Williams Companies, Inc. (The) $WMB Shares Acquired by Gibbs Wealth Management

Gibbs Wealth Management boosted its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 67.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,302 shares of the pipeline company’s stock after acquiring an additional 11,790 shares during the period. Gibbs Wealth Management’s holdings in Williams Companies were worth $2,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Towne Trust Company N.A boosted its stake in Williams Companies by 60.2% during the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after buying an additional 162 shares during the period. Main Street Group LTD purchased a new stake in shares of Williams Companies in the 1st quarter valued at approximately $26,000. Motiv8 Investments LLC acquired a new position in shares of Williams Companies in the 4th quarter worth approximately $27,000. Clearstead Trust LLC lifted its holdings in shares of Williams Companies by 62.2% in the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 186 shares during the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Williams Companies during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the subject of several research reports. Barclays lifted their target price on shares of Williams Companies from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Wall Street Zen upgraded Williams Companies from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Canadian Imperial Bank of Commerce lifted their price objective on Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a research note on Tuesday, May 26th. Jefferies Financial Group decreased their target price 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, Stifel Nicolaus raised their target price on Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $83.56.

Williams Companies Stock Up 1.0%

Williams Companies stock opened at $75.25 on Friday. Williams Companies, Inc. has a 1-year low of $55.82 and a 1-year high of $80.07. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.76. The stock has a market cap of $91.92 billion, a PE ratio of 33.00, a P/E/G ratio of 1.75 and a beta of 0.57. The stock’s fifty day moving average is $74.27 and its two-hundred day moving average is $71.79.

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

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were given 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 payout ratio is 92.11%.

Insider Activity at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 12,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $76.48, for a total transaction of $917,760.00. Following the transaction, the chief operating officer owned 98,219 shares of the company’s stock, valued at approximately $7,511,789.12. This trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Dean Porter sold 50,000 shares of Williams Companies stock in a transaction dated 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 trade represents a 20.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 68,500 shares of company stock worth $5,182,655. Insiders own 0.47% of the company’s stock.

About Williams Companies

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.