Moors & Cabot Inc. Sells 13,025 Shares of Williams Companies, Inc. (The) $WMB

Moors & Cabot Inc. lessened its position in Williams Companies, Inc. (The) (NYSE:WMB) by 6.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 202,589 shares of the pipeline company’s stock after selling 13,025 shares during the period. Moors & Cabot Inc.’s holdings in Williams Companies were worth $12,834,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of WMB. Norges Bank bought a new stake in Williams Companies during the 2nd quarter valued at $765,164,000. BROOKFIELD Corp ON lifted its stake in shares of Williams Companies by 190.3% in the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock valued at $755,490,000 after buying an additional 7,884,730 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Williams Companies by 15.9% during the third quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock valued at $3,077,942,000 after buying an additional 6,668,950 shares during the last quarter. Invesco Ltd. increased its position in shares of Williams Companies by 27.3% during the second quarter. Invesco Ltd. now owns 14,417,821 shares of the pipeline company’s stock worth $905,583,000 after acquiring an additional 3,089,390 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Williams Companies by 30.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,073,602 shares of the pipeline company’s stock worth $574,856,000 after acquiring an additional 2,116,526 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $75.24, for a total value of $150,480.00. Following the transaction, the senior vice president directly owned 291,159 shares in the company, valued at $21,906,803.16. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Todd J. Rinke sold 7,364 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $74.39, for a total transaction of $547,807.96. Following the transaction, the senior vice president directly owned 26,055 shares of the company’s stock, valued at $1,938,231.45. This represents a 22.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 48,471 shares of company stock valued at $3,557,023. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $73.88 on Tuesday. The business’s fifty day simple moving average is $68.54 and its 200 day simple moving average is $63.17. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $76.87. The firm has a market capitalization of $90.25 billion, a P/E ratio of 34.53, a price-to-earnings-growth ratio of 1.26 and a beta of 0.63.

Williams Companies (NYSE:WMB) last announced its earnings results on Tuesday, February 10th. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Williams Companies had a net margin of 21.90% and a return on equity of 17.32%. During the same period in the prior year, the business earned $0.47 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. As a group, analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. This is a boost from Williams Companies’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 13th. Williams Companies’s dividend payout ratio is 98.13%.

Wall Street Analyst Weigh In

Several analysts have recently commented on WMB shares. Tudor Pickering raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Stifel Nicolaus upped their price target on Williams Companies from $69.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, February 13th. UBS Group raised their price objective on Williams Companies from $78.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada upped their target price on shares of Williams Companies from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Finally, Zacks Research upgraded shares of Williams Companies from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $76.50.

Williams Companies Profile

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.