Signet Private Wealth LLC Invests $542,000 in Williams Companies, Inc. (The) $WMB

Signet Private Wealth LLC acquired a new position in Williams Companies, Inc. (The) (NYSE:WMB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,013 shares of the pipeline company’s stock, valued at approximately $542,000.

A number of other institutional investors have also recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH acquired a new stake in Williams Companies during the 4th quarter worth about $4,627,000. Gabelli Funds LLC lifted its position in Williams Companies by 7.4% during the 4th quarter. Gabelli Funds LLC now owns 261,000 shares of the pipeline company’s stock worth $15,689,000 after acquiring an additional 17,900 shares during the period. Nordea Investment Management AB lifted its position in Williams Companies by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 2,105,570 shares of the pipeline company’s stock worth $125,839,000 after acquiring an additional 365,546 shares during the period. Stephens Inc. AR lifted its position in Williams Companies by 8.9% during the 4th quarter. Stephens Inc. AR now owns 164,900 shares of the pipeline company’s stock worth $9,912,000 after acquiring an additional 13,438 shares during the period. Finally, Global Retirement Partners LLC lifted its position in Williams Companies by 56.3% during the 4th quarter. Global Retirement Partners LLC now owns 57,550 shares of the pipeline company’s stock worth $3,459,000 after acquiring an additional 20,740 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the subject of several analyst reports. Royal Bank Of Canada boosted their price objective on Williams Companies from $82.00 to $83.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Morgan Stanley boosted their price objective on Williams Companies from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Truist Financial assumed coverage on Williams Companies in a report on Tuesday, March 24th. They issued a “buy” rating and a $84.00 price objective for the company. Wells Fargo & Company boosted their price objective on Williams Companies from $80.00 to $89.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Finally, Citigroup boosted their price objective on Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a report on Friday, May 8th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $82.40.

Insider Buying and Selling

In related news, CFO John Dean Porter sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $75.37, for a total value of $3,768,500.00. Following the completion of the transaction, the chief financial officer owned 196,567 shares of the company’s stock, valued at approximately $14,815,254.79. This represents a 20.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Glen G. Jasek sold 2,500 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $78.15, for a total value of $195,375.00. Following the completion of the transaction, the senior vice president directly owned 54,101 shares of the company’s stock, valued at $4,227,993.15. The trade was a 4.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,398 shares of company stock worth $5,389,824 in the last ninety days. 0.47% of the stock is owned by corporate insiders.

Williams Companies Stock Performance

NYSE WMB opened at $72.34 on Thursday. The stock has a market capitalization of $88.37 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 1.75 and a beta of 0.58. Williams Companies, Inc. has a twelve month low of $55.82 and a twelve month high of $80.07. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The stock has a 50-day moving average of $73.46 and a 200 day moving average of $68.75.

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, topping analysts’ consensus estimates of $0.63 by $0.10. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.Williams Companies’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Sell-side analysts anticipate that Williams Companies, Inc. will post 2.44 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, June 12th will be issued a $0.525 dividend. 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%.

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.