Connecticut Capital Management Group LLC Makes New $419,000 Investment in Williams Companies, Inc. (The) $WMB

Connecticut Capital Management Group LLC acquired a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the 4th quarter, Holdings Channel.com reports. The fund acquired 6,972 shares of the pipeline company’s stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Great Diamond Partners LLC grew its position in Williams Companies by 0.4% during the 4th quarter. Great Diamond Partners LLC now owns 34,870 shares of the pipeline company’s stock worth $2,096,000 after purchasing an additional 150 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Williams Companies by 0.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 24,611 shares of the pipeline company’s stock worth $1,479,000 after purchasing an additional 158 shares during the last quarter. Towne Trust Company N.A grew its position in Williams Companies by 60.2% during the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 162 shares during the last quarter. Courier Capital LLC grew its position in Williams Companies by 0.3% during the 4th quarter. Courier Capital LLC now owns 47,466 shares of the pipeline company’s stock worth $2,853,000 after purchasing an additional 162 shares during the last quarter. Finally, Sierra Summit Advisors LLC grew its position in Williams Companies by 0.5% during the 4th quarter. Sierra Summit Advisors LLC now owns 33,871 shares of the pipeline company’s stock worth $2,036,000 after purchasing an additional 175 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of WMB stock opened at $74.30 on Thursday. Williams Companies, Inc. has a one year low of $55.82 and a one year high of $80.07. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83. The company has a 50 day moving average price of $73.80 and a 200 day moving average price of $67.91. The firm has a market capitalization of $90.76 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 1.27 and a beta of 0.61.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.63 by $0.10. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. Williams Companies’s revenue for the quarter was down .6% compared to the same quarter last year. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Sell-side analysts anticipate that Williams Companies, Inc. will post 2.43 EPS for the current year.

Williams Companies Dividend Announcement

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

Insider Activity at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were 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 in the company, valued at $7,511,789.12. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Payvand Fazel sold 2,898 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $73.15, for a total transaction of $211,988.70. Following the sale, the senior vice president owned 31,766 shares of the company’s stock, valued at approximately $2,323,682.90. This represents a 8.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 80,762 shares of company stock valued at $6,088,112 over the last quarter. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on WMB shares. Wolfe Research raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Zacks Research upgraded shares of Williams Companies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. TD Cowen raised their price target on Williams Companies from $81.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Truist Financial started coverage on Williams Companies in a research note on Tuesday, March 24th. They issued a “buy” rating and a $84.00 price target on the stock. Finally, Scotiabank raised their price target on Williams Companies from $85.00 to $86.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, May 12th. Four analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies has a consensus rating of “Buy” and a consensus target price of $82.40.

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.