New York Life Investment Management LLC Sells 10,702 Shares of Williams Companies, Inc. (The) $WMB

New York Life Investment Management LLC lessened its holdings in Williams Companies, Inc. (The) (NYSE:WMBFree Report) by 6.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 167,367 shares of the pipeline company’s stock after selling 10,702 shares during the period. New York Life Investment Management LLC’s holdings in Williams Companies were worth $10,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMB. Towne Trust Company N.A grew 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 purchasing an additional 162 shares during the last quarter. Financial Life Planners bought a new stake in shares of Williams Companies during the third quarter worth about $36,000. Turning Point Benefit Group Inc. bought a new stake in shares of Williams Companies during the third quarter worth about $46,000. Rakuten Securities Inc. grew its holdings in shares of Williams Companies by 99.7% during the second quarter. Rakuten Securities Inc. now owns 767 shares of the pipeline company’s stock worth $48,000 after purchasing an additional 383 shares during the last quarter. Finally, Accordant Advisory Group Inc grew its holdings in shares of Williams Companies by 324.7% during the fourth quarter. Accordant Advisory Group Inc now owns 807 shares of the pipeline company’s stock worth $49,000 after purchasing an additional 617 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Price Performance

Williams Companies stock 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. Williams Companies, Inc. has a 52-week low of $55.82 and a 52-week high of $78.24. The stock’s 50 day moving average price is $73.23 and its two-hundred day moving average price is $66.73. 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:WMBGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. The firm 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 company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, equities analysts predict that Williams Companies, Inc. will post 2.37 earnings per share for the current year.

Williams Companies Announces Dividend

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

Insider Activity

In other Williams Companies news, SVP Todd J. Rinke sold 7,364 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $74.39, for a total transaction of $547,807.96. Following the transaction, the senior vice president directly owned 26,055 shares in the company, valued at approximately $1,938,231.45. This represents a 22.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Dean Porter sold 50,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer owned 196,567 shares in the company, valued at $14,815,254.79. The trade was a 20.28% 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 worth $8,618,692. Company insiders own 0.47% of the company’s stock.

Williams Companies News Roundup

Here are the key news stories impacting Williams Companies this week:

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup boosted their price target on Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Royal Bank Of Canada boosted their price target on Williams Companies from $82.00 to $83.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Wolfe Research upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Stifel Nicolaus boosted their price target on Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $80.47.

Check Out Our Latest Report on WMB

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

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

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