Williams Companies, Inc. (The) $WMB Holdings Lifted by First Hawaiian Bank

Key Points

• First Hawaiian Bank increased its stake in Williams Companies by 29% to 53,795 shares, valued at approximately $3.2 million as of its latest SEC filing.
• Williams Companies declared a quarterly dividend of $0.50 per share, with a yield of 3.4%, set to be paid on September 29th to shareholders of record.
• The company's latest earnings report showed an EPS of $0.46, missing consensus estimates, while revenue rose 19% year-over-year.

First Hawaiian Bank boosted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 29.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,795 shares of the pipeline company's stock after buying an additional 12,100 shares during the period. First Hawaiian Bank's holdings in Williams Companies were worth $3,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Castleview Partners LLC raised its stake in shares of Williams Companies by 4.2% in the first quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock worth $268,000 after purchasing an additional 183 shares during the last quarter. Quarry LP grew its holdings in shares of Williams Companies by 20.3% in the first quarter. Quarry LP now owns 1,095 shares of the pipeline company's stock worth $65,000 after acquiring an additional 185 shares during the period. Mirador Capital Partners LP increased its position in Williams Companies by 1.2% during the first quarter. Mirador Capital Partners LP now owns 16,712 shares of the pipeline company's stock valued at $999,000 after acquiring an additional 196 shares during the last quarter. Perkins Coie Trust Co boosted its holdings in shares of Williams Companies by 13.3% in the first quarter. Perkins Coie Trust Co now owns 1,700 shares of the pipeline company's stock worth $102,000 after buying an additional 200 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. lifted its position in Williams Companies by 4.3% during the first quarter. FSB Premier Wealth Management Inc. now owns 4,884 shares of the pipeline company's stock valued at $292,000 after purchasing an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company's stock.

Analyst Ratings Changes

WMB has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Scotiabank raised their target price on shares of Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 15th. TD Cowen initiated coverage on Williams Companies in a research report on Monday, July 7th. They issued a "buy" rating and a $67.00 target price on the stock. Finally, Wall Street Zen downgraded Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.86.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on 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 approximately $17,956,984.90. The trade was a 0.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares of the company's stock, valued at approximately $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. Insiders sold a total of 10,500 shares of company stock worth $623,115 over the last ninety days. Insiders own 0.44% of the company's stock.

Williams Companies Stock Down 0.8%

Shares of WMB stock traded down $0.49 during trading hours on Friday, reaching $58.84. 5,630,379 shares of the company's stock were exchanged, compared to its average volume of 5,478,224. The stock's 50 day moving average is $58.05 and its 200-day moving average is $58.44. The company has a market cap of $71.75 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 1.96 and a beta of 0.65. 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 fifty-two week low of $44.51 and a fifty-two week 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 (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 net margin of 21.63% and a return on equity of 16.23%. The company's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies's 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.