The Williams Companies, Inc. (NYSE:WMB) SVP Debbie L. Pickle Sells 38,200 Shares (2024)

The Williams Companies, Inc. (NYSE:WMB) SVP Debbie L. Pickle Sells 38,200 Shares (1)The Williams Companies, Inc. (NYSE:WMB - Get Free Report) SVP Debbie L. Pickle sold 38,200 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the completion of the sale, the senior vice president now owns 60,410 shares of the company's stock, valued at approximately $2,392,840.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Williams Companies Stock Performance

Shares of WMB opened at $39.64 on Friday. The stock has a 50-day simple moving average of $38.17 and a 200-day simple moving average of $36.11. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.73 and a current ratio of 0.52. The Williams Companies, Inc. has a 1 year low of $28.27 and a 1 year high of $39.99. The stock has a market capitalization of $48.31 billion, a PE ratio of 16.66, a PEG ratio of 6.11 and a beta of 1.05.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.10. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The company's quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 EPS. On average, analysts predict that The Williams Companies, Inc. will post 1.85 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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The Williams Companies, Inc. (NYSE:WMB) SVP Debbie L. Pickle Sells 38,200 Shares (2)


The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Friday, June 7th. Williams Companies's dividend payout ratio (DPR) is 79.83%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Stifel Nicolaus upped their target price on Williams Companies from $40.00 to $43.00 and gave the company a "buy" rating in a report on Wednesday. CIBC boosted their target price on shares of Williams Companies from $38.00 to $39.00 and gave the company a "neutral" rating in a report on Wednesday. Barclays lifted their price target on shares of Williams Companies from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday, April 11th. US Capital Advisors lowered Williams Companies from an "overweight" rating to a "hold" rating in a research report on Monday, April 29th. Finally, Truist Financial raised their price objective on Williams Companies from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $39.42.

Check Out Our Latest Research Report on WMB

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Williams Companies in the 4th quarter valued at approximately $306,417,000. Wellington Management Group LLP increased its stake in Williams Companies by 35.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company's stock valued at $321,867,000 after buying an additional 2,482,331 shares during the period. Bahl & Gaynor Inc. lifted its stake in shares of Williams Companies by 45.3% in the 3rd quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company's stock worth $220,506,000 after acquiring an additional 2,040,993 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Williams Companies by 55.1% in the third quarter. Envestnet Asset Management Inc. now owns 4,900,745 shares of the pipeline company's stock valued at $165,106,000 after acquiring an additional 1,740,677 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Williams Companies by 69.2% during the fourth quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company's stock worth $143,003,000 after acquiring an additional 1,679,452 shares during the period. Hedge funds and other institutional investors own 86.44% of the company's stock.

About Williams Companies

(Get Free Report)

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.

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The Williams Companies, Inc. (NYSE:WMB) SVP Debbie L. Pickle Sells 38,200 Shares (2024)
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