Glen Jasek Sells 2,500 Shares of Williams Companies (NYSE:WMB) Stock

Williams Companies, Inc. (The) (NYSE:WMB) SVP Glen Jasek sold 2,500 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $78.15, for a total transaction of $195,375.00. Following the sale, the senior vice president directly owned 54,101 shares of the company’s stock, valued at approximately $4,227,993.15. This represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $79.32 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99. Williams Companies, Inc. has a fifty-two week low of $55.82 and a fifty-two week high of $79.59. The firm has a 50-day simple moving average of $73.39 and a 200 day simple moving average of $67.09. The company has a market cap of $96.89 billion, a PE ratio of 34.79, a P/E/G ratio of 1.32 and a beta of 0.61.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, sell-side analysts anticipate that Williams Companies, Inc. will post 2.37 EPS for the current year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders 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 yield of 2.6%. The ex-dividend date of this dividend is Friday, June 12th. Williams Companies’s payout ratio is presently 92.11%.

Institutional Trading of Williams Companies

Institutional investors have recently made changes to their positions in the stock. Towne Trust Company N.A raised its holdings in shares of Williams Companies by 60.2% in the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 162 shares in the last quarter. Main Street Group LTD bought a new stake in shares of Williams Companies in the 1st quarter worth approximately $26,000. Motiv8 Investments LLC bought a new stake in shares of Williams Companies in the 4th quarter worth approximately $27,000. Clearstead Trust LLC raised its holdings 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 worth $29,000 after purchasing an additional 186 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Williams Companies in the 4th quarter worth approximately $29,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on WMB shares. Morgan Stanley boosted their target price on shares of Williams Companies from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Jefferies Financial Group boosted their target price on shares of Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Wolfe Research raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Stifel Nicolaus boosted their target price on shares of Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, TD Cowen boosted their target price on shares of Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Four analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Williams Companies currently has an average rating of “Buy” and an average target price of $80.47.

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.