Williams Companies, Inc. (The) $WMB Shares Sold by Jennison Associates LLC

Jennison Associates LLC lessened its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,442,793 shares of the pipeline company’s stock after selling 312,085 shares during the quarter. Jennison Associates LLC’s holdings in Williams Companies were worth $181,597,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Towne Trust Company N.A raised its stake in shares of Williams Companies by 60.2% during the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 162 shares during the period. Main Street Group LTD purchased a new position in shares of Williams Companies in the first quarter valued at $26,000. Motiv8 Investments LLC acquired a new stake in Williams Companies during the 4th quarter valued at $27,000. Allied Private Wealth LLC acquired a new stake in Williams Companies during the 2nd quarter valued at $28,000. Finally, Clearstead Trust LLC grew its holdings in Williams Companies by 62.2% during the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 186 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $70.65, for a total value of $141,300.00. Following the completion of the transaction, the senior vice president owned 281,159 shares of the company’s stock, valued at $19,863,883.35. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.47% of the stock is currently owned by corporate insiders.

Williams Companies Trading Up 2.7%

NYSE:WMB opened at $75.04 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. The business’s 50 day moving average is $73.27 and its two-hundred day moving average is $72.90. Williams Companies, Inc. has a 52 week low of $55.82 and a 52 week high of $80.07. The company has a market cap of $91.79 billion, a PE ratio of 29.90, a P/E/G ratio of 1.72 and a beta of 0.58.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm earned $0.46 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, analysts predict that Williams Companies, Inc. will post 2.43 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be paid a dividend of $0.525 per share. The ex-dividend date is Friday, September 11th. This represents a $2.10 annualized dividend and a yield of 2.8%. Williams Companies’s dividend payout ratio (DPR) is 83.67%.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMB. Wolfe Research upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Barclays raised their target price on Williams Companies from $73.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research report on Wednesday, June 24th. Citigroup boosted their price target on Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Morgan Stanley increased their price target on Williams Companies from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $85.33.

Williams Companies Company Profile

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.