Bleakley Financial Group LLC Reduces Stock Position in Williams Companies, Inc. (The) $WMB

by · The Markets Daily

Bleakley Financial Group LLC reduced its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 54.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 40,719 shares of the pipeline company’s stock after selling 49,198 shares during the period. Bleakley Financial Group LLC’s holdings in Williams Companies were worth $2,964,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Towne Trust Company N.A raised its stake in 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 purchasing an additional 162 shares during the last quarter. Motiv8 Investments LLC purchased a new position in shares of Williams Companies during the 4th quarter worth $27,000. Clearstead Trust LLC boosted its holdings in shares of Williams Companies by 62.2% during the fourth quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 186 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Williams Companies during the fourth quarter worth $29,000. Finally, First Command Advisory Services Inc. grew its position in shares of Williams Companies by 216.8% in the fourth quarter. First Command Advisory Services Inc. now owns 491 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 336 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Williams Companies from $88.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. TD Cowen raised their target price on shares of Williams Companies from $81.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Stifel Nicolaus boosted their target price on shares of Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wolfe Research raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research note on Wednesday, June 24th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $83.56.

Read Our Latest Stock Analysis on WMB

Williams Companies Stock Down 2.2%

WMB stock opened at $74.32 on Thursday. The company has a market capitalization of $90.79 billion, a P/E ratio of 32.60, a PEG ratio of 1.86 and a beta of 0.57. The firm has a 50 day simple moving average of $74.30 and a 200-day simple moving average of $71.19. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. Williams Companies, Inc. has a twelve month low of $55.82 and a twelve month high of $80.07.

Williams Companies (NYSE:WMB – Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.28 billion. During the same period in the previous year, the company earned $0.60 earnings per share. Williams Companies’s quarterly revenue was down .6% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, equities research analysts predict that Williams Companies, Inc. will post 2.44 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, June 12th. Williams Companies’s dividend payout ratio (DPR) is 92.11%.

Williams Companies News Roundup

Here are the key news stories impacting Williams Companies this week:

Insider Activity

In other news, COO Larry C. Larsen sold 12,000 shares of Williams Companies stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $76.48, for a total transaction of $917,760.00. Following the sale, the chief operating officer owned 98,219 shares of the company’s stock, valued at approximately $7,511,789.12. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $74.16, for a total value of $148,320.00. Following the transaction, the senior vice president owned 283,159 shares of the company’s stock, valued at $20,999,071.44. This trade represents a 0.70% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 68,500 shares of company stock valued at $5,182,655. 0.47% of the stock is owned by company insiders.

Williams Companies Profile

(Free Report)

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.

Featured Stories

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