Key Points
- COO Larry Larsen sold 12,000 shares of Williams Companies on May 14 at an average price of $76.48, for proceeds of about $917,760. After the sale, he still held 98,219 shares, and the transaction reduced his position by 10.89%.
- The stock was trading near its 52-week high, opening at $77.77 and reaching close to the high of $78.24, while Williams also carried a market cap of about $95 billion.
- Williams reported solid quarterly results and a dividend boost, with EPS beating estimates, a 5% dividend increase, and a quarterly payout of $0.525 per share, though revenue came in below expectations.
Williams Companies, Inc. (The) (NYSE:WMB - Get Free Report) COO Larry Larsen sold 12,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $76.48, for a total transaction of $917,760.00. Following the sale, the chief operating officer owned 98,219 shares in the company, valued at approximately $7,511,789.12. The trade was a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Williams Companies Trading Up 0.1%
NYSE:WMB opened at $77.77 on Friday. The company's 50 day moving average price is $73.23 and its 200-day moving average price is $66.73. Williams Companies, Inc. has a 52 week low of $55.82 and a 52 week high of $78.24. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99. The stock has a market cap of $95.00 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 1.32 and a beta of 0.61.
Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.10. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.28 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, equities research analysts forecast that Williams Companies, Inc. will post 2.37 earnings per share for the current fiscal year.
Williams Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, June 12th. Williams Companies's dividend payout ratio (DPR) is presently 92.11%.
Hedge Funds Weigh In On Williams Companies
Institutional investors have recently made changes to their positions in the business. Towne Trust Company N.A lifted its stake in shares of Williams Companies by 60.2% in the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company's stock worth $26,000 after purchasing an additional 162 shares during the period. Main Street Group LTD bought a new position in shares of Williams Companies in the 1st quarter worth approximately $26,000. Motiv8 Investments LLC bought a new position in shares of Williams Companies in the 4th quarter worth approximately $27,000. Clearstead Trust LLC lifted its stake in shares of Williams Companies by 62.2% in the 4th 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 period. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Williams Companies in the 4th quarter worth approximately $29,000. Institutional investors own 86.44% of the company's stock.
Key Williams Companies News
Here are the key news stories impacting Williams Companies this week:
Analyst Upgrades and Downgrades
WMB has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Williams Companies from $82.00 to $83.00 and gave the company an "outperform" rating in a report on Thursday, May 7th. Stifel Nicolaus raised their price target on shares of Williams Companies from $78.00 to $83.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Morgan Stanley raised their price target on shares of Williams Companies from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, March 2nd. Jefferies Financial Group raised their price target on shares of Williams Companies from $81.00 to $83.00 and gave the company a "buy" rating in a report on Friday, April 10th. Finally, Wolfe Research raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $80.47.
Check Out Our Latest Stock Report on WMB
Williams Companies Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
