Cullen Frost Bankers Inc. Purchases 1,328 Shares of Williams Companies, Inc. (The) $WMB

Cullen Frost Bankers Inc. raised its position in Williams Companies, Inc. (The) (NYSE:WMB) by 17.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,928 shares of the pipeline company’s stock after buying an additional 1,328 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Williams Companies were worth $561,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Chapin Davis Inc. raised its stake in shares of Williams Companies by 1.6% in the second quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock valued at $688,000 after buying an additional 170 shares during the period. Wallace Advisory Group LLC raised its stake in shares of Williams Companies by 2.6% in the second quarter. Wallace Advisory Group LLC now owns 7,031 shares of the pipeline company’s stock valued at $420,000 after buying an additional 176 shares during the period. Whittier Trust Co. grew its position in shares of Williams Companies by 2.2% in the second quarter. Whittier Trust Co. now owns 8,177 shares of the pipeline company’s stock valued at $514,000 after purchasing an additional 179 shares in the last quarter. TrueWealth Advisors LLC grew its position in shares of Williams Companies by 0.7% in the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock valued at $1,559,000 after purchasing an additional 182 shares in the last quarter. Finally, Chesley Taft & Associates LLC grew its position in shares of Williams Companies by 1.8% in the second quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock valued at $642,000 after purchasing an additional 184 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Insider Transactions at Williams Companies

In other news, COO Larry C. Larsen sold 4,500 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the completion of the transaction, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the completion of the transaction, the senior vice president owned 311,645 shares of the company’s stock, valued at $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock valued at $497,715 over the last quarter. Company insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Williams Companies stock opened at $57.50 on Friday. Williams Companies, Inc. has a 52 week low of $51.46 and a 52 week high of $65.55. The business has a 50-day simple moving average of $60.26 and a 200 day simple moving average of $59.32. 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 market cap of $70.12 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 1.97 and a beta of 0.65.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Williams Companies’s quarterly revenue was up 19.0% compared to the same quarter last year. 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 fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, September 12th. Williams Companies’s dividend payout ratio is presently 100.50%.

Analyst Ratings Changes

WMB has been the subject of several recent research reports. CIBC upgraded Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target for the company in a research report on Friday, August 15th. Cibc World Mkts upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Wall Street Zen cut Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Williams Companies in a research report on Tuesday, October 14th. Finally, UBS Group lifted their price target on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Williams Companies has a consensus rating of “Moderate Buy” and a consensus price target of $66.73.

About Williams Companies

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.