Autumn Glory Partners LLC Lowers Holdings in Williams Companies, Inc. (The) $WMB

Key Points

• Autumn Glory Partners LLC reduced its holdings in Williams Companies by 6.5%, now owning 60,320 shares valued at approximately $3.79 million, making it the firm's 10th largest position.
• Insider transactions showed COO Larry C. Larsen and SVP Terrance Lane Wilson selling shares, leading to a 5.48% and 0.64% decrease in their ownership, respectively.
• Williams Companies reported Q2 earnings with an EPS of $0.46, missing estimates, and announced a quarterly dividend of $0.50, reflecting an annualized yield of 3.1%.

Autumn Glory Partners LLC trimmed its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,320 shares of the pipeline company's stock after selling 4,200 shares during the period. Williams Companies comprises about 1.7% of Autumn Glory Partners LLC's investment portfolio, making the stock its 10th largest position. Autumn Glory Partners LLC's holdings in Williams Companies were worth $3,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Chapin Davis Inc. boosted its stake in Williams Companies by 1.6% in the second quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company's stock worth $688,000 after purchasing an additional 170 shares in the last quarter. TrueWealth Advisors LLC boosted its stake in Williams Companies by 0.7% in the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company's stock worth $1,559,000 after purchasing an additional 182 shares in the last quarter. Castleview Partners LLC boosted its stake in Williams Companies by 4.2% in the first quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock worth $268,000 after purchasing an additional 183 shares in the last quarter. Chesley Taft & Associates LLC boosted its stake in Williams Companies by 1.8% in the second quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company's stock worth $642,000 after purchasing an additional 184 shares in the last quarter. Finally, Quarry LP boosted its stake in Williams Companies by 20.3% in the first quarter. Quarry LP now owns 1,095 shares of the pipeline company's stock worth $65,000 after purchasing an additional 185 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Insider Transactions at Williams Companies

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Argus reaffirmed a "buy" rating and set a $66.00 price target on shares of Williams Companies in a research note on Thursday, August 14th. TD Cowen assumed coverage on Williams Companies in a research note on Monday, July 7th. They set a "buy" rating and a $67.00 price target on the stock. BMO Capital Markets assumed coverage on Williams Companies in a research note on Friday, September 19th. They set an "outperform" rating and a $66.00 price target on the stock. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Finally, CIBC raised Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price target on the stock in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $65.53.

Williams Companies Trading Up 0.8%

NYSE WMB opened at $64.54 on Monday. The stock has a 50-day simple moving average of $59.14 and a 200 day simple moving average of $58.96. The company has a market capitalization of $78.70 billion, a PE ratio of 32.43, a P/E/G ratio of 2.15 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 12 month low of $48.41 and a 12 month high of $65.55.

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

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, September 12th. Williams Companies's dividend payout ratio is currently 100.50%.

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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