Williams Companies, Inc. (The) $WMB Shares Sold by Midwest Trust Co

Midwest Trust Co cut its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 1.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 911,109 shares of the pipeline company’s stock after selling 10,290 shares during the quarter. Midwest Trust Co’s holdings in Williams Companies were worth $67,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Main Street Group LTD purchased a new stake in Williams Companies during the 1st quarter valued at about $26,000. Motiv8 Investments LLC acquired a new position in shares of Williams Companies in the fourth quarter valued at about $27,000. Allied Private Wealth LLC purchased a new position in shares of Williams Companies in the second quarter worth about $28,000. Clearstead Trust LLC raised its stake in shares of Williams Companies by 62.2% in 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 during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Williams Companies during the fourth quarter worth about $29,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WMB has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a research report on Wednesday, June 24th. Wall Street Zen cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. upped their price objective on shares of Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Scotiabank raised their target price on shares of Williams Companies from $85.00 to $86.00 and gave the stock a “sector outperform” rating in a report on Tuesday, May 12th. Finally, Truist Financial boosted their target price on shares of Williams Companies from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Williams Companies currently has a consensus rating of “Buy” and an average target price of $85.33.

Williams Companies Price Performance

Shares of NYSE WMB opened at $75.04 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. The stock has a market capitalization of $91.79 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.77 and a beta of 0.58. The firm’s 50 day simple moving average is $73.27 and its 200-day simple moving average is $72.90. Williams Companies, Inc. has a 12 month low of $55.82 and a 12 month high of $80.07.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The firm 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Analysts expect 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. Shareholders of record on Friday, September 11th will be given 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 2.8%. Williams Companies’s dividend payout ratio is 83.67%.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $70.65, for a total transaction of $141,300.00. Following the sale, the senior vice president directly owned 281,159 shares of the company’s stock, valued at $19,863,883.35. This represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is currently owned by insiders.

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.