Williams companies senior VP Larsen sells $455,520 in common stock

Published 13/03/2025, 20:02
Williams companies senior VP Larsen sells $455,520 in common stock

TULSA, OK—Larsen Larry C, Senior Vice President at Williams Companies, Inc. (NYSE:WMB), recently sold 8,000 shares of the company’s common stock. The transaction, which took place on March 12, 2025, was executed at an average price of $56.94 per share, resulting in a total sale value of approximately $455,520. The sale comes as the company’s stock has shown remarkable strength, delivering a 57% return over the past year. According to InvestingPro analysis, WMB currently trades above its Fair Value.

Following this transaction, Larsen holds 81,265 shares of Williams Companies stock. The sale was conducted in multiple trades, with prices ranging from $56.93 to $56.962, according to a footnote in the filing. The company, with a market capitalization of $68.2 billion, maintains a solid 3.55% dividend yield and has consistently paid dividends for 52 consecutive years.

Williams Companies, headquartered in Tulsa, Oklahoma, operates in the natural gas transmission industry. For deeper insights into insider trading patterns and 12 additional InvestingPro Tips for WMB, subscribers can access the comprehensive Pro Research Report.

In other recent news, Williams Companies has announced the issuance of $1.5 billion in senior notes, a strategic financial move aimed at managing its capital structure. The offering includes $1 billion in 5.600% Senior Notes due 2035 and $500 million in 6.000% Senior Notes due 2055. Concurrently, Raymond (NSE:RYMD) James analyst Justin Jenkins reaffirmed an Outperform rating with a $62 price target for Williams Companies, highlighting a significant $1.6 billion investment in natural gas and power infrastructure. This investment includes the construction of two power generation facilities in Ohio, expected to generate 400 MW of electricity. Stifel analysts also raised their price target to $62, maintaining a Buy rating, following the company’s fourth-quarter results for 2024, which met expectations and included increased EBITDA guidance for 2025. Additionally, Mizuho (NYSE:MFG) Securities increased its price target for Williams Companies to $63, citing potential growth in the AI and data center sectors. The analyst noted the company’s discussions with hyperscalers for potential partnerships that could lead to substantial financial benefits. These developments reflect the company’s strategic positioning and ongoing efforts to enhance its market presence.

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