Kinsale Capital Group Inc. Acquires 8,779 Shares of Williams Companies, Inc. (The) $WMB

Kinsale Capital Group Inc. raised its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMBFree Report) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,073 shares of the pipeline company’s stock after purchasing an additional 8,779 shares during the quarter. Williams Companies accounts for approximately 2.1% of Kinsale Capital Group Inc.’s portfolio, making the stock its 15th largest position. Kinsale Capital Group Inc.’s holdings in Williams Companies were worth $12,507,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Waterhouse Canada Inc. grew its stake in shares of Williams Companies by 0.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 24,611 shares of the pipeline company’s stock worth $1,479,000 after acquiring an additional 158 shares during the last quarter. Towne Trust Company N.A grew its stake in shares of Williams Companies by 60.2% in 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 last quarter. Courier Capital LLC grew its stake in shares of Williams Companies by 0.3% in the fourth quarter. Courier Capital LLC now owns 47,466 shares of the pipeline company’s stock worth $2,853,000 after acquiring an additional 162 shares during the last quarter. LRI Investments LLC grew its stake in shares of Williams Companies by 8.8% in the third quarter. LRI Investments LLC now owns 2,169 shares of the pipeline company’s stock worth $137,000 after acquiring an additional 176 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC grew its stake in shares of Williams Companies by 4.5% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 4,264 shares of the pipeline company’s stock worth $256,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

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Williams Companies Trading Up 0.1%

Shares of NYSE:WMB opened at $77.77 on Friday. The stock has a market capitalization of $95.00 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 1.32 and a beta of 0.61. 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 stock’s 50-day simple moving average is $73.23 and its two-hundred day simple moving average is $66.73. Williams Companies, Inc. has a 52-week low of $55.82 and a 52-week high of $78.24.

Williams Companies (NYSE:WMBGet Free Report) last announced its earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.10. The business had revenue of $3.03 billion for 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%.The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Analysts expect that Williams Companies, Inc. will post 2.37 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be given a $0.525 dividend. 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 (DPR) is presently 92.11%.

Insiders Place Their Bets

In other Williams Companies news, SVP Todd J. Rinke sold 7,364 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $74.39, for a total value of $547,807.96. Following the transaction, the senior vice president directly owned 26,055 shares of the company’s stock, valued at approximately $1,938,231.45. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Terrance Lane Wilson sold 27,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $72.92, for a total value of $1,968,840.00. Following the completion of the transaction, the senior vice president directly owned 293,159 shares in the company, valued at $21,377,154.28. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 115,369 shares of company stock valued at $8,618,692. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. TD Cowen increased their target price on Williams Companies from $81.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Scotiabank increased their price objective on Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a research report on Tuesday, May 12th. Truist Financial began coverage on Williams Companies in a research report on Tuesday, March 24th. They set a “buy” rating and a $84.00 price objective on the stock. Wall Street Zen raised Williams Companies from a “sell” rating to a “hold” rating in a research report on Sunday, April 5th. Finally, Wells Fargo & Company increased their price objective on Williams Companies from $80.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Four research 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 company. According to MarketBeat, Williams Companies currently has a consensus rating of “Buy” and a consensus target price of $80.47.

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Williams Companies Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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