Williams Companies, Inc. (The) $WMB Shares Bought by Intrust Bank NA

Intrust Bank NA grew its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,806 shares of the pipeline company’s stock after buying an additional 1,540 shares during the quarter. Intrust Bank NA’s holdings in Williams Companies were worth $2,877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Williams Companies by 40.9% in the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after purchasing an additional 3,969 shares in the last quarter. Bailard Inc. bought a new stake in Williams Companies in the first quarter valued at about $432,000. Private Advisor Group LLC raised its stake in Williams Companies by 4.1% during the first quarter. Private Advisor Group LLC now owns 112,830 shares of the pipeline company’s stock valued at $6,743,000 after buying an additional 4,405 shares in the last quarter. FAS Wealth Partners Inc. lifted its holdings in Williams Companies by 3.9% during the 1st quarter. FAS Wealth Partners Inc. now owns 9,468 shares of the pipeline company’s stock worth $566,000 after buying an additional 355 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in shares of Williams Companies by 34.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 72,337 shares of the pipeline company’s stock worth $4,323,000 after acquiring an additional 18,673 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the transaction, the senior vice president owned 302,645 shares in the company, valued at $18,319,101.85. This represents a 1.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.44% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays upped their price target on Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. 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. Cibc World Mkts raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. 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. Finally, The Goldman Sachs Group upped their target price on Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Moderate Buy” and an average target price of $68.21.

Williams Companies Stock Performance

WMB opened at $60.93 on Monday. 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 business’s 50 day moving average is $60.67 and its 200-day moving average is $59.45. The stock has a market cap of $74.41 billion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63. Williams Companies, Inc. has a twelve month low of $51.58 and a twelve month high of $65.55.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.87 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, December 12th. Williams Companies’s payout ratio is currently 103.09%.

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.