Trust Co. of Oklahoma Raises Stock Holdings in Williams Companies, Inc. (The) $WMB

Trust Co. of Oklahoma raised its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,373 shares of the pipeline company’s stock after purchasing an additional 279 shares during the quarter. Trust Co. of Oklahoma’s holdings in Williams Companies were worth $1,719,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Flaharty Asset Management LLC purchased a new position in shares of Williams Companies during the 1st quarter valued at approximately $25,000. Menard Financial Group LLC acquired a new stake in Williams Companies in the fourth quarter valued at $26,000. HWG Holdings LP acquired a new stake in Williams Companies in the first quarter valued at $26,000. Saudi Central Bank bought a new position in Williams Companies during the 1st quarter valued at $29,000. Finally, Iron Horse Wealth Management LLC grew its holdings in Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 494 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the sale, the senior vice president owned 311,645 shares of the company’s stock, valued at $17,956,984.90. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock worth $623,115 over the last quarter. 0.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WMB. Wells Fargo & Company upped their target price on shares of Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. TD Cowen began coverage on Williams Companies in a report on Monday, July 7th. They issued a “buy” rating and a $67.00 price objective for the company. Wall Street Zen cut Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. CIBC upgraded Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price for the company in a research report on Friday, August 15th. Finally, Barclays boosted their price target on Williams Companies from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.86.

Williams Companies Stock Performance

Shares of WMB stock opened at $58.84 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The business has a 50 day moving average of $58.05 and a two-hundred day moving average of $58.42. Williams Companies, Inc. has a 52 week low of $44.51 and a 52 week high of $63.45. The company has a market cap of $71.75 billion, a P/E ratio of 29.57, a PEG ratio of 1.98 and a beta of 0.65.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results 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). The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

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

Williams Companies Company 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.