Parr Mcknight Wealth Management Group LLC Sells 45,021 Shares of Williams Companies, Inc. (The) $WMB

Parr Mcknight Wealth Management Group LLC lessened its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 53.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,148 shares of the pipeline company’s stock after selling 45,021 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Williams Companies were worth $2,480,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in WMB. Hartford Funds Management Co LLC bought a new stake in Williams Companies in the 2nd quarter worth $29,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Williams Companies during the second quarter worth about $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies during the second quarter worth about $35,000. Salomon & Ludwin LLC bought a new stake in shares of Williams Companies in the third quarter worth about $35,000. Finally, Aspect Partners LLC increased its holdings in Williams Companies by 81.3% during the 2nd quarter. Aspect Partners LLC now owns 582 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 261 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $66.39, for a total value of $132,780.00. Following the transaction, the senior vice president owned 293,545 shares in the company, valued at $19,488,452.55. The trade was a 0.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Price Performance

Shares of WMB opened at $72.94 on Tuesday. Williams Companies, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $73.87. The firm’s 50-day simple moving average is $64.10 and its two-hundred day simple moving average is $61.37. The stock has a market cap of $89.08 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 1.30 and a beta of 0.65. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.48 and a current ratio of 0.53.

Williams Companies (NYSE:WMB) last issued 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 return on equity of 17.32% and a net margin of 21.90%.The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, March 13th. This is a boost from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 2.9%. Williams Companies’s dividend payout ratio is 93.46%.

Analyst Upgrades and Downgrades

WMB has been the subject of several research analyst reports. BMO Capital Markets dropped their price objective on Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. UBS Group raised their price target on Williams Companies from $78.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. TD Cowen lifted their price target on shares of Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Royal Bank Of Canada upped their price objective on shares of Williams Companies from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Finally, Tudor Pickering upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. 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 company. Based on data from MarketBeat.com, Williams Companies has an average rating of “Moderate Buy” and an average target price of $75.36.

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.