Glenview Trust co Sells 204 Shares of Williams Companies, Inc. (The) $WMB

Glenview Trust co lessened its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 1.8% in the 1st quarter, Holdings Channel reports. The firm owned 11,084 shares of the pipeline company’s stock after selling 204 shares during the period. Glenview Trust co’s holdings in Williams Companies were worth $662,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WMB. Brighton Jones LLC boosted its holdings in shares of Williams Companies by 40.9% during the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after purchasing an additional 3,969 shares during the last quarter. Gotham Asset Management LLC grew its holdings in shares of Williams Companies by 11.0% in the fourth quarter. Gotham Asset Management LLC now owns 7,460 shares of the pipeline company’s stock valued at $404,000 after purchasing an additional 740 shares in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in shares of Williams Companies by 23.8% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 52,426 shares of the pipeline company’s stock valued at $2,837,000 after purchasing an additional 10,085 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Williams Companies by 42.3% in the fourth quarter. Nuveen Asset Management LLC now owns 6,458,270 shares of the pipeline company’s stock valued at $349,522,000 after purchasing an additional 1,920,189 shares in the last quarter. Finally, NorthRock Partners LLC purchased a new position in shares of Williams Companies in the fourth quarter valued at $510,000. Institutional investors own 86.44% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the completion of the sale, the senior vice president directly owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the sale, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,500 shares of company stock valued at $623,115 over the last three months. Insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WMB shares. TD Cowen started coverage on shares of Williams Companies in a report on Monday, July 7th. They issued a “buy” rating and a $67.00 target price for the company. Barclays raised their target price on shares of Williams Companies from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. Wells Fargo & Company raised their target price on shares of Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Scotiabank raised their target price on shares of Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. Finally, Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $62.86.

Williams Companies Stock Performance

Williams Companies stock opened at $59.31 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. Williams Companies, Inc. has a 1-year low of $44.49 and a 1-year high of $63.45. The firm has a market capitalization of $72.32 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 1.96 and a beta of 0.65. The company’s 50-day moving average is $58.04 and its 200 day moving average is $58.39.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies’s payout ratio is currently 100.50%.

Williams Companies Profile

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 natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.