Williams Companies, Inc. (The) $WMB Stock Position Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 3.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 315,472 shares of the pipeline company’s stock after purchasing an additional 11,912 shares during the period. PNC Financial Services Group Inc.’s holdings in Williams Companies were worth $22,960,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WMB. Oslo Pensjonsforsikring AS acquired a new position in Williams Companies during the 1st quarter valued at about $38,000. HORAN Wealth LLC lifted its stake in shares of Williams Companies by 100.9% in the 1st quarter. HORAN Wealth LLC now owns 194,418 shares of the pipeline company’s stock worth $13,978,000 after acquiring an additional 97,625 shares during the period. DJE Kapital AG acquired a new stake in shares of Williams Companies in the 1st quarter worth approximately $3,965,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Williams Companies in the first quarter valued at approximately $215,000. Finally, Johnson Financial Group Inc. boosted its holdings in shares of Williams Companies by 105.8% in the first quarter. Johnson Financial Group Inc. now owns 3,563 shares of the pipeline company’s stock valued at $259,000 after acquiring an additional 1,832 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Down 1.7%

NYSE WMB opened at $73.96 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.76. The company’s 50 day simple moving average is $74.19 and its 200 day simple moving average is $71.81. Williams Companies, Inc. has a 12 month low of $55.82 and a 12 month high of $80.07. The company has a market capitalization of $90.34 billion, a P/E ratio of 32.44, a PEG ratio of 1.77 and a beta of 0.57.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, May 4th. The pipeline company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.63 by $0.10. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.60 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Equities research analysts expect that Williams Companies, Inc. will post 2.44 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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

Insider Buying and Selling

In other news, 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 transaction of $917,760.00. Following the completion of the sale, the chief operating officer directly owned 98,219 shares of the company’s stock, valued at $7,511,789.12. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Glen G. Jasek sold 2,500 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $78.15, for a total value of $195,375.00. Following the completion of the transaction, the senior vice president owned 54,101 shares of the company’s stock, valued at $4,227,993.15. This trade represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 68,500 shares of company stock valued at $5,182,655. 0.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WMB. The Goldman Sachs Group reissued a “buy” rating and set a $82.00 target price on shares of Williams Companies in a report on Tuesday, July 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lifted their price target on Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. 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. Finally, Royal Bank Of Canada upped their price objective on Williams Companies from $82.00 to $83.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $83.56.

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.