State Street Corp Trims Stock Position in Williams Companies, Inc. (The) $WMB

State Street Corp lessened its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 1.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 72,015,506 shares of the pipeline company’s stock after selling 972,902 shares during the period. State Street Corp owned approximately 0.06% of Williams Companies worth $5,353,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in WMB. U S Wealth Group LLC. purchased a new position in shares of Williams Companies during the 2nd quarter worth $264,000. Junto Capital Management LP purchased a new position in Williams Companies during the second quarter valued at $79,196,000. Tidal Investments LLC lifted its position in Williams Companies by 82.6% during the second quarter. Tidal Investments LLC now owns 422,885 shares of the pipeline company’s stock valued at $31,437,000 after purchasing an additional 191,305 shares in the last quarter. MCF Advisors LLC raised its stake in shares of Williams Companies by 6.8% in the second quarter. MCF Advisors LLC now owns 9,460 shares of the pipeline company’s stock worth $703,000 after buying an additional 599 shares during the period. Finally, National Pension Service increased its holdings in Williams Companies by 2.8% in the 2nd quarter. National Pension Service now owns 3,306,019 shares of the pipeline company’s stock worth $245,769,000 after acquiring an additional 89,010 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Price Performance

WMB traded down $0.11 during trading hours on Tuesday, hitting $71.54. The company’s stock had a trading volume of 1,630,040 shares, compared to its average volume of 7,074,109. The stock has a market cap of $87.51 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 1.51 and a beta of 0.59. The business’s 50-day moving average price is $72.99 and its 200-day moving average price is $73.43. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83. Williams Companies, Inc. has a 12 month low of $56.19 and a 12 month high of $80.07.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations 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 period last year, the company posted $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Sell-side analysts expect that Williams Companies, Inc. will post 2.43 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be issued a $0.525 dividend. The ex-dividend date is Friday, September 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. Williams Companies’s payout ratio is 83.67%.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Wilson sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction of $973,310.00. Following the transaction, the senior vice president owned 268,159 shares of the company’s stock, valued at approximately $20,077,064.33. The trade was a 4.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 19,000 shares of company stock worth $1,414,050. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WMB shares. Capital One Financial assumed coverage on Williams Companies in a report on Tuesday. They set an “overweight” rating and a $92.00 price target on the stock. Barclays increased their target price on Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Scotiabank lowered their price target on Williams Companies from $86.00 to $85.00 and set a “sector outperform” rating on the stock in a report on Thursday, September 10th. Canadian Imperial Bank of Commerce upped their price target on Williams Companies from $83.00 to $85.00 and gave the stock an “outperformer” rating in a research note on Tuesday, May 26th. Finally, Stifel Nicolaus initiated coverage on shares of Williams Companies in a research report on Thursday, September 10th. They set a “buy” rating and a $85.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $85.94.

Williams Companies Profile

Williams Companies, Inc is an energy infrastructure company focused primarily on gathering, processing, transporting and storing natural gas and natural gas liquids. The company provides the infrastructure and related services that connect natural gas supplies with utilities, power generators, industrial customers, liquefied natural gas facilities and other markets.

Williams operates a large network of interstate and regional natural gas pipelines, gathering systems, processing facilities and storage assets across the United States.