MidFirst Bank Makes New Investment in Williams Companies, Inc. (The) $WMB

MidFirst Bank bought a new position in Williams Companies, Inc. (The) (NYSE:WMB) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 115,845 shares of the pipeline company’s stock, valued at approximately $6,963,000.

Other hedge funds have also recently made changes to their positions in the company. Towne Trust Company N.A increased its stake in Williams Companies by 60.2% during the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 162 shares during the last quarter. Motiv8 Investments LLC bought a new stake in shares of Williams Companies in the 4th quarter valued at approximately $27,000. Clearstead Trust LLC lifted its stake in shares of Williams Companies by 62.2% in the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 186 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Williams Companies in the 4th quarter worth approximately $29,000. Finally, WHI TRUST Co LLC bought a new position in shares of Williams Companies during the 4th quarter valued at approximately $30,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Price Performance

Shares of WMB stock opened at $73.16 on Friday. Williams Companies, Inc. has a 52-week low of $55.82 and a 52-week high of $80.07. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83. The firm has a market capitalization of $89.37 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.74 and a beta of 0.58. The stock has a 50 day moving average price of $73.37 and a 200 day moving average price of $69.25.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, May 4th. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.Williams Companies’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. As a group, sell-side analysts predict that Williams Companies, Inc. will post 2.44 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, June 12th. Williams Companies’s payout ratio is currently 92.11%.

Analysts Set New Price Targets

WMB has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research report on Friday, March 27th. TD Cowen boosted their price objective on shares of Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wells Fargo & Company increased their target price on shares of Williams Companies from $80.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. UBS Group raised their target price on shares of Williams Companies from $89.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Wolfe Research raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $82.40.

Insider Activity at Williams Companies

In related news, COO Larry C. Larsen sold 12,000 shares of Williams Companies stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $76.48, for a total transaction of $917,760.00. Following the completion of the sale, the chief operating officer owned 98,219 shares in the company, valued at $7,511,789.12. This trade represents a 10.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Glen G. Jasek sold 2,500 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $78.15, for a total transaction of $195,375.00. Following the completion of the transaction, the senior vice president owned 54,101 shares in the company, valued at $4,227,993.15. This represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 68,500 shares of company stock valued at $5,177,835. Company insiders own 0.47% of the company’s stock.

Williams Companies Profile

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.