a P/E/G ratio of 1.93 and a beta of 0.65.

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). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business earned $0.43 earnings per share. Williams Companies’s revenue for the quarter was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Williams Companies’s dividend payout ratio (DPR) is currently 100.50%.

Williams Companies 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.