Axxcess Wealth Management LLC Has $2.14 Million Stake in Williams Companies, Inc. (The) $WMB

Key Points

• Axxcess Wealth Management LLC reduced its stake in Williams Companies, Inc. by 18.8% to 34,140 shares, with a current value of $2.14 million.
• The company reported an EPS of $0.46 for the last quarter, missing expectations slightly, with revenue totaling $2.78 billion, up 19% year-over-year.
• Williams Companies also recently declared a quarterly dividend of $0.50, resulting in an annualized yield of 3.1%, although their payout ratio is notably high at 100.50%.

Axxcess Wealth Management LLC trimmed its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 18.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,140 shares of the pipeline company's stock after selling 7,893 shares during the period. Axxcess Wealth Management LLC's holdings in Williams Companies were worth $2,144,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Williams Companies in the 1st quarter valued at $335,419,000. Goldman Sachs Group Inc. raised its holdings in Williams Companies by 45.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company's stock valued at $677,623,000 after acquiring an additional 3,519,370 shares in the last quarter. Bahl & Gaynor Inc. raised its holdings in Williams Companies by 34.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company's stock valued at $674,566,000 after acquiring an additional 2,861,988 shares in the last quarter. Voya Investment Management LLC raised its holdings in Williams Companies by 275.7% in the 1st quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company's stock valued at $155,933,000 after acquiring an additional 1,914,730 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Williams Companies by 6.0% in the 1st quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company's stock valued at $1,770,336,000 after acquiring an additional 1,680,477 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Trading Up 2.3%

NYSE WMB opened at $63.77 on Thursday. The business's 50-day moving average price is $59.77 and its two-hundred day moving average price is $59.15. Williams Companies, Inc. has a 12 month low of $50.80 and a 12 month high of $65.55. The firm has a market capitalization of $77.76 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 2.08 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 (NYSE:WMB - Get Free Report) last released its quarterly earnings results 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 quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

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

Analysts Set New Price Targets

WMB has been the topic of several recent analyst reports. Barclays lifted their price target on Williams Companies from $65.00 to $66.00 and gave the company an "equal weight" rating in a research note on Tuesday. CIBC upgraded 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. Argus restated a "buy" rating and set a $66.00 price objective on shares of Williams Companies in a research report on Thursday, August 14th. TD Cowen started coverage on Williams Companies in a research report on Monday, July 7th. They set a "buy" rating and a $67.00 price objective on the stock. Finally, Wall Street Zen lowered Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $66.00.

Insider Transactions at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction that occurred 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 represents a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the transaction, the senior vice president directly owned 311,645 shares in the company, valued at approximately $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 a total of 8,500 shares of company stock worth $497,715 over the last three months. 0.44% of the stock is owned by company insiders.

About Williams Companies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.