CIBC Private Wealth Group LLC Has $52.62 Million Position in Williams Companies, Inc. (The) $WMB

CIBC Private Wealth Group LLC grew its position in Williams Companies, Inc. (The) (NYSE:WMB) by 7.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 830,587 shares of the pipeline company’s stock after purchasing an additional 57,943 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Williams Companies were worth $52,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMB. CIBC Bancorp USA Inc. acquired a new position in shares of Williams Companies in the 3rd quarter valued at $10,673,000. Asset Dedication LLC lifted its holdings in Williams Companies by 5.6% during the third quarter. Asset Dedication LLC now owns 4,698 shares of the pipeline company’s stock worth $298,000 after acquiring an additional 248 shares in the last quarter. Caerus Investment Advisors LLC acquired a new position in Williams Companies in the third quarter valued at about $659,000. Sunbelt Securities Inc. grew its stake in Williams Companies by 2,906.4% in the third quarter. Sunbelt Securities Inc. now owns 20,654 shares of the pipeline company’s stock valued at $1,308,000 after acquiring an additional 19,967 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in shares of Williams Companies by 13.1% in the third quarter. Coldstream Capital Management Inc. now owns 35,904 shares of the pipeline company’s stock worth $2,275,000 after acquiring an additional 4,160 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Williams Companies news, CAO Mary A. Hausman sold 10,107 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $74.91, for a total value of $757,115.37. Following the sale, the chief accounting officer owned 17,230 shares in the company, valued at $1,290,699.30. This represents a 36.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Terrance Lane Wilson sold 27,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $72.92, for a total value of $1,968,840.00. Following the completion of the sale, the senior vice president directly owned 293,159 shares of the company’s stock, valued at approximately $21,377,154.28. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 51,369 shares of company stock worth $3,769,012. Company insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of WMB opened at $72.75 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83. The company’s fifty day simple moving average is $69.07 and its 200 day simple moving average is $63.35. Williams Companies, Inc. has a 1-year low of $51.58 and a 1-year high of $76.87. The company has a market cap of $88.86 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 1.27 and a beta of 0.63.

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

Williams Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be paid a $0.525 dividend. This is an increase from Williams Companies’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 13th. This represents a $2.10 annualized dividend and a yield of 2.9%. Williams Companies’s dividend payout ratio (DPR) is 98.13%.

Analyst Upgrades and Downgrades

WMB has been the topic of several recent analyst reports. Wall Street Zen upgraded Williams Companies from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Stifel Nicolaus raised their target price on shares of Williams Companies from $69.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Zacks Research raised shares of Williams Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Citigroup upped their price target on shares of Williams Companies from $70.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, UBS Group raised their price objective on shares of Williams Companies from $78.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.