First American Bank Purchases New Stake in Williams Companies, Inc. (The) $WMB

First American Bank acquired a new position in Williams Companies, Inc. (The) (NYSE:WMB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 31,819 shares of the pipeline company’s stock, valued at approximately $2,016,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Williams Companies by 40.9% during the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after purchasing an additional 3,969 shares during the last quarter. Baird Financial Group Inc. grew its stake in Williams Companies by 1.6% during the 1st quarter. Baird Financial Group Inc. now owns 425,836 shares of the pipeline company’s stock worth $25,448,000 after buying an additional 6,673 shares during the last quarter. Saudi Central Bank acquired a new stake in Williams Companies in the first quarter worth $29,000. Calton & Associates Inc. bought a new stake in Williams Companies in the first quarter valued at $662,000. Finally, Quarry LP boosted its holdings in shares of Williams Companies by 20.3% during the first quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock valued at $65,000 after acquiring an additional 185 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Performance

WMB opened at $59.78 on Tuesday. The business has a 50 day moving average price of $59.66 and a two-hundred day moving average price of $59.63. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.42 and a quick ratio of 0.36. The company has a market capitalization of $73.00 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62. Williams Companies, Inc. has a 1-year low of $51.58 and a 1-year high of $65.55.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Research analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 12th were given a dividend of $0.50 per share. The ex-dividend date was Friday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Williams Companies’s dividend payout ratio (DPR) is 103.09%.

Analyst Ratings Changes

WMB has been the topic of several recent research reports. UBS Group lifted 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. Mizuho upgraded shares of Williams Companies to a “strong-buy” rating in a research note on Monday, October 27th. Zacks Research cut Williams Companies from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Wall Street Zen lowered Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Finally, Jefferies Financial Group cut their target price on Williams Companies from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.21.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 4,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total value of $242,120.00. Following the transaction, the senior vice president owned 302,645 shares of the company’s stock, valued at $18,319,101.85. The trade was a 1.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.44% of the company’s stock.

About Williams Companies

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.