Hsbc Holdings PLC Purchases 65,755 Shares of Williams Companies, Inc. (The) $WMB

Hsbc Holdings PLC boosted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 2.9% during the first quarter, Holdings Channel reports. The institutional investor owned 2,338,966 shares of the pipeline company’s stock after acquiring an additional 65,755 shares during the quarter. Hsbc Holdings PLC’s holdings in Williams Companies were worth $170,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Towne Trust Company N.A raised its stake in shares of Williams Companies by 60.2% in the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock valued at $26,000 after buying an additional 162 shares in the last quarter. Motiv8 Investments LLC acquired a new stake in shares of Williams Companies during the 4th quarter valued at about $27,000. Clearstead Trust LLC boosted its position in shares of Williams Companies by 62.2% during the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 186 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in Williams Companies in the fourth quarter valued at about $29,000. Finally, WHI TRUST Co LLC bought a new stake in Williams Companies in the fourth quarter valued at about $30,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 1.9%

Shares of WMB opened at $73.34 on Friday. The company has a market capitalization of $89.60 billion, a P/E ratio of 32.17, a PEG ratio of 1.80 and a beta of 0.57. Williams Companies, Inc. has a one year low of $55.82 and a one year high of $80.07. The business’s 50 day simple moving average is $74.37 and its 200-day simple moving average is $71.32. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.76.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the firm posted $0.60 EPS. The business’s revenue was down .6% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. As a group, sell-side analysts predict that Williams Companies, Inc. will post 2.43 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, June 12th were paid a $0.525 dividend. The ex-dividend date was Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. Williams Companies’s dividend payout ratio (DPR) is 92.11%.

Analyst Upgrades and Downgrades

WMB has been the subject of a number of analyst reports. Stifel Nicolaus raised their price target on shares of Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a research note on Wednesday, June 24th. Wall Street Zen upgraded Williams Companies from a “sell” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group decreased their price target on Williams Companies from $87.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, Truist Financial assumed coverage on Williams Companies in a research report on Tuesday, March 24th. They issued a “buy” rating and a $84.00 price target on the stock. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $83.56.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $74.16, for a total value of $148,320.00. Following the completion of the transaction, the senior vice president directly owned 283,159 shares of the company’s stock, valued at $20,999,071.44. The trade was a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Glen G. Jasek sold 2,500 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $78.15, for a total transaction of $195,375.00. Following the transaction, the senior vice president owned 54,101 shares in the company, valued at approximately $4,227,993.15. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 68,500 shares of company stock valued at $5,182,655. 0.47% of the stock is owned by corporate insiders.

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.