CIBC Bancorp USA Inc. Invests $10.67 Million in Williams Companies, Inc. (The) $WMB

CIBC Bancorp USA Inc. acquired a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 168,474 shares of the pipeline company’s stock, valued at approximately $10,673,000.

Several other institutional investors have also recently bought and sold shares of WMB. Asset Dedication LLC grew its holdings in shares of Williams Companies by 5.6% during the 3rd quarter. Asset Dedication LLC now owns 4,698 shares of the pipeline company’s stock valued at $298,000 after purchasing an additional 248 shares during the last quarter. Caerus Investment Advisors LLC bought a new position in Williams Companies in the 3rd quarter valued at approximately $659,000. Sunbelt Securities Inc. boosted its position in Williams Companies by 2,906.4% in the third quarter. Sunbelt Securities Inc. now owns 20,654 shares of the pipeline company’s stock valued at $1,308,000 after buying an additional 19,967 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Williams Companies by 13.1% in the third quarter. Coldstream Capital Management Inc. now owns 35,904 shares of the pipeline company’s stock valued at $2,275,000 after buying an additional 4,160 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of Williams Companies during the third quarter worth $3,328,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Todd J. Rinke sold 7,364 shares of Williams Companies stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $74.39, for a total value of $547,807.96. Following the completion of the sale, the senior vice president owned 26,055 shares in the company, valued at $1,938,231.45. The trade was a 22.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Terrance Lane Wilson sold 27,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $72.92, for a total transaction of $1,968,840.00. Following the transaction, the senior vice president owned 293,159 shares in the company, valued at $21,377,154.28. The trade was a 8.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,369 shares of company stock valued at $3,769,012 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on WMB. UBS Group upped their price target on shares of Williams Companies from $78.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research report on Monday, December 29th. Tudor Pickering raised Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Scotiabank upgraded Williams Companies from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $66.00 to $84.00 in a research report on Friday, February 13th. Finally, Jefferies Financial Group lifted their price target on Williams Companies from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Williams Companies currently has a consensus rating of “Moderate Buy” and an average target price of $76.50.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $74.08 on Friday. The business has a 50-day moving average price of $69.33 and a two-hundred day moving average price of $63.42. Williams Companies, Inc. has a 1-year low of $51.58 and a 1-year high of $76.87. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83. The company has a market cap of $90.49 billion, a P/E ratio of 34.62, a PEG ratio of 1.25 and a beta of 0.63.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Tuesday, February 10th. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Williams Companies had a net margin of 21.90% and a return on equity of 17.32%. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. As a group, analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.8%. This is a boost from Williams Companies’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 13th. Williams Companies’s payout ratio is presently 98.13%.

Williams Companies Company Profile

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.