Equitable Trust Co. Sells 3,048 Shares of Williams Companies, Inc. (The) $WMB

Equitable Trust Co. trimmed its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 30.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,980 shares of the pipeline company’s stock after selling 3,048 shares during the period. Equitable Trust Co.’s holdings in Williams Companies were worth $438,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Flaharty Asset Management LLC acquired a new stake in shares of Williams Companies during the 1st quarter worth about $25,000. HWG Holdings LP acquired a new stake in shares of Williams Companies during the 1st quarter worth about $26,000. Saudi Central Bank acquired a new stake in shares of Williams Companies during the 1st quarter worth about $29,000. Iron Horse Wealth Management LLC increased its position in shares of 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 purchasing an additional 494 shares in the last quarter. Finally, Abound Financial LLC acquired a new stake in shares of Williams Companies during the 1st quarter worth about $32,000. 86.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Wells Fargo & Company raised their price objective on shares of Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. BMO Capital Markets began coverage on shares of Williams Companies in a research report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price objective for the company. UBS Group raised their price objective on shares of Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Finally, Jefferies Financial Group assumed coverage on shares of Williams Companies in a research report on Thursday, October 9th. They issued a “buy” rating and a $72.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Williams Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the transaction, the senior vice president 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 filing with the SEC, which is available through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,500 shares of company stock worth $497,715. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 2.3%

Williams Companies stock opened at $63.77 on Thursday. The company’s 50 day simple moving average is $59.77 and its 200 day simple moving average is $59.15. Williams Companies, Inc. has a fifty-two week low of $50.80 and a fifty-two week high of $65.55. The firm has a market capitalization of $77.76 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 2.08 and a beta of 0.65. 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 (NYSE:WMB) last released its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue 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. As a group, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. Williams Companies’s payout ratio is presently 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.