Diversified Trust Co Buys 10,317 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Diversified Trust Co increased its stake in Williams Companies by 28.5%, acquiring an additional 10,317 shares, bringing its total holdings to 46,549 shares valued at approximately $2.9 million.
• Company insiders sold a total of 10,500 shares worth about $623,115 over the last three months, with significant sales from both the Senior VP and COO.
• Analysts have given mixed ratings on Williams Companies, with one report lowering its rating to "sell", while others set price targets ranging from $60 to $66.

Diversified Trust Co lifted its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 28.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,549 shares of the pipeline company's stock after acquiring an additional 10,317 shares during the quarter. Diversified Trust Co's holdings in Williams Companies were worth $2,924,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WMB. Flaharty Asset Management LLC bought a new stake in shares of Williams Companies during the 1st quarter worth about $25,000. Menard Financial Group LLC acquired a new position in shares of Williams Companies during the 4th quarter worth about $26,000. HWG Holdings LP acquired a new position in shares of Williams Companies during the 1st quarter worth about $26,000. Saudi Central Bank acquired a new position in shares of Williams Companies during the 1st quarter worth about $29,000. Finally, Iron Horse Wealth Management LLC lifted its position in shares of Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock worth $30,000 after purchasing an additional 494 shares during the last quarter. Institutional investors own 86.44% of the company's stock.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the sale, the senior vice president owned 311,645 shares of the company's stock, valued at $17,956,984.90. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the completion of the sale, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,500 shares of company stock worth $623,115 in the last three months. Company insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wall Street Zen cut Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. CIBC raised Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price objective for the company in a research report on Friday, August 15th. Scotiabank boosted their price objective on Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. Argus reaffirmed a "buy" rating and issued a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. Finally, Cibc World Mkts raised Williams Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $63.07.

Williams Companies Stock Performance

WMB stock opened at $60.19 on Friday. The business's fifty day moving average is $58.17 and its 200-day moving average is $58.50. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The company has a market cap of $73.39 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 2.01 and a beta of 0.65. Williams Companies, Inc. has a twelve month low of $44.51 and a twelve month high of $63.45.

Williams Companies (NYSE:WMB - Get Free Report) last posted its 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). The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business's revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.3%. Williams Companies's payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.