Gibbs Wealth Management grew its stake in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 67.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,302 shares of the pipeline company’s stock after purchasing an additional 11,790 shares during the period. Gibbs Wealth Management’s holdings in Williams Companies were worth $2,133,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Williams Companies in the 4th quarter worth approximately $4,627,000. Gabelli Funds LLC increased its holdings in 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 purchasing an additional 17,900 shares during the last quarter. SIR Capital Management L.P. raised its position in Williams Companies by 40.0% in the fourth quarter. SIR Capital Management L.P. now owns 525,232 shares of the pipeline company’s stock valued at $31,572,000 after purchasing an additional 150,032 shares during the period. Stephens Inc. AR lifted its stake in Williams Companies by 8.9% during the fourth 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. Finally, Global Retirement Partners LLC lifted its stake in Williams Companies by 56.3% during the fourth quarter. Global Retirement Partners LLC now owns 57,550 shares of the pipeline company’s stock worth $3,459,000 after purchasing an additional 20,740 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Citigroup raised their target price on Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. upped their target price on shares of Williams Companies from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Wolfe Research raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $82.00 price objective on shares of Williams Companies in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group lowered their target price on Williams Companies from $87.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $83.56.
Williams Companies Stock Up 1.0%
Williams Companies stock opened at $75.25 on Friday. Williams Companies, Inc. has a 1-year low of $55.82 and a 1-year high of $80.07. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.76. The stock has a market cap of $91.92 billion, a PE ratio of 33.00, a P/E/G ratio of 1.75 and a beta of 0.57. The stock’s fifty day moving average is $74.27 and its two-hundred day moving average is $71.79.
Williams Companies (NYSE:WMB – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.10. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the firm posted $0.60 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, sell-side analysts expect that Williams Companies, Inc. will post 2.44 EPS for the current fiscal year.
Williams Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, June 12th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. Williams Companies’s dividend payout ratio (DPR) is presently 92.11%.
Insider Activity at Williams Companies
In related news, SVP Glen G. Jasek sold 2,500 shares of Williams Companies stock in a transaction on Friday, May 15th. The shares were sold at an average price of $78.15, for a total transaction of $195,375.00. Following the sale, the senior vice president directly owned 54,101 shares in the company, valued at $4,227,993.15. This trade represents a 4.42% decrease in their position. The sale was disclosed in a legal 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 on Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total transaction of $3,768,500.00. Following the completion of the transaction, the chief financial officer owned 196,567 shares of the company’s stock, valued at $14,815,254.79. This represents a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,500 shares of company stock worth $5,182,655 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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