Reaves W H & Co. Inc. Has $77.81 Million Holdings in Williams Companies, Inc. (The) $WMB

Reaves W H & Co. Inc. increased its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 18.8% during the fourth quarter, HoldingsChannel reports. The fund owned 1,294,417 shares of the pipeline company’s stock after acquiring an additional 205,190 shares during the quarter. Williams Companies accounts for about 1.4% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 25th biggest holding. Reaves W H & Co. Inc.’s holdings in Williams Companies were worth $77,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently 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 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 162 shares during the last quarter. Clearstead Trust LLC raised its holdings in shares of Williams Companies by 62.2% in 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 during the last quarter. WHI TRUST Co LLC acquired a new stake in shares of Williams Companies in the 4th quarter worth about $30,000. Entrust Financial LLC acquired a new stake in shares of Williams Companies in the 4th quarter worth about $31,000. Finally, Financial Life Planners acquired a new stake in shares of Williams Companies in the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Activity

In other news, SVP Todd J. Rinke sold 7,364 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $74.39, for a total transaction of $547,807.96. Following the completion of the transaction, the senior vice president directly owned 26,055 shares of the company’s stock, valued at $1,938,231.45. This represents a 22.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Dean Porter sold 50,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total transaction of $3,768,500.00. Following the transaction, the chief financial officer directly owned 196,567 shares of the company’s stock, valued at $14,815,254.79. This represents a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 78,762 shares of company stock worth $5,937,632. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on WMB. TD Cowen upped their price objective on shares of Williams Companies from $81.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research raised shares of Williams Companies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada upped their price objective on shares of Williams Companies from $82.00 to $83.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce upped their price objective on shares of Williams Companies from $83.00 to $85.00 and gave the stock an “outperformer” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company upped their price objective on shares of Williams Companies from $80.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Four analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Williams Companies presently has an average rating of “Buy” and a consensus price target of $82.40.

Williams Companies Trading Up 0.0%

Shares of WMB stock opened at $71.41 on Monday. Williams Companies, Inc. has a 52-week low of $55.82 and a 52-week 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. The company has a 50-day simple moving average of $73.77 and a two-hundred day simple moving average of $68.08. The company has a market capitalization of $87.23 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 1.23 and a beta of 0.58.

Williams Companies (NYSE:WMB) last released its 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 firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the firm 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 anticipate that Williams Companies, Inc. will post 2.46 EPS for the current fiscal year.

Williams Companies Announces Dividend

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

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.