Fideuram Intesa Sanpaolo Private Banking S.P.A. Cuts Stake in Williams Companies, Inc. (The) $WMB

Fideuram Intesa Sanpaolo Private Banking S.P.A. lessened its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 87.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,922 shares of the pipeline company’s stock after selling 328,801 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Williams Companies were worth $3,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Towne Trust Company N.A grew its position in Williams Companies by 60.2% in the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 162 shares in the last quarter. Motiv8 Investments LLC acquired a new position in shares of Williams Companies during the fourth quarter worth $27,000. Clearstead Trust LLC lifted its position in shares of Williams Companies by 62.2% during the fourth quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 186 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Williams Companies in the fourth quarter valued at $29,000. Finally, WHI TRUST Co LLC purchased a new position in shares of Williams Companies in the fourth quarter valued at $30,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $74.16, for a total value of $148,320.00. Following the completion of the sale, the senior vice president owned 283,159 shares of the company’s stock, valued at $20,999,071.44. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Larry C. Larsen sold 12,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $76.48, for a total transaction of $917,760.00. Following the sale, the chief operating officer owned 98,219 shares in the company, valued at $7,511,789.12. This trade represents a 10.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 68,500 shares of company stock valued at $5,182,655 over the last three months. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WMB has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research note on Wednesday, June 24th. Jefferies Financial Group cut their price target on Williams Companies from $87.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday. TD Cowen raised their price objective on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley upped their target price on shares of Williams Companies from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Williams Companies presently has a consensus rating of “Buy” and a consensus price target of $82.94.

Williams Companies Price Performance

Shares of WMB opened at $73.09 on Friday. Williams Companies, Inc. has a 12 month low of $55.82 and a 12 month high of $80.07. 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 stock has a fifty day moving average price of $74.10 and a 200 day moving average price of $70.23. The company has a market cap of $89.28 billion, a P/E ratio of 32.06, a PEG ratio of 1.79 and a beta of 0.57.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, research analysts forecast that Williams Companies, Inc. will post 2.44 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, June 12th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.10 annualized dividend and a dividend yield of 2.9%. Williams Companies’s dividend payout ratio is presently 92.11%.

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.