Intrust Bank NA Trims Stock Holdings in Williams Companies, Inc. (The) $WMB

Intrust Bank NA reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 12.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,368 shares of the pipeline company’s stock after selling 6,690 shares during the period. Intrust Bank NA’s holdings in Williams Companies were worth $3,373,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WMB. Norges Bank bought a new stake in Williams Companies during the 4th quarter worth approximately $747,749,000. BROOKFIELD Corp ON boosted its position in shares of Williams Companies by 190.3% in the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock worth $755,490,000 after purchasing an additional 7,884,730 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Williams Companies in the second quarter worth $354,184,000. Clearbridge Investments LLC increased its stake in shares of Williams Companies by 21.3% in the fourth quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company’s stock worth $1,281,875,000 after purchasing an additional 3,748,126 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Williams Companies by 295.7% during the 4th quarter. Victory Capital Management Inc. now owns 4,446,915 shares of the pipeline company’s stock valued at $268,723,000 after purchasing an additional 3,323,012 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WMB has been the subject of several recent analyst reports. Barclays upped their target price on shares of Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Jefferies Financial Group lowered their price objective on Williams Companies from $87.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Wolfe Research raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Canadian Imperial Bank of Commerce lifted their target price on Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a research note on Tuesday, May 26th. Finally, Citigroup boosted their price target on Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Williams Companies presently has an average rating of “Buy” and an average target price of $85.33.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $70.65, for a total transaction of $141,300.00. Following the completion of the transaction, the senior vice president directly owned 281,159 shares of the company’s stock, valued at approximately $19,863,883.35. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.47% of the company’s stock.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $75.04 on Friday. The company has a market cap of $91.79 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.77 and a beta of 0.58. Williams Companies, Inc. has a 52-week low of $55.82 and a 52-week high of $80.07. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.43 and a current ratio of 0.48. The firm’s fifty day moving average is $73.27 and its two-hundred day moving average is $72.90.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, analysts anticipate that Williams Companies, Inc. will post 2.43 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, September 11th. Williams Companies’s payout ratio is currently 83.67%.

Williams Companies Company 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.