National Bank of Canada FI Boosts Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Posted by Defense World Staff on Jun 27th, 2023

National Bank of Canada FI lifted its position in shares of The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 24.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 229,819 shares of the pipeline company’s stock after purchasing an additional 44,942 shares during the period. National Bank of Canada FI’s holdings in Williams Companies were worth $6,860,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of WMB. Richard W. Paul & Associates LLC purchased a new stake in Williams Companies in the fourth quarter worth about $26,000. Motco lifted its holdings in Williams Companies by 306.2% in the fourth quarter. Motco now owns 784 shares of the pipeline company’s stock worth $26,000 after buying an additional 591 shares during the period. Bray Capital Advisors purchased a new stake in Williams Companies in the third quarter worth about $29,000. Concord Wealth Partners purchased a new stake in Williams Companies in the fourth quarter worth about $29,000. Finally, Salem Investment Counselors Inc. lifted its holdings in Williams Companies by 52.5% in the second quarter. Salem Investment Counselors Inc. now owns 915 shares of the pipeline company’s stock worth $29,000 after buying an additional 315 shares during the period. 84.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WMB has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of Williams Companies from $36.00 to $35.00 in a report on Tuesday, April 18th. Citigroup upgraded shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Tuesday, May 16th. Sanford C. Bernstein lowered shares of Williams Companies from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $37.00 to $34.00 in a report on Monday, February 27th. Barclays lowered their target price on shares of Williams Companies from $36.00 to $35.00 in a report on Tuesday, April 18th. Finally, Morgan Stanley reduced their price target on shares of Williams Companies from $41.00 to $39.00 in a research report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average target price of $35.42.

Insider Transactions at Williams Companies

In related news, SVP Scott A. Hallam sold 14,388 shares of Williams Companies stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $30.64, for a total transaction of $440,848.32. Following the transaction, the senior vice president now owns 248,554 shares in the company, valued at approximately $7,615,694.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Scott A. Hallam sold 7,194 shares of Williams Companies stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $31.00, for a total transaction of $223,014.00. Following the transaction, the senior vice president now owns 241,360 shares in the company, valued at approximately $7,482,160. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Scott A. Hallam sold 14,388 shares of Williams Companies stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $30.64, for a total transaction of $440,848.32. Following the transaction, the senior vice president now owns 248,554 shares in the company, valued at approximately $7,615,694.56. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Trading Up 1.6 %

NYSE:WMB opened at $31.08 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.59. The Williams Companies, Inc. has a 12 month low of $27.80 and a 12 month high of $35.79. The company has a market cap of $37.86 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 4.41 and a beta of 1.16. The company has a 50 day simple moving average of $29.82 and a two-hundred day simple moving average of $30.71.

Williams Companies (NYSE:WMB – Get Rating) last posted its earnings results on Wednesday, May 3rd. The pipeline company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. Williams Companies had a net margin of 22.53% and a return on equity of 17.24%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. Research analysts forecast that The Williams Companies, Inc. will post 1.98 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 26th. Stockholders of record on Monday, June 12th were paid a dividend of $0.4475 per share. This represents a $1.79 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend was Friday, June 9th. Williams Companies’s dividend payout ratio is presently 84.04%.

Williams Companies Company Profile

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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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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