Parr Mcknight Wealth Management Group LLC Sells 9,523 Shares of Williams Companies, Inc. (The) $WMB

Parr Mcknight Wealth Management Group LLC reduced its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 24.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,315 shares of the pipeline company’s stock after selling 9,523 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Williams Companies were worth $2,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMB. Towne Trust Company N.A grew its holdings in shares of Williams Companies by 60.2% in the fourth 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 during the last quarter. Motiv8 Investments LLC bought a new stake in Williams Companies during the 4th quarter valued at $27,000. Clearstead Trust LLC boosted its position in Williams Companies by 62.2% during the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock valued at $29,000 after buying an additional 186 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in Williams Companies during the 4th quarter valued at $29,000. Finally, First Command Advisory Services Inc. grew its holdings in Williams Companies by 216.8% in the 4th quarter. First Command Advisory Services Inc. now owns 491 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 336 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Glen G. Jasek sold 2,500 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $78.15, for a total value of $195,375.00. Following the sale, the senior vice president owned 54,101 shares in the company, valued at approximately $4,227,993.15. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Larry C. Larsen sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $76.48, for a total transaction of $917,760.00. Following the transaction, the chief operating officer directly owned 98,219 shares of the company’s stock, valued at $7,511,789.12. This represents a 10.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 68,500 shares of company stock valued at $5,182,655 over the last 90 days. 0.47% of the stock is owned by corporate insiders.

Williams Companies Stock Performance

Shares of WMB opened at $75.02 on Monday. The company has a 50-day simple moving average of $74.34 and a two-hundred day simple moving average of $70.87. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.76. The firm has a market capitalization of $91.64 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 1.84 and a beta of 0.57. Williams Companies, Inc. has a one year low of $55.82 and a one year high of $80.07.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.10. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.28 billion. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 EPS. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, analysts anticipate that Williams Companies, Inc. will post 2.44 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, June 12th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.8%. Williams Companies’s dividend payout ratio is currently 92.11%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Williams Companies from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. raised their target price on Williams Companies from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Wall Street Zen downgraded Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. The Goldman Sachs Group raised Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Monday, April 20th. Finally, Stifel Nicolaus increased their price objective on Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $83.50.

About Williams Companies

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.