Evercore Wealth Management LLC Has $172.53 Million Stock Holdings in Williams Companies, Inc. (The) $WMB

Evercore Wealth Management LLC reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 3.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,370,634 shares of the pipeline company’s stock after selling 88,419 shares during the period. Williams Companies makes up approximately 2.7% of Evercore Wealth Management LLC’s holdings, making the stock its 11th biggest holding. Evercore Wealth Management LLC’s holdings in Williams Companies were worth $172,535,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Towne Trust Company N.A raised its holdings in shares of Williams Companies by 60.2% during the fourth 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 period. Main Street Group LTD bought a new position in Williams Companies during the 1st quarter worth about $26,000. Motiv8 Investments LLC bought a new position in Williams Companies during the 4th quarter worth about $27,000. Clearstead Trust LLC raised its stake 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 valued at $29,000 after purchasing an additional 186 shares during the period. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Williams Companies in the 4th quarter valued at about $29,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Down 4.5%

Williams Companies stock opened at $70.70 on Tuesday. The company has a market cap of $86.36 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 1.73 and a beta of 0.57. The firm has a 50-day moving average of $74.05 and a 200-day moving average of $71.96. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.76. Williams Companies, Inc. has a one year low of $55.82 and a one year high of $80.07.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. Williams Companies’s quarterly revenue was down .6% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, equities analysts expect that Williams Companies, Inc. will post 2.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Glen G. Jasek sold 2,500 shares of the stock in a transaction that occurred on 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 sale, the senior vice president owned 54,101 shares of the company’s stock, valued at approximately $4,227,993.15. This represents a 4.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 12,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $76.48, for a total transaction of $917,760.00. Following the completion of the transaction, the chief operating officer directly owned 98,219 shares of the company’s stock, valued at $7,511,789.12. This represents a 10.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 68,500 shares of company stock valued at $5,182,655 in the last ninety days. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $82.00 price objective on shares of Williams Companies in a research report on Tuesday, July 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a research report on Wednesday, June 24th. Stifel Nicolaus upped their price target on Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Morgan Stanley raised their price target on shares of Williams Companies from $98.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of Williams Companies from $82.00 to $83.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $83.56.

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.