Chevy Chase Trust Holdings LLC Purchases 5,618 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in Williams Companies by 0.9%, owning approximately 646,322 shares valued at $40.6 million after acquiring an additional 5,618 shares in the second quarter.
• Recent analyst reports raised target prices for Williams Companies, with Goldman Sachs increasing its target from $59.00 to $65.00, while Morgan Stanley set a new target of $83.00.
• The company declared a quarterly dividend of $0.50 per share, yielding 3.2%, which was paid on September 29th, 2023.

Chevy Chase Trust Holdings LLC lifted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 646,322 shares of the pipeline company's stock after acquiring an additional 5,618 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Williams Companies worth $40,595,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Williams Companies by 1.2% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company's stock valued at $34,489,000 after acquiring an additional 6,816 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Williams Companies by 362.5% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company's stock valued at $87,608,000 after acquiring an additional 1,149,045 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Williams Companies by 27.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company's stock worth $24,081,000 after purchasing an additional 87,031 shares during the last quarter. Kessler Investment Group LLC purchased a new stake in Williams Companies in the first quarter worth approximately $327,000. Finally, Good Steward Wealth Advisors LLC purchased a new stake in Williams Companies in the first quarter worth approximately $977,000. Institutional investors own 86.44% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WMB shares. The Goldman Sachs Group raised their target price on shares of Williams Companies from $59.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, October 2nd. Scotiabank raised their target price on shares of Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 15th. BMO Capital Markets started coverage on shares of Williams Companies in a report on Friday, September 19th. They issued an "outperform" rating and a $66.00 target price on the stock. Morgan Stanley raised their target price on shares of Williams Companies from $70.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, October 2nd. Finally, CIBC upgraded shares of Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 target price on the stock in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $66.73.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares in the company, valued at $17,956,984.90. This trade represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the sale, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,500 shares of company stock worth $497,715 over the last 90 days. Insiders own 0.44% of the company's stock.

Williams Companies Stock Down 0.2%

WMB opened at $62.39 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 1-year low of $51.34 and a 1-year high of $65.55. The company has a market capitalization of $76.08 billion, a PE ratio of 31.35, a PEG ratio of 2.08 and a beta of 0.65. The firm's 50 day simple moving average is $59.95 and its two-hundred day simple moving average is $59.18.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. The firm's revenue was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, September 12th. Williams Companies's dividend payout ratio (DPR) is presently 100.50%.

Williams Companies Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.

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