Glenview Trust Co Takes $659,000 Position in Williams Companies, Inc. (The) $WMB

Glenview Trust Co bought a new position in Williams Companies, Inc. (The) (NYSE:WMB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,870 shares of the pipeline company’s stock, valued at approximately $659,000.

A number of other institutional investors have also recently modified their holdings of WMB. Main Street Group LTD bought a new position in Williams Companies in the 1st quarter valued at approximately $26,000. Motiv8 Investments LLC purchased a new stake in Williams Companies during the 4th quarter valued at $27,000. Allied Private Wealth LLC bought a new stake in shares of Williams Companies in the 2nd quarter worth $28,000. Bayforest Capital Ltd bought a new stake in shares of Williams Companies in the 2nd quarter worth $28,000. Finally, Clearstead Trust LLC raised its stake in shares of Williams Companies by 62.2% in the fourth quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 186 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Scotiabank boosted their price objective on shares of Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. boosted their target price on shares of Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Stifel Nicolaus increased their price target on Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. TD Cowen raised their price target on Williams Companies from $81.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Williams Companies from $83.00 to $85.00 and gave the stock an “outperformer” rating in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Williams Companies currently has a consensus rating of “Buy” and a consensus target price of $85.60.

Williams Companies Stock Down 0.6%

WMB opened at $73.75 on Friday. The firm has a 50-day simple moving average of $73.46 and a two-hundred day simple moving average of $73.33. Williams Companies, Inc. has a 52 week low of $56.08 and a 52 week high of $80.07. The company has a market capitalization of $90.21 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.54 and a beta of 0.58. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Williams Companies’s revenue was up 9.8% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Analysts forecast that Williams Companies, Inc. will post 2.45 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies’s dividend payout ratio is 83.67%.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 13,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $74.87, for a total value of $973,310.00. Following the transaction, the senior vice president directly owned 268,159 shares in the company, valued at approximately $20,077,064.33. This represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 17,000 shares of company stock valued at $1,262,930. Corporate insiders own 0.47% of the company’s stock.

Williams Companies 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.