MidFirst Bank Buys Shares of 115,845 Williams Companies, Inc. (The) $WMB

MidFirst Bank bought a new position in Williams Companies, Inc. (The) (NYSE:WMB) in the 4th quarter, Holdings Channel reports. The firm bought 115,845 shares of the pipeline company’s stock, valued at approximately $6,963,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Towne Trust Company N.A raised its holdings in shares of Williams Companies by 60.2% in the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 162 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in Williams Companies in the fourth quarter worth about $27,000. Clearstead Trust LLC grew its holdings in Williams Companies by 62.2% during the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 186 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in Williams Companies during the 4th quarter worth about $29,000. Finally, WHI TRUST Co LLC purchased a new position in Williams Companies during the 4th quarter valued at about $30,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $73.16 on Friday. The company has a market capitalization of $89.37 billion, a PE ratio of 32.09, a P/E/G ratio of 1.74 and a beta of 0.58. The company has a 50-day simple moving average of $73.37 and a two-hundred day simple moving average of $69.25. Williams Companies, Inc. has a one year low of $55.82 and a one year high of $80.07. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the business earned $0.60 EPS. The company’s revenue was down .6% compared to the same quarter last year. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Research analysts expect that Williams Companies, Inc. will post 2.44 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, June 12th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a yield of 2.9%. Williams Companies’s dividend payout ratio is presently 92.11%.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $76.35, for a total value of $152,700.00. Following the completion of the sale, the senior vice president directly owned 287,159 shares in the company, valued at $21,924,589.65. This trade represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Glen G. Jasek sold 2,500 shares of Williams Companies stock in a transaction on Friday, May 15th. The stock was sold at an average price of $78.15, for a total transaction of $195,375.00. Following the completion of the transaction, the senior vice president directly owned 54,101 shares in the company, valued at $4,227,993.15. This represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 68,500 shares of company stock valued at $5,177,835 in the last ninety days. 0.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada boosted their price target on shares of Williams Companies from $82.00 to $83.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Scotiabank lifted their price objective on shares of Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a report on Tuesday, May 12th. The Goldman Sachs Group raised shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Monday, April 20th. Wall Street Zen upgraded Williams Companies from a “sell” rating to a “hold” rating in a report on Sunday, April 5th. Finally, TD Cowen increased their target price on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $82.40.

About Williams Companies

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.