Midwest Trust Co Cuts Holdings in Williams Companies, Inc. (The) $WMB

Midwest Trust Co lowered its position in Williams Companies, Inc. (The) (NYSE:WMB) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 921,399 shares of the pipeline company’s stock after selling 32,966 shares during the quarter. Midwest Trust Co’s holdings in Williams Companies were worth $67,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Williams Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 133,963,343 shares of the pipeline company’s stock worth $8,052,537,000 after purchasing an additional 883,245 shares during the period. State Street Corp increased its position in Williams Companies by 1.9% during the 4th quarter. State Street Corp now owns 67,981,106 shares of the pipeline company’s stock worth $4,086,344,000 after purchasing an additional 1,296,991 shares in the last quarter. Wellington Management Group LLP increased its position in Williams Companies by 15.9% during the 3rd quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock worth $3,077,942,000 after purchasing an additional 6,668,950 shares in the last quarter. Bank of America Corp DE raised its holdings in Williams Companies by 4.8% in the fourth quarter. Bank of America Corp DE now owns 46,053,873 shares of the pipeline company’s stock valued at $2,768,298,000 after buying an additional 2,100,164 shares during the period. Finally, Morgan Stanley raised its holdings in Williams Companies by 11.0% in the fourth quarter. Morgan Stanley now owns 33,572,067 shares of the pipeline company’s stock valued at $2,018,017,000 after buying an additional 3,314,851 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the subject of several research reports. Canadian Imperial Bank of Commerce boosted their price objective on shares of Williams Companies from $83.00 to $85.00 and gave the stock an “outperformer” rating in a research note on Tuesday, May 26th. Wolfe Research upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. TD Cowen raised their price objective on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. UBS Group raised their price objective on Williams Companies from $89.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada boosted their price objective on Williams Companies from $82.00 to $83.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Williams Companies has an average rating of “Buy” and a consensus target price of $83.50.

Williams Companies Stock Down 0.6%

Shares of WMB stock traded down $0.43 on Friday, hitting $75.02. The stock had a trading volume of 4,016,695 shares, compared to its average volume of 7,439,942. The stock’s 50 day moving average is $74.34 and its 200-day moving average is $70.79. The firm has a market capitalization of $91.64 billion, a price-to-earnings ratio of 32.90, a P/E/G ratio of 1.84 and a beta of 0.57. Williams Companies, Inc. has a 52-week low of $55.82 and a 52-week high of $80.07. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, May 4th. The pipeline company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.28 billion. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. As a group, research analysts expect that Williams Companies, Inc. will post 2.44 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. Williams Companies’s dividend payout ratio is currently 92.11%.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $74.16, for a total transaction of $148,320.00. Following the completion of the sale, the senior vice president owned 283,159 shares in the company, valued at $20,999,071.44. This trade represents a 0.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Dean Porter sold 50,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $75.37, for a total value of $3,768,500.00. Following the sale, the chief financial officer owned 196,567 shares in the company, valued at $14,815,254.79. This represents a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 68,500 shares of company stock worth $5,182,655. Company insiders own 0.47% of the company’s stock.

Williams Companies Company Profile

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.