PNC Financial Services Group Inc. Has $11.53 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

PNC Financial Services Group Inc. raised its stake in The Williams Companies, Inc. (NYSE:WMBFree Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 331,141 shares of the pipeline company’s stock after purchasing an additional 7,668 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Williams Companies were worth $11,534,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WMB. Turtle Creek Wealth Advisors LLC acquired a new position in Williams Companies during the fourth quarter worth $26,000. CGC Financial Services LLC bought a new stake in Williams Companies in the 4th quarter valued at $35,000. CVA Family Office LLC acquired a new stake in Williams Companies during the 4th quarter valued at $52,000. Salem Investment Counselors Inc. boosted its position in Williams Companies by 121.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,658 shares of the pipeline company’s stock worth $58,000 after purchasing an additional 908 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Williams Companies during the 4th quarter worth about $58,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Activity

In related news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the sale, the senior vice president now directly owns 60,410 shares of the company’s stock, valued at approximately $2,392,840.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 2.5 %

Shares of Williams Companies stock opened at $40.72 on Thursday. The firm has a market cap of $49.63 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 6.68 and a beta of 1.05. The stock’s 50-day moving average is $38.93 and its 200 day moving average is $36.49. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.52 and a quick ratio of 0.48. The Williams Companies, Inc. has a one year low of $28.27 and a one year high of $41.89.

Williams Companies (NYSE:WMBGet Free Report) last posted its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. Equities research analysts anticipate that The Williams Companies, Inc. will post 1.82 EPS for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.67%. The ex-dividend date is Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WMB. Barclays raised their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. CIBC increased their price objective on Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Truist Financial upped their price target on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. UBS Group raised their target price on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Wells Fargo & Company lifted their price objective on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.73.

View Our Latest Report on WMB

Williams Companies Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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