Aventail Capital Group LP reduced its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 78.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,684 shares of the pipeline company’s stock after selling 258,287 shares during the quarter. Aventail Capital Group LP’s holdings in Williams Companies were worth $4,189,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in WMB. Mill Creek Capital Advisors LLC increased its stake in shares of Williams Companies by 2.4% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,000 shares of the pipeline company’s stock worth $361,000 after purchasing an additional 141 shares in the last quarter. UMB Bank n.a. grew its stake in Williams Companies by 1.0% during the fourth quarter. UMB Bank n.a. now owns 15,309 shares of the pipeline company’s stock valued at $920,000 after acquiring an additional 148 shares in the last quarter. Parallel Advisors LLC grew its stake in Williams Companies by 1.2% in the 4th quarter. Parallel Advisors LLC now owns 12,646 shares of the pipeline company’s stock worth $760,000 after buying an additional 149 shares in the last quarter. Great Diamond Partners LLC grew its stake in Williams Companies by 0.4% in the 4th quarter. Great Diamond Partners LLC now owns 34,870 shares of the pipeline company’s stock worth $2,096,000 after buying an additional 150 shares in the last quarter. Finally, Betterment LLC grew its stake in Williams Companies by 3.3% in the 4th quarter. Betterment LLC now owns 4,766 shares of the pipeline company’s stock worth $286,000 after buying an additional 154 shares in the last quarter. 86.44% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on WMB shares. Truist Financial initiated coverage on shares of Williams Companies in a report on Tuesday, March 24th. They issued a “buy” rating and a $84.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a research report on Friday, March 27th. The Goldman Sachs Group raised shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Monday, April 20th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $82.40.
Williams Companies Stock Down 0.3%
Shares of Williams Companies stock opened at $71.26 on Thursday. The company’s fifty day simple moving average is $73.38 and its two-hundred day simple moving average is $69.16. The company has a market cap of $87.05 billion, a P/E ratio of 31.26, a PEG ratio of 1.74 and a beta of 0.58. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. Williams Companies, Inc. has a 12-month low of $55.82 and a 12-month high of $80.07.
Williams Companies (NYSE:WMB – Get Free Report) last released its earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.28 billion. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Research analysts anticipate that Williams Companies, Inc. will post 2.44 EPS for the current year.
Williams Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be given a $0.525 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. Williams Companies’s dividend payout ratio is currently 92.11%.
Insider Buying and Selling at Williams Companies
In other news, COO Larry C. Larsen sold 12,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $76.48, for a total value of $917,760.00. Following the sale, the chief operating officer directly owned 98,219 shares of the company’s stock, valued at $7,511,789.12. This represents a 10.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Dean Porter sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $75.37, for a total transaction of $3,768,500.00. Following the completion of the sale, the chief financial officer directly owned 196,567 shares in the company, valued at $14,815,254.79. This represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 68,500 shares of company stock valued at $5,177,835 over the last 90 days. 0.47% of the stock is owned by corporate 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.
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