AMG National Trust Bank Reduces Stock Position in Williams Companies, Inc. (The) $WMB

AMG National Trust Bank cut its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 34.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,269 shares of the pipeline company’s stock after selling 8,959 shares during the quarter. AMG National Trust Bank’s holdings in Williams Companies were worth $1,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Flaharty Asset Management LLC purchased a new stake in Williams Companies during the 1st quarter worth approximately $25,000. Private Wealth Management Group LLC increased its holdings in Williams Companies by 104.8% during the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 240 shares during the last quarter. Saudi Central Bank purchased a new stake in Williams Companies during the 1st quarter worth approximately $29,000. Iron Horse Wealth Management LLC increased 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 acquiring an additional 494 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new stake in shares of Williams Companies in the 1st quarter valued at approximately $32,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Price Performance

Shares of WMB opened at $57.97 on Friday. The company has a market cap of $70.69 billion, a P/E ratio of 29.13, a PEG ratio of 1.91 and a beta of 0.65. The stock has a fifty day moving average price of $60.31 and a 200 day moving average price of $59.40. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. Williams Companies, Inc. has a 12 month low of $51.48 and a 12 month high of $65.55.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.Williams Companies’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, research analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, December 12th. Williams Companies’s dividend payout ratio is presently 100.50%.

Insiders Place Their Bets

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction 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 transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the transaction, the senior vice president owned 311,645 shares of the company’s stock, valued at $17,956,984.90. This trade represents a 0.64% decrease in their position. The SEC filing for this sale provides additional information. 0.44% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WMB. Jefferies Financial Group began coverage on Williams Companies in a report on Thursday, October 9th. They issued a “buy” rating and a $72.00 price target for the company. Scotiabank boosted their price target on Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. Zacks Research downgraded Williams Companies from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Morgan Stanley boosted their price target on Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Finally, Wall Street Zen downgraded Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.73.

Williams Companies Company Profile

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.