Strs Ohio Has $18.92 Million Holdings in Williams Companies, Inc. (The) $WMB

Strs Ohio cut its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 5.8% during the first quarter, HoldingsChannel.com reports. The firm owned 259,901 shares of the pipeline company’s stock after selling 16,086 shares during the period. Strs Ohio’s holdings in Williams Companies were worth $18,916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Towne Trust Company N.A boosted its stake in 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 buying an additional 162 shares in the last quarter. Motiv8 Investments LLC acquired a new position in shares of Williams Companies in the 4th quarter valued at $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 buying an additional 186 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Williams Companies during the 4th quarter worth about $29,000. Finally, WHI TRUST Co LLC bought a new position in shares of Williams Companies during the 4th quarter worth about $30,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Trading Down 0.1%

Shares of WMB stock opened at $73.09 on Friday. The company has a market capitalization of $89.28 billion, a P/E ratio of 32.06, a P/E/G ratio of 1.79 and a beta of 0.57. Williams Companies, Inc. has a 12-month low of $55.82 and a 12-month high of $80.07. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99. The firm has a 50-day moving average price of $74.10 and a 200 day moving average price of $70.23.

Williams Companies (NYSE:WMB) last released its quarterly 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. The business had revenue of $3.03 billion during 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 firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Research analysts forecast that Williams Companies, Inc. will post 2.44 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, June 12th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. Williams Companies’s payout ratio is currently 92.11%.

Analyst Upgrades and Downgrades

WMB has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on shares of Williams Companies from $82.00 to $83.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday. Canadian Imperial Bank of Commerce upped their price objective on Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. increased their target price on Williams Companies from $88.00 to $89.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Truist Financial began coverage on Williams Companies in a research report on Tuesday, March 24th. They set a “buy” rating and a $84.00 target price for the company. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $82.94.

Insider Activity at Williams Companies

In related news, SVP Glen G. Jasek sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $78.15, for a total value of $195,375.00. Following the completion of the transaction, the senior vice president owned 54,101 shares in the company, valued at $4,227,993.15. The trade was a 4.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John Dean Porter sold 50,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total value of $3,768,500.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 68,500 shares of company stock valued at $5,182,655 over the last ninety days. Company insiders own 0.47% of the company’s stock.

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.