Keybank National Association OH Has $2.06 Million Stake in Williams Companies, Inc. (The) $WMB

Keybank National Association OH grew its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 6.7% during the second quarter, Holdings Channel.com reports. The firm owned 32,716 shares of the pipeline company’s stock after buying an additional 2,050 shares during the period. Keybank National Association OH’s holdings in Williams Companies were worth $2,055,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Flaharty Asset Management LLC acquired a new position in shares of Williams Companies in the 1st quarter valued at about $25,000. Saudi Central Bank acquired a new position in shares of Williams Companies in the 1st quarter valued at about $29,000. Private Wealth Management Group LLC increased 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 purchasing an additional 240 shares during the period. 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 purchasing an additional 494 shares during the period. Finally, Abound Financial LLC acquired a new position in shares of Williams Companies in the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Buying and Selling

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the company’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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred 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 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 position. The SEC filing for this sale provides additional information. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Up 0.6%

Shares of Williams Companies stock opened at $57.97 on Friday. The stock has a market capitalization of $70.69 billion, a P/E ratio of 29.13, a PEG ratio of 1.91 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The stock has a 50 day moving average price of $60.31 and a two-hundred day moving average price of $59.40. Williams Companies, Inc. has a 12-month low of $51.48 and a 12-month high of $65.55.

Williams Companies (NYSE:WMB) last announced its 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). 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%.The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays boosted their price target on Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Wall Street Zen cut Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Morgan Stanley boosted their price target on Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Jefferies Financial Group assumed coverage on Williams Companies in a research note on Thursday, October 9th. They issued a “buy” rating and a $72.00 price target for the company. Finally, Argus reissued a “buy” rating and issued a $66.00 price target on shares of Williams Companies in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.73.

Williams Companies 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.