State Street Corp Sells 972,902 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• State Street reduced its Williams Companies stake by 972,902 shares in the second quarter, leaving it with 72.0 million shares worth approximately $5.35 billion, or 5.89% of the company. Institutional investors collectively own 86.44% of WMB.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $85.94, compared with the stock’s recent price of $71.54.
• Williams reported quarterly revenue of $3.05 billion and adjusted earnings of $0.50 per share, while declaring a quarterly dividend of $0.525 per share, equivalent to a 2.9% annualized yield.

State Street Corp decreased its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,015,506 shares of the pipeline company's stock after selling 972,902 shares during the quarter. State Street Corp owned about 5.89% of Williams Companies worth $5,353,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in WMB. Infrastructure Capital Advisors LLC purchased a new position in shares of Williams Companies during the 2nd quarter valued at about $15,277,000. Ieq Capital LLC bought a new position in Williams Companies during the second quarter valued at approximately $2,504,000. Cynosure Group LLC bought a new position in Williams Companies during the second quarter valued at approximately $647,000. The Manufacturers Life Insurance Company purchased a new position in shares of Williams Companies during the second quarter worth approximately $77,998,000. Finally, SIR Capital Management L.P. lifted its holdings in shares of Williams Companies by 40.0% in the 4th quarter. SIR Capital Management L.P. now owns 525,232 shares of the pipeline company's stock worth $31,572,000 after acquiring an additional 150,032 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Scotiabank decreased their price target on Williams Companies from $86.00 to $85.00 and set a "sector outperform" rating on the stock in a research note on Thursday, September 10th. Truist Financial increased their price target on shares of Williams Companies from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. Capital One Financial began coverage on shares of Williams Companies in a research report on Tuesday. They issued an "overweight" rating and a $92.00 price objective on the stock. Jefferies Financial Group lowered their price objective on shares of Williams Companies from $87.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Williams Companies from $88.00 to $89.00 and gave the stock an "overweight" rating in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Williams Companies has a consensus rating of "Buy" and an average price target of $85.94.

Williams Companies Stock Down 0.1%

NYSE WMB traded down $0.11 during trading hours on Tuesday, reaching $71.54. 1,630,040 shares of the company's stock traded hands, compared to its average volume of 7,074,109. Williams Companies, Inc. has a 52-week low of $56.19 and a 52-week high of $80.07. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. The firm has a 50-day simple moving average of $72.99 and a 200 day simple moving average of $73.43. The firm has a market cap of $87.51 billion, a PE ratio of 28.55, a PEG ratio of 1.51 and a beta of 0.59.

Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, meeting analysts' consensus estimates of $0.50. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Sell-side analysts anticipate that Williams Companies, Inc. will post 2.43 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies's dividend payout ratio (DPR) is presently 83.67%.

Insider Activity at Williams Companies

In other news, SVP Terrance Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $75.56, for a total value of $151,120.00. Following the completion of the sale, the senior vice president directly owned 264,259 shares in the company, valued at $19,967,410.04. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 19,000 shares of company stock valued at $1,414,050 in the last three months. Insiders own 0.47% of the company's stock.

Williams Companies Profile

Williams Companies, Inc is an energy infrastructure company focused primarily on gathering, processing, transporting and storing natural gas and natural gas liquids. The company provides the infrastructure and related services that connect natural gas supplies with utilities, power generators, industrial customers, liquefied natural gas facilities and other markets.

Williams operates a large network of interstate and regional natural gas pipelines, gathering systems, processing facilities and storage assets across the United States.

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