Kennebec Savings Bank Sells 951 Shares of Williams Companies, Inc. (The) $WMB

Kennebec Savings Bank reduced its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,043 shares of the pipeline company’s stock after selling 951 shares during the period. Williams Companies accounts for approximately 1.1% of Kennebec Savings Bank’s holdings, making the stock its 26th largest holding. Kennebec Savings Bank’s holdings in Williams Companies were worth $1,133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Williams Companies by 1.2% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company’s stock worth $34,489,000 after purchasing an additional 6,816 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Williams Companies by 362.5% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company’s stock worth $87,608,000 after purchasing an additional 1,149,045 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Williams Companies by 27.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company’s stock worth $24,081,000 after purchasing an additional 87,031 shares during the last quarter. Kessler Investment Group LLC acquired a new stake in Williams Companies during the 1st quarter worth $327,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in Williams Companies by 14.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 85,839 shares of the pipeline company’s stock worth $5,130,000 after buying an additional 10,561 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Performance

WMB opened at $63.68 on Thursday. The business’s 50-day moving average price is $58.90 and its two-hundred day moving average price is $58.89. Williams Companies, Inc. has a 1 year low of $46.53 and a 1 year high of $64.48. The company has a market capitalization of $77.65 billion, a price-to-earnings ratio of 32.00, a P/E/G ratio of 2.11 and a beta of 0.65. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business earned $0.43 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. Williams Companies’s dividend payout ratio (DPR) is currently 100.50%.

Analyst Upgrades and Downgrades

Several analysts recently commented on WMB shares. Barclays raised their price objective on Williams Companies from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $63.00 price objective on shares of Williams Companies in a research note on Tuesday, July 15th. Wells Fargo & Company raised their price objective on Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. UBS Group raised their price objective on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, TD Cowen started coverage on Williams Companies in a research note on Monday, July 7th. They set a “buy” rating and a $67.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Insider Activity

In related news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the sale, the chief operating officer owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the completion of the sale, the senior vice president directly owned 311,645 shares in the company, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock worth $497,715 in the last three months. Company insiders own 0.44% of the company’s stock.

Williams Companies Company Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.