Parr Mcknight Wealth Management Group LLC Sells 9,523 Shares of Williams Companies, Inc. (The) $WMB

Parr Mcknight Wealth Management Group LLC reduced its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 24.5% in the first quarter, Holdings Channel reports. The firm owned 29,315 shares of the pipeline company’s stock after selling 9,523 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Williams Companies were worth $2,134,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WMB. Vanguard Group Inc. grew its holdings in shares of Williams Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 133,963,343 shares of the pipeline company’s stock valued at $8,052,537,000 after buying an additional 883,245 shares during the last quarter. State Street Corp raised its holdings in Williams Companies by 1.9% in the 4th quarter. State Street Corp now owns 67,981,106 shares of the pipeline company’s stock worth $4,086,344,000 after acquiring an additional 1,296,991 shares during the last quarter. Bank of America Corp DE lifted its position in Williams Companies by 4.8% in the 4th quarter. Bank of America Corp DE now owns 46,053,873 shares of the pipeline company’s stock valued at $2,768,298,000 after acquiring an additional 2,100,164 shares in the last quarter. Morgan Stanley lifted its position in Williams Companies by 11.0% in the 4th quarter. Morgan Stanley now owns 33,572,067 shares of the pipeline company’s stock valued at $2,018,017,000 after acquiring an additional 3,314,851 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Williams Companies by 21.3% during the 4th quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company’s stock valued at $1,281,875,000 after purchasing an additional 3,748,126 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Trading Down 0.0%

Williams Companies stock opened at $75.02 on Monday. The business has a 50-day simple moving average of $74.34 and a two-hundred day simple moving average of $70.87. The company has a market cap of $91.64 billion, a P/E ratio of 32.90, a P/E/G ratio of 1.84 and a beta of 0.57. Williams Companies, Inc. has a 52-week low of $55.82 and a 52-week high of $80.07. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.10. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Analysts predict that Williams Companies, Inc. will post 2.44 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, June 12th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 12th. Williams Companies’s dividend payout ratio is currently 92.11%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Jefferies Financial Group decreased their price target on Williams Companies from $87.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Canadian Imperial Bank of Commerce increased their price objective on Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a research report on Tuesday, May 26th. Morgan Stanley lifted their price objective on Williams Companies from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. UBS Group boosted their target price on Williams Companies from $89.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Wolfe Research raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Williams Companies presently has a consensus rating of “Buy” and an average target price of $83.50.

Insider Buying and Selling at Williams Companies

In other news, CFO John Dean Porter sold 50,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total transaction of $3,768,500.00. Following the completion of the sale, the chief financial officer owned 196,567 shares of the company’s stock, valued at $14,815,254.79. The trade was a 20.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Larry C. Larsen sold 12,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $76.48, for a total value of $917,760.00. Following the completion of the sale, the chief operating officer owned 98,219 shares of the company’s stock, valued at $7,511,789.12. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,500 shares of company stock valued at $5,182,655 over the last three months. Insiders own 0.47% of the company’s stock.

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.