5,801 Shares in Williams Companies, Inc. (The) $WMB Bought by Texas Capital Bank Wealth Management Services Inc

Key Points

• Texas Capital Bank Wealth Management Services Inc has made a new investment of $347,000 in Williams Companies, acquiring 5,801 shares during the first quarter.
• Several institutional investors increased their holdings in Williams Companies, with 86.44% of the stock currently owned by institutional investors.
• Williams Companies announced a quarterly dividend of $0.50, set to be paid on September 29th, representing an annual yield of 3.5%.

Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,801 shares of the pipeline company's stock, valued at approximately $347,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Williams Companies by 40.9% during the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock valued at $740,000 after buying an additional 3,969 shares during the period. XTX Topco Ltd acquired a new stake in Williams Companies during the fourth quarter worth $305,000. First Trust Advisors LP raised its position in Williams Companies by 1.9% in the fourth quarter. First Trust Advisors LP now owns 598,274 shares of the pipeline company's stock valued at $32,379,000 after purchasing an additional 11,373 shares during the period. Transce3nd LLC purchased a new stake in Williams Companies in the fourth quarter valued at $35,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Williams Companies by 27.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 67,548 shares of the pipeline company's stock valued at $3,656,000 after purchasing an additional 14,749 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMB has been the subject of a number of recent analyst reports. Cibc World Mkts raised Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Royal Bank Of Canada reissued an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a research note on Tuesday, July 15th. Argus reaffirmed a "buy" rating and set a $66.00 price objective on shares of Williams Companies in a research report on Thursday, August 14th. Finally, CIBC upgraded shares of Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 target price for the company in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $62.86.

Insider Buying and Selling at Williams Companies

In other news, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $59.68, for a total value of $119,360.00. Following the sale, the senior vice president directly owned 313,645 shares in the company, valued at $18,718,333.60. This trade represents a 0.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock worth $507,875 in the last three months. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Stock Down 1.4%

Shares of Williams Companies stock traded down $0.8110 on Friday, reaching $56.9890. 4,663,233 shares of the company were exchanged, compared to its average volume of 6,865,747. The stock's 50 day moving average price is $58.76 and its 200-day moving average price is $58.31. The company has a market cap of $69.49 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 1.93 and a beta of 0.66. Williams Companies, Inc. has a 1-year low of $43.98 and a 1-year high of $63.45. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS 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 firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm earned $0.43 EPS. The company'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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies's dividend payout ratio is 100.50%.

About Williams Companies

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.