ELCO Management Co. LLC Has $7.88 Million Stake in Williams Companies, Inc. (The) $WMB

ELCO Management Co. LLC cut its position in Williams Companies, Inc. (The) (NYSE:WMB) by 28.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 131,064 shares of the pipeline company’s stock after selling 51,111 shares during the quarter. Williams Companies makes up approximately 5.0% of ELCO Management Co. LLC’s investment portfolio, making the stock its 3rd largest holding. ELCO Management Co. LLC’s holdings in Williams Companies were worth $7,878,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in shares of Williams Companies by 3.1% during the third quarter. Envestnet Asset Management Inc. now owns 4,540,556 shares of the pipeline company’s stock valued at $287,644,000 after acquiring an additional 134,777 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Williams Companies by 9.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 184,123 shares of the pipeline company’s stock valued at $11,664,000 after acquiring an additional 16,027 shares in the last quarter. Compass Wealth Management LLC increased its holdings in shares of Williams Companies by 75.9% during the third quarter. Compass Wealth Management LLC now owns 125,290 shares of the pipeline company’s stock valued at $7,937,000 after acquiring an additional 54,057 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of Williams Companies by 3,344.8% during the third quarter. Atlantic Union Bankshares Corp now owns 17,465 shares of the pipeline company’s stock valued at $1,106,000 after acquiring an additional 16,958 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Williams Companies during the fourth quarter valued at about $4,627,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $74.16 on Tuesday. The business’s 50 day moving average price is $73.16 and its 200 day moving average price is $66.30. The firm has a market cap of $90.60 billion, a P/E ratio of 32.53, a P/E/G ratio of 1.25 and a beta of 0.61. Williams Companies, Inc. has a 52 week low of $55.82 and a 52 week high of $77.41. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, May 4th. The pipeline company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.28 billion. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.Williams Companies’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, sell-side analysts expect that Williams Companies, Inc. will post 2.32 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, June 12th. Williams Companies’s dividend payout ratio is currently 92.11%.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $76.35, for a total value of $152,700.00. Following the sale, the senior vice president owned 287,159 shares in the company, valued at approximately $21,924,589.65. This represents a 0.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the sale, the chief accounting officer owned 17,230 shares in the company, valued at approximately $1,290,699.30. This represents a 36.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 103,369 shares of company stock worth $7,700,932. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group upped their price objective on shares of Williams Companies from $78.00 to $89.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Truist Financial initiated coverage on shares of Williams Companies in a report on Tuesday, March 24th. They set a “buy” rating and a $84.00 price objective on the stock. Stifel Nicolaus upped their target price on Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Wolfe Research upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Finally, Zacks Research upgraded Williams Companies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $80.27.

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.