Equitable Trust Co. Has $438,000 Stake in Williams Companies, Inc. (The) $WMB

Equitable Trust Co. trimmed its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 30.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,980 shares of the pipeline company’s stock after selling 3,048 shares during the period. Equitable Trust Co.’s holdings in Williams Companies were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new position in Williams Companies during the first quarter worth $25,000. HWG Holdings LP acquired a new position in shares of Williams Companies in the first quarter valued at $26,000. Saudi Central Bank acquired a new position in shares of Williams Companies in the first quarter valued at $29,000. Iron Horse Wealth Management LLC increased its holdings in shares of Williams Companies by 4,490.9% in the first 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 last quarter. Finally, Hughes Financial Services LLC acquired a new position in shares of Williams Companies in the first quarter valued at $32,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction 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 approximately $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were 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 of the company’s stock, valued at $4,537,973.64. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,500 shares of company stock valued at $497,715. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 2.3%

Shares of NYSE WMB opened at $63.77 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The company has a market cap of $77.76 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 2.08 and a beta of 0.65. Williams Companies, Inc. has a 12 month low of $50.80 and a 12 month high of $65.55. The stock has a 50-day moving average price of $59.77 and a two-hundred day moving average price of $59.15.

Williams Companies (NYSE:WMB) last issued 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). The business had revenue of $2.78 billion for the quarter, compared to analyst estimates 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 was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.1%. Williams Companies’s payout ratio is presently 100.50%.

Analysts Set New Price Targets

Several equities analysts have commented on WMB shares. TD Cowen started coverage on shares of Williams Companies in a report on Monday, July 7th. They issued a “buy” rating and a $67.00 price objective on the stock. Scotiabank upped their price objective on shares of Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. Jefferies Financial Group assumed coverage on shares of Williams Companies in a research report on Thursday, October 9th. They issued a “buy” rating and a $72.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Finally, BMO Capital Markets assumed coverage on shares of Williams Companies in a research report on Friday, September 19th. They issued an “outperform” rating and a $66.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.00.

Williams Companies Company 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.