Envestnet Portfolio Solutions Inc. Cuts Position in Williams Companies, Inc. (The) $WMB

Envestnet Portfolio Solutions Inc. reduced its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 13.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 63,692 shares of the pipeline company’s stock after selling 9,860 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Williams Companies were worth $3,829,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Towne Trust Company N.A increased its stake in Williams Companies by 60.2% during the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after buying an additional 162 shares in the last quarter. WHI TRUST Co LLC purchased a new stake in Williams Companies during the 4th quarter worth approximately $30,000. Entrust Financial LLC purchased a new stake in Williams Companies during the 4th quarter worth approximately $31,000. Financial Life Planners purchased a new stake in Williams Companies during the 3rd quarter worth approximately $36,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in Williams Companies during the 3rd quarter worth approximately $46,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Williams Companies

In related news, CFO John Dean Porter sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $75.37, for a total value of $3,768,500.00. Following the transaction, the chief financial officer directly owned 196,567 shares in the company, valued at approximately $14,815,254.79. This represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mary A. Hausman sold 10,107 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $74.91, for a total value of $757,115.37. Following the completion of the sale, the chief accounting officer directly owned 17,230 shares in the company, valued at approximately $1,290,699.30. The trade was a 36.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 117,869 shares of company stock valued at $8,814,067 in the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

Williams Companies Trading Down 0.4%

WMB opened at $77.54 on Friday. Williams Companies, Inc. has a one year low of $55.82 and a one year high of $80.07. The stock has a market capitalization of $94.72 billion, a PE ratio of 34.01, a P/E/G ratio of 1.29 and a beta of 0.61. The business’s 50 day moving average price is $73.56 and its 200 day moving average price is $67.37. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, May 4th. The pipeline company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’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. As a group, equities research analysts expect that Williams Companies, Inc. will post 2.43 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, June 12th will be issued a $0.525 dividend. The ex-dividend date is Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a yield of 2.7%. Williams Companies’s dividend payout ratio is currently 92.11%.

Wall Street Analyst Weigh In

Several research firms have commented on WMB. Wolfe Research upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Stifel Nicolaus boosted their price objective on Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Truist Financial began coverage on Williams Companies in a research note on Tuesday, March 24th. They set a “buy” rating and a $84.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a research note on Friday, March 27th. Finally, Jefferies Financial Group boosted their price objective on Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Williams Companies has a consensus rating of “Buy” and a consensus price target of $81.00.

Williams Companies Profile

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.