58,868 Shares in Williams Companies, Inc. (The) $WMB Purchased by Dockside LLC

Dockside LLC purchased a new position in Williams Companies, Inc. (The) (NYSE:WMB) in the fourth quarter, HoldingsChannel reports. The fund purchased 58,868 shares of the pipeline company’s stock, valued at approximately $3,539,000. Williams Companies makes up approximately 0.9% of Dockside LLC’s portfolio, making the stock its 29th largest holding.

A number of other institutional investors also recently bought and sold shares of the stock. UMB Bank n.a. raised its stake in Williams Companies by 1.0% in the fourth quarter. UMB Bank n.a. now owns 15,309 shares of the pipeline company’s stock worth $920,000 after buying an additional 148 shares in the last quarter. Parallel Advisors LLC raised its stake in Williams Companies by 1.2% in the fourth quarter. Parallel Advisors LLC now owns 12,646 shares of the pipeline company’s stock worth $760,000 after buying an additional 149 shares in the last quarter. Great Diamond Partners LLC raised its stake in Williams Companies by 0.4% in the fourth quarter. Great Diamond Partners LLC now owns 34,870 shares of the pipeline company’s stock worth $2,096,000 after buying an additional 150 shares in the last quarter. Betterment LLC raised its stake in Williams Companies by 3.3% in the fourth quarter. Betterment LLC now owns 4,766 shares of the pipeline company’s stock worth $286,000 after buying an additional 154 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in 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 buying an additional 158 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Larry C. Larsen sold 12,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer owned 98,219 shares of the company’s stock, valued at $7,511,789.12. This trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $76.35, for a total transaction of $152,700.00. Following the sale, the senior vice president directly owned 287,159 shares of the company’s stock, valued at $21,924,589.65. This trade represents a 0.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 68,500 shares of company stock worth $5,177,835 over the last three months. 0.47% of the stock is currently owned by insiders.

Williams Companies Price Performance

Shares of NYSE WMB opened at $71.92 on Friday. Williams Companies, Inc. has a fifty-two week low of $55.82 and a fifty-two week high of $80.07. The company has a 50 day simple moving average of $73.44 and a two-hundred day simple moving average of $68.85. The company has a market capitalization of $87.86 billion, a price-to-earnings ratio of 31.54, a P/E/G ratio of 1.76 and a beta of 0.58. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.10. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.28 billion. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $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 2.44 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.10 annualized dividend and a dividend yield of 2.9%. Williams Companies’s dividend payout ratio (DPR) is 92.11%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Citigroup raised their target price on shares of Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Stifel Nicolaus raised their target price on shares of Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group raised shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Monday, April 20th. Morgan Stanley raised their target price on shares of Williams Companies from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Finally, Wolfe Research raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Four equities research 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $82.40.

About Williams Companies

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.