Williams Companies, Inc. (The) $WMB Shares Bought by Keybank National Association OH

Keybank National Association OH grew its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,716 shares of the pipeline company’s stock after acquiring an additional 2,050 shares during the quarter. Keybank National Association OH’s holdings in Williams Companies were worth $2,055,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Flaharty Asset Management LLC acquired a new position in shares of Williams Companies during the first quarter valued at $25,000. Saudi Central Bank acquired a new stake in Williams Companies in the first quarter worth about $29,000. Private Wealth Management Group LLC lifted its holdings in Williams Companies by 104.8% in the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 240 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in Williams Companies by 4,490.9% in the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 494 shares during the period. Finally, Abound Financial LLC acquired a new stake in Williams Companies in the first quarter worth about $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $57.97 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The company’s 50-day moving average price is $60.31 and its two-hundred day moving average price is $59.40. Williams Companies, Inc. has a 52 week low of $51.48 and a 52 week high of $65.55. The stock has a market cap of $70.69 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 1.91 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 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.Williams Companies’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, December 12th. Williams Companies’s payout ratio is presently 100.50%.

Analysts Set New Price Targets

WMB has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. BMO Capital Markets initiated coverage on shares of 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 upped their price objective 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. Zacks Research downgraded shares of Williams Companies from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Finally, CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target on the stock in a research report on Friday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.73.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president owned 311,645 shares in the company, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. 0.44% of the stock is currently owned by insiders.

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.