Stock Yards Bank & Trust Co. Sells 4,356 Shares of Williams Companies, Inc. (The) $WMB

Stock Yards Bank & Trust Co. decreased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 8.7% in the 2nd quarter, Holdings Channel reports. The fund owned 45,477 shares of the pipeline company’s stock after selling 4,356 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Williams Companies were worth $2,856,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Williams Companies by 12.8% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 30,762 shares of the pipeline company’s stock worth $1,932,000 after acquiring an additional 3,491 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Williams Companies during the second quarter worth $815,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Williams Companies by 14.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 168,096 shares of the pipeline company’s stock worth $10,558,000 after acquiring an additional 20,859 shares in the last quarter. Jmac Enterprises LLC bought a new stake in shares of Williams Companies during the second quarter worth $248,000. Finally, Consolidated Planning Corp increased its position in shares of Williams Companies by 1.6% during the second quarter. Consolidated Planning Corp now owns 114,320 shares of the pipeline company’s stock worth $7,180,000 after acquiring an additional 1,749 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,500 shares of company stock worth $497,715. 0.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WMB. Barclays increased their target price on shares of Williams Companies from $59.00 to $65.00 and gave the stock an “equal weight” rating in a report on Tuesday. Royal Bank Of Canada restated an “outperform” rating and set a $63.00 target price on shares of Williams Companies in a report on Tuesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a report on Saturday, September 27th. Argus restated a “buy” rating and set a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. Finally, Morgan Stanley increased their target price on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.53.

Williams Companies Stock Performance

Shares of WMB stock opened at $64.54 on Friday. The stock has a market cap of $78.70 billion, a P/E ratio of 32.43, a P/E/G ratio of 2.14 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. The company has a fifty day moving average price of $59.14 and a two-hundred day moving average price of $58.97. Williams Companies, Inc. has a one year low of $48.41 and a one year high of $65.55.

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

Williams Companies Dividend Announcement

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

Williams Companies 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.