Private Trust Co. NA Has $978,000 Stock Position in Williams Companies, Inc. (The) $WMB

Private Trust Co. NA lifted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 19.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,574 shares of the pipeline company’s stock after buying an additional 2,588 shares during the period. Private Trust Co. NA’s holdings in Williams Companies were worth $978,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Williams Companies by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 131,163,184 shares of the pipeline company’s stock worth $7,838,312,000 after purchasing an additional 807,019 shares in the last quarter. Wellington Management Group LLP increased its holdings in Williams Companies by 6.0% in the 1st quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company’s stock worth $1,770,336,000 after purchasing an additional 1,680,477 shares in the last quarter. Deutsche Bank AG increased its holdings in Williams Companies by 5.6% in the 1st quarter. Deutsche Bank AG now owns 17,520,491 shares of the pipeline company’s stock worth $1,047,025,000 after purchasing an additional 932,998 shares in the last quarter. Northern Trust Corp increased its holdings in Williams Companies by 0.4% in the 1st quarter. Northern Trust Corp now owns 15,291,842 shares of the pipeline company’s stock worth $913,840,000 after purchasing an additional 54,902 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Williams Companies by 45.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock worth $677,623,000 after purchasing an additional 3,519,370 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Activity

In related 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 transaction of $263,115.00. Following the sale, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the transaction, the senior vice president directly owned 311,645 shares in the company, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,500 shares of company stock worth $497,715. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Down 0.2%

Shares of Williams Companies stock opened at $62.39 on Friday. Williams Companies, Inc. has a one year low of $51.34 and a one year high of $65.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The stock’s 50-day moving average is $59.95 and its 200 day moving average is $59.16. The firm has a market cap of $76.08 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.08 and a beta of 0.65.

Williams Companies (NYSE:WMB) last announced 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 net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were given a dividend of $0.50 per share. The ex-dividend date was Friday, September 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Williams Companies’s dividend payout ratio is presently 100.50%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WMB shares. Jefferies Financial Group started coverage on Williams Companies in a report on Thursday, October 9th. They issued a “buy” rating and a $72.00 target price for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a report on Tuesday, July 15th. UBS Group upped 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. BMO Capital Markets started coverage on Williams Companies in a research report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Williams Companies in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.73.

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.