CNB Bank Reduces Holdings in Williams Companies, Inc. (The) $WMB

CNB Bank reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,667 shares of the pipeline company’s stock after selling 2,158 shares during the period. CNB Bank’s holdings in Williams Companies were worth $1,110,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new position in Williams Companies during the 1st quarter worth $25,000. Private Wealth Management Group LLC boosted its holdings in shares of Williams Companies by 104.8% in the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after buying an additional 240 shares during the period. Saudi Central Bank acquired a new position in shares of Williams Companies in the 1st quarter valued at about $29,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Williams Companies by 4,490.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock valued at $30,000 after buying an additional 494 shares during the period. Finally, Hughes Financial Services LLC acquired a new position in Williams Companies during the 1st quarter valued at about $32,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on WMB. Scotiabank boosted their price target on shares of Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 15th. BMO Capital Markets started coverage on shares of Williams Companies in a report on Friday, September 19th. They issued an “outperform” rating and a $66.00 target price on the stock. Barclays boosted their target price on shares of Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Williams Companies in a report on Tuesday, October 14th. Finally, Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Moderate Buy” and an average target price of $66.73.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the completion of the sale, the senior vice president directly owned 311,645 shares of the company’s stock, valued at $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the completion of the sale, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock worth $497,715 over the last ninety days. 0.44% of the stock is currently owned by insiders.

Williams Companies Stock Down 2.4%

WMB stock opened at $57.50 on Friday. Williams Companies, Inc. has a 52-week low of $51.46 and a 52-week high of $65.55. The company’s 50 day simple moving average is $60.26 and its 200-day simple moving average is $59.32. 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 firm has a market capitalization of $70.12 billion, a P/E ratio of 28.90, a P/E/G ratio of 1.97 and a beta of 0.65.

Williams Companies (NYSE:WMB) last released its quarterly 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). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The firm’s revenue was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities research analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. Williams Companies’s payout ratio is presently 100.50%.

About Williams Companies

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.