Fifth Third Bancorp raised its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 117.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 700,126 shares of the pipeline company’s stock after buying an additional 377,485 shares during the period. Fifth Third Bancorp’s holdings in Williams Companies were worth $50,955,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in WMB. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Williams Companies during the fourth quarter valued at approximately $4,627,000. Gabelli Funds LLC lifted its position in shares of Williams Companies by 7.4% in the 4th quarter. Gabelli Funds LLC now owns 261,000 shares of the pipeline company’s stock valued at $15,689,000 after acquiring an additional 17,900 shares in the last quarter. SIR Capital Management L.P. boosted its stake in Williams Companies by 40.0% in the 4th quarter. SIR Capital Management L.P. now owns 525,232 shares of the pipeline company’s stock worth $31,572,000 after purchasing an additional 150,032 shares during the period. Nordea Investment Management AB boosted its stake in Williams Companies by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 2,105,570 shares of the pipeline company’s stock worth $125,839,000 after purchasing an additional 365,546 shares during the period. Finally, Stephens Inc. AR grew its position in Williams Companies by 8.9% during the 4th quarter. Stephens Inc. AR now owns 164,900 shares of the pipeline company’s stock worth $9,912,000 after purchasing an additional 13,438 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Canadian Imperial Bank of Commerce boosted their target price on shares of Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. raised their target price on Williams Companies from $88.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Citigroup lifted their price target on Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a report on Friday, May 8th. Scotiabank upped their price target on Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a research report on Tuesday, May 12th. Finally, Truist Financial initiated coverage on Williams Companies in a research note on Tuesday, March 24th. They issued a “buy” rating and a $84.00 price objective for the company. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Williams Companies has a consensus rating of “Buy” and an average target price of $83.50.
Insider Transactions at Williams Companies
In other Williams Companies news, CFO John Dean Porter sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $75.37, for a total value of $3,768,500.00. Following the transaction, the chief financial officer owned 196,567 shares in the company, valued at $14,815,254.79. The trade was a 20.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Glen G. Jasek sold 2,500 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was 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 directly owned 54,101 shares in the company, valued at approximately $4,227,993.15. The trade was a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 68,500 shares of company stock valued at $5,182,655 in the last three months. 0.47% of the stock is currently owned by insiders.
Williams Companies Stock Performance
Shares of WMB opened at $75.02 on Monday. The company has a market capitalization of $91.64 billion, a PE ratio of 32.90, a PEG ratio of 1.84 and a beta of 0.57. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83. The company’s 50 day moving average price is $74.34 and its 200 day moving average price is $70.87. Williams Companies, Inc. has a 52 week low of $55.82 and a 52 week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. The company had revenue of $3.03 billion during 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 quarter 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 expect that Williams Companies, Inc. will post 2.44 EPS for the current fiscal year.
Williams Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, June 12th. Williams Companies’s dividend payout ratio (DPR) is currently 92.11%.
Williams Companies Profile
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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