BOK Financial Private Wealth Inc. Has $499,000 Stock Position in Williams Companies, Inc. (The) $WMB

BOK Financial Private Wealth Inc. grew its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 1,989.5% in the 2nd quarter, Holdings Channel reports. The fund owned 7,940 shares of the pipeline company’s stock after buying an additional 7,560 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Williams Companies were worth $499,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Nuveen LLC bought a new position in Williams Companies in the first quarter valued at about $335,419,000. Goldman Sachs Group Inc. raised its stake in Williams Companies by 45.0% during the first quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock worth $677,623,000 after buying an additional 3,519,370 shares during the last quarter. Bahl & Gaynor Inc. raised its position in shares of Williams Companies by 34.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company’s stock worth $674,566,000 after acquiring an additional 2,861,988 shares in the last quarter. Voya Investment Management LLC increased its holdings in Williams Companies by 275.7% in the first quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company’s stock worth $155,933,000 after purchasing an additional 1,914,730 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Williams Companies by 6.0% during the 1st quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company’s stock valued at $1,770,336,000 after acquiring an additional 1,680,477 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Up 2.7%

Shares of WMB opened at $59.53 on Monday. Williams Companies, Inc. has a 1-year low of $51.58 and a 1-year high of $65.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The company has a market capitalization of $72.70 billion, a P/E ratio of 29.92, a P/E/G ratio of 1.91 and a beta of 0.63. The firm’s 50 day simple moving average is $60.38 and its 200 day simple moving average is $59.41.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Williams Companies’s dividend payout ratio is 103.09%.

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the transaction, the senior vice president directly owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WMB. BMO Capital Markets dropped their price target on Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Zacks Research downgraded shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Barclays raised their target price on Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Wells Fargo & Company boosted their target price on Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, The Goldman Sachs Group boosted their price target on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Moderate Buy” and a consensus price target of $67.86.

Williams Companies Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.