ABN AMRO Bank N.V. Boosts Holdings in Williams Companies, Inc. (The) $WMB

Key Points

• ABN AMRO Bank N.V. sharply increased its stake in Williams Companies by 2,546.6% in the first quarter, ending with 152,975 shares valued at about $11.2 million.
• Williams Companies reported better-than-expected quarterly earnings of $0.73 per share, beating consensus estimates, though revenue came in below forecasts and was slightly lower year over year.
• The company declared a quarterly dividend of $0.525 per share and received mostly bullish analyst coverage, with an average rating of “Buy” and an average price target of $82.40.

ABN AMRO Bank N.V. boosted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 2,546.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,975 shares of the pipeline company's stock after buying an additional 147,195 shares during the quarter. ABN AMRO Bank N.V.'s holdings in Williams Companies were worth $11,184,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Towne Trust Company N.A grew its holdings 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 valued at $26,000 after purchasing an additional 162 shares during the period. Motiv8 Investments LLC purchased a new stake in Williams Companies in the 4th quarter worth approximately $27,000. Clearstead Trust LLC increased its holdings in 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 acquiring an additional 186 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in Williams Companies during the 4th quarter worth approximately $29,000. Finally, First Command Advisory Services Inc. lifted its holdings in Williams Companies by 216.8% during the fourth quarter. First Command Advisory Services Inc. now owns 491 shares of the pipeline company's stock valued at $30,000 after purchasing an additional 336 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Performance

WMB opened at $78.00 on Friday. 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 stock has a market capitalization of $95.28 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 1.90 and a beta of 0.58. The company has a fifty day moving average of $73.82 and a 200 day moving average of $69.78. Williams Companies, Inc. has a fifty-two week low of $55.82 and a fifty-two week high of $80.07.

Williams Companies (NYSE:WMB - Get Free Report) last issued 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 return on equity of 18.34% and a net margin of 23.39%.The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.28 billion. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. As a group, sell-side analysts forecast that Williams Companies, Inc. will post 2.44 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, June 12th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a yield of 2.7%. Williams Companies's dividend payout ratio is presently 92.11%.

Insider Buying and Selling at Williams Companies

In other news, COO Larry C. Larsen sold 12,000 shares of Williams Companies stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $76.48, for a total value of $917,760.00. Following the completion of the transaction, the chief operating officer owned 98,219 shares in the company, valued at approximately $7,511,789.12. The trade was a 10.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Dean Porter sold 50,000 shares of the business's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total transaction of $3,768,500.00. Following the transaction, the chief financial officer owned 196,567 shares in the company, valued at $14,815,254.79. This trade represents a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 68,500 shares of company stock worth $5,177,835 over the last three months. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WMB shares. Wolfe Research raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 21st. Weiss Ratings reiterated a "buy (b)" rating on shares of Williams Companies in a research note on Wednesday. Canadian Imperial Bank of Commerce raised their price target on Williams Companies from $83.00 to $85.00 and gave the company an "outperformer" rating in a report on Tuesday, May 26th. The Goldman Sachs Group upgraded Williams Companies from a "neutral" rating to a "buy" rating and set a $82.00 price objective on the stock in a research report on Monday, April 20th. Finally, Royal Bank Of Canada upped their price objective on Williams Companies from $82.00 to $83.00 and gave the stock an "outperform" rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned 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 price target of $82.40.

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.

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