Alpine Woods Capital Investors LLC Acquires 13,144 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Alpine Woods Capital Investors LLC has increased its holdings in Williams Companies by 19.9%, acquiring an additional 13,144 shares, bringing its total to 79,228 shares valued at approximately $4.98 million.
• Williams Companies recently missed earnings estimates for the quarter, reporting $0.46 EPS against the expected $0.49, with a revenue of $2.78 billion compared to analyst estimates of $2.90 billion.
• The company announced a quarterly dividend of $0.50 per share, resulting in a 3.2% dividend yield, despite having a payout ratio of 100.50%.

Alpine Woods Capital Investors LLC increased its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 19.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,228 shares of the pipeline company's stock after purchasing an additional 13,144 shares during the period. Alpine Woods Capital Investors LLC's holdings in Williams Companies were worth $4,976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMB. Brighton Jones LLC boosted its stake in shares of Williams Companies by 40.9% during the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock valued at $740,000 after purchasing an additional 3,969 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Williams Companies by 8.9% during the first quarter. GAMMA Investing LLC now owns 37,458 shares of the pipeline company's stock valued at $2,238,000 after purchasing an additional 3,058 shares in the last quarter. CVA Family Office LLC boosted its stake in shares of Williams Companies by 14.2% during the first quarter. CVA Family Office LLC now owns 2,089 shares of the pipeline company's stock valued at $125,000 after purchasing an additional 259 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Williams Companies by 27.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company's stock valued at $24,081,000 after purchasing an additional 87,031 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Williams Companies during the first quarter valued at approximately $68,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Up 0.0%

NYSE:WMB opened at $62.63 on Tuesday. Williams Companies, Inc. has a 12 month low of $50.24 and a 12 month high of $65.55. The firm has a fifty day simple moving average of $59.60 and a 200-day simple moving average of $59.09. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $76.37 billion, a P/E ratio of 31.47, a PEG ratio of 2.09 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company's quarterly revenue was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities research analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, September 12th. Williams Companies's payout ratio is presently 100.50%.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the completion of the sale, the senior vice president directly owned 311,645 shares in the company, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares of the company's stock, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock valued at $497,715 over the last quarter. Insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. TD Cowen assumed coverage on shares of Williams Companies in a research note on Monday, July 7th. They issued a "buy" rating and a $67.00 target price for the company. UBS Group raised their target price on shares of Williams Companies from $74.00 to $78.00 and gave the company a "buy" rating in a research note on Tuesday, September 30th. Weiss Ratings restated a "buy (b)" rating on shares of Williams Companies in a research note on Saturday, September 27th. Scotiabank raised their target price on shares of Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 15th. Finally, Morgan Stanley raised their target price on shares of Williams Companies from $70.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.94.

Williams Companies Company Profile

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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