Bleakley Financial Group LLC Purchases 11,020 Shares of Williams Companies, Inc. (The) $WMB

Bleakley Financial Group LLC grew its position in Williams Companies, Inc. (The) (NYSE:WMB) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,917 shares of the pipeline company’s stock after acquiring an additional 11,020 shares during the quarter. Bleakley Financial Group LLC’s holdings in Williams Companies were worth $5,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Great Diamond Partners LLC boosted its holdings in shares of Williams Companies by 0.4% in the 4th quarter. Great Diamond Partners LLC now owns 34,870 shares of the pipeline company’s stock worth $2,096,000 after purchasing an additional 150 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of Williams Companies by 0.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,611 shares of the pipeline company’s stock worth $1,479,000 after purchasing an additional 158 shares during the period. Towne Trust Company N.A boosted 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 purchasing an additional 162 shares during the period. Courier Capital LLC boosted its holdings in shares of Williams Companies by 0.3% in the 4th quarter. Courier Capital LLC now owns 47,466 shares of the pipeline company’s stock worth $2,853,000 after purchasing an additional 162 shares during the period. Finally, Sierra Summit Advisors LLC boosted its holdings in shares of Williams Companies by 0.5% in the 4th quarter. Sierra Summit Advisors LLC now owns 33,871 shares of the pipeline company’s stock worth $2,036,000 after purchasing an additional 175 shares during the period. Institutional investors own 86.44% of the company’s stock.

Insider Activity at Williams Companies

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 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mary A. Hausman sold 10,107 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $74.91, for a total value of $757,115.37. Following the transaction, the chief accounting officer directly owned 17,230 shares in the company, valued at $1,290,699.30. This represents a 36.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 90,869 shares of company stock worth $6,845,227 over the last ninety days. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WMB shares. Wolfe Research raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research note on Friday, March 27th. The Goldman Sachs Group raised shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Monday, April 20th. TD Cowen lifted their price target on shares of Williams Companies from $81.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Sunday, April 5th. Four investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $82.40.

Williams Companies Trading Down 2.7%

Shares of NYSE WMB opened at $76.37 on Wednesday. The business has a fifty day moving average price of $73.80 and a 200 day moving average price of $67.79. Williams Companies, Inc. has a 1-year low of $55.82 and a 1-year high of $80.07. The stock has a market capitalization of $93.29 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61. 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 (NYSE:WMB) last announced its earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.10. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the company posted $0.60 EPS. The firm’s quarterly 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. Equities research analysts expect that Williams Companies, Inc. will post 2.43 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, June 12th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, June 12th. Williams Companies’s dividend payout ratio is currently 92.11%.

Williams Companies Company 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.