The Williams Companies, Inc. (NYSE:WMB) Stock Position Lifted by Keybank National Association OH

Posted by Defense World Staff on Aug 22nd, 2023

Keybank National Association OH boosted its stake in shares of The Williams Companies, Inc. (NYSE:WMB – Free Report) by 5.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,499 shares of the pipeline company’s stock after purchasing an additional 820 shares during the period. Keybank National Association OH’s holdings in Williams Companies were worth $493,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Motco grew its stake in Williams Companies by 306.2% in the fourth quarter. Motco now owns 784 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 591 shares in the last quarter. Richard W. Paul & Associates LLC bought a new stake in Williams Companies during the 4th quarter valued at approximately $26,000. Aspire Private Capital LLC bought a new stake in Williams Companies during the 1st quarter valued at approximately $25,029,697,000. Salem Investment Counselors Inc. boosted its stake in Williams Companies by 52.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 915 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 315 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in Williams Companies by 1,178.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 946 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 872 shares during the period. Hedge funds and other institutional investors own 84.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup raised shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, May 16th. StockNews.com initiated coverage on shares of Williams Companies in a research report on Thursday, August 17th. They set a “hold” rating on the stock. TD Securities dropped their price objective on Williams Companies from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $39.00 target price on shares of Williams Companies in a report on Tuesday, July 18th. Finally, Mizuho lifted their price target on shares of Williams Companies from $39.00 to $40.00 in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.42.

Read Our Latest Stock Analysis on WMB

Insiders Place Their Bets

In other news, SVP Scott A. Hallam sold 7,193 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $33.00, for a total value of $237,369.00. Following the transaction, the senior vice president now owns 226,973 shares of the company’s stock, valued at approximately $7,490,109. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Scott A. Hallam sold 7,193 shares of Williams Companies stock in a transaction on Friday, July 7th. The shares were sold at an average price of $33.00, for a total transaction of $237,369.00. Following the transaction, the senior vice president now directly owns 226,973 shares of the company’s stock, valued at $7,490,109. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Scott A. Hallam sold 7,194 shares of the stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $32.00, for a total value of $230,208.00. Following the completion of the sale, the senior vice president now owns 234,166 shares of the company’s stock, valued at $7,493,312. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,969 shares of company stock valued at $1,131,439. Company insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

WMB opened at $34.83 on Tuesday. The stock has a market capitalization of $42.37 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 5.10 and a beta of 1.18. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.49 and a quick ratio of 0.44. The company’s 50 day simple moving average is $33.15 and its 200-day simple moving average is $31.09. The Williams Companies, Inc. has a one year low of $27.80 and a one year high of $35.79.

Williams Companies (NYSE:WMB – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Williams Companies had a return on equity of 17.35% and a net margin of 23.07%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.95 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 25th. Shareholders of record on Monday, September 11th will be paid a $0.4475 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $1.79 dividend on an annualized basis and a yield of 5.14%. Williams Companies’s payout ratio is presently 82.11%.

Williams Companies Profile

(Free Report)

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.