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Truist Financial Corp Increases Position in Williams Companies, Inc. (The) $WMB

Williams Companies logo with Energy background

Key Points

  • Truist Financial Corp increased its stake in Williams Companies by 5.3% during the second quarter, acquiring an additional 88,057 shares to bring its total holdings to approximately $110.8 million.
  • Williams Companies reported lower earnings than expected, with a quarterly EPS of $0.46, missing the analysts' consensus estimate of $0.49, and a revenue of $2.78 billion against an estimate of $2.90 billion.
  • The company recently announced a $0.50 quarterly dividend, representing a 3.1% annual yield and a dividend payout ratio of 100.5%.
  • Five stocks to consider instead of Williams Companies.

Truist Financial Corp boosted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,764,224 shares of the pipeline company's stock after acquiring an additional 88,057 shares during the period. Truist Financial Corp owned 0.14% of Williams Companies worth $110,811,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WMB. Nuveen LLC purchased a new stake in Williams Companies during the 1st quarter valued at about $335,419,000. Goldman Sachs Group Inc. grew its stake in Williams Companies by 45.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company's stock valued at $677,623,000 after acquiring an additional 3,519,370 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in Williams Companies by 34.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company's stock valued at $674,566,000 after acquiring an additional 2,861,988 shares in the last quarter. Voya Investment Management LLC grew its stake in Williams Companies by 275.7% during the 1st quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company's stock valued at $155,933,000 after acquiring an additional 1,914,730 shares in the last quarter. Finally, Congress Asset Management Co. purchased a new stake in Williams Companies during the 1st quarter valued at about $112,706,000. Hedge funds and other institutional investors own 86.44% of the company's stock.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares of the company's stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Larry C. Larsen sold 4,500 shares of the 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 completion of the transaction, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,500 shares of company stock worth $497,715. Insiders own 0.44% of the company's stock.

Williams Companies Price Performance

Williams Companies stock opened at $63.68 on Thursday. The firm has a market cap of $77.65 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.65. Williams Companies, Inc. has a 52-week low of $46.53 and a 52-week high of $64.48. 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's 50 day moving average is $58.90 and its two-hundred day moving average is $58.89.

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

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Williams Companies's dividend payout ratio is currently 100.50%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. TD Cowen started coverage on shares of Williams Companies in a research note on Monday, July 7th. They set a "buy" rating and a $67.00 price objective for the company. 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. UBS Group increased their price target on shares of Williams Companies from $74.00 to $78.00 and gave the company a "buy" rating in a research note on Tuesday. CIBC raised shares of Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price target for the company in a research note on Friday, August 15th. Finally, Barclays increased their price target on shares of Williams Companies from $59.00 to $65.00 and gave the company an "equal weight" rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Williams Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

View Our Latest Stock Analysis on Williams Companies

Williams Companies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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