Intrust Bank NA Decreases Stock Holdings in Williams Companies, Inc. (The) $WMB

Intrust Bank NA lowered its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 12.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 45,368 shares of the pipeline company’s stock after selling 6,690 shares during the quarter. Intrust Bank NA’s holdings in Williams Companies were worth $3,373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Main Street Group LTD purchased a new stake in shares of Williams Companies during the 1st quarter valued at about $26,000. Motiv8 Investments LLC purchased a new position in Williams Companies in the fourth quarter worth about $27,000. Allied Private Wealth LLC purchased a new position in Williams Companies in the second quarter worth about $28,000. Bayforest Capital Ltd bought a new stake in Williams Companies during the second quarter worth approximately $28,000. Finally, Clearstead Trust LLC increased its stake in Williams Companies by 62.2% during the fourth quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 186 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMB has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. TD Cowen boosted their target price on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a report on Wednesday, June 24th. The Goldman Sachs Group restated a “buy” rating and issued a $82.00 price target on shares of Williams Companies in a research report on Tuesday, July 14th. 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. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $85.33.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $70.65, for a total value of $141,300.00. Following the sale, the senior vice president owned 281,159 shares in the company, valued at $19,863,883.35. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

Williams Companies Stock Up 2.7%

Shares of NYSE WMB opened at $75.04 on Friday. Williams Companies, Inc. has a 1 year low of $55.82 and a 1 year high of $80.07. The firm has a 50-day simple moving average of $73.27 and a two-hundred day simple moving average of $72.90. The company has a market cap of $91.79 billion, a P/E ratio of 29.90, a PEG ratio of 1.77 and a beta of 0.58. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Research analysts anticipate that Williams Companies, Inc. will post 2.43 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies’s dividend payout ratio is 83.67%.

Williams Companies Company 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.