Key Points
- Williams Companies SVP Glen Jasek sold 2,500 shares on May 15 at an average price of $78.15, totaling $195,375. After the sale, he still owned 54,101 shares.
- The company beat earnings expectations in its latest quarterly report, posting $0.73 EPS versus the $0.63 consensus, though revenue of $3.03 billion came in below estimates.
- Williams Companies declared a quarterly dividend of $0.525 per share, equal to $2.10 annually and a yield of about 2.7%, while analysts currently rate the stock a consensus “Buy.”
Williams Companies, Inc. (The) (NYSE:WMB - Get Free Report) SVP Glen Jasek sold 2,500 shares of the business's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $78.15, for a total value of $195,375.00. Following the completion of the transaction, the senior vice president owned 54,101 shares in the company, valued at $4,227,993.15. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Williams Companies Trading Down 0.2%
NYSE WMB opened at $77.55 on Tuesday. The stock has a market capitalization of $94.73 billion, a P/E ratio of 34.01, a P/E/G ratio of 1.32 and a beta of 0.61. Williams Companies, Inc. has a 52-week low of $55.82 and a 52-week high of $78.31. The firm has a 50-day moving average price of $73.29 and a 200 day moving average price of $66.93. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99.
Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.10. The firm had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.28 billion. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Equities research analysts expect that Williams Companies, Inc. will post 2.37 EPS for the current year.
Williams Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, June 12th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, June 12th. Williams Companies's dividend payout ratio is currently 92.11%.
Institutional Trading of Williams Companies
Several large investors have recently modified their holdings of WMB. Brighton Jones LLC grew its position in shares of Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock valued at $740,000 after purchasing an additional 3,969 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Williams Companies by 5.5% in the second quarter. Sivia Capital Partners LLC now owns 4,635 shares of the pipeline company's stock valued at $291,000 after purchasing an additional 242 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of Williams Companies by 2.1% in the second quarter. Treasurer of the State of North Carolina now owns 568,928 shares of the pipeline company's stock valued at $35,734,000 after purchasing an additional 11,926 shares during the last quarter. Main Street Financial Solutions LLC grew its position in shares of Williams Companies by 3.0% in the second quarter. Main Street Financial Solutions LLC now owns 10,248 shares of the pipeline company's stock valued at $644,000 after purchasing an additional 296 shares during the last quarter. Finally, Ieq Capital LLC grew its position in shares of Williams Companies by 160.1% in the second quarter. Ieq Capital LLC now owns 165,035 shares of the pipeline company's stock valued at $10,366,000 after purchasing an additional 101,574 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on WMB. Wall Street Zen raised shares of Williams Companies from a "sell" rating to a "hold" rating in a report on Sunday, April 5th. The Goldman Sachs Group raised shares of Williams Companies from a "neutral" rating to a "buy" rating and set a $82.00 price target for the company in a report on Monday, April 20th. Wells Fargo & Company increased their price target on shares of Williams Companies from $80.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, March 13th. TD Cowen increased their price target on shares of Williams Companies from $81.00 to $87.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Finally, Wolfe Research upgraded shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $80.47.
Read Our Latest Analysis on WMB
About Williams Companies
(
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.
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