Brasada Capital Management LP Trims Holdings in Williams Companies, Inc. (The) $WMB

Key Points

• Brasada Capital Management LP reduced its stake in Williams Companies, Inc. by 4.6%, bringing its total shares to 207,183 and making the company the fund's 14th largest position.
• Williams Companies reported Q2 earnings of $0.46 per share, missing estimates by $0.03, with revenues of $2.78 billion compared to expectations of $2.90 billion.
• The company announced a quarterly dividend of $0.50 per share, representing an annualized yield of 3.5%, with the ex-dividend date set for September 12th.

Brasada Capital Management LP lessened its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 4.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 207,183 shares of the pipeline company's stock after selling 10,101 shares during the quarter. Williams Companies accounts for 2.1% of Brasada Capital Management LP's portfolio, making the stock its 14th biggest holding. Brasada Capital Management LP's holdings in Williams Companies were worth $11,335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMB. Menard Financial Group LLC purchased a new stake in Williams Companies in the fourth quarter worth about $26,000. HWG Holdings LP purchased a new stake in Williams Companies in the first quarter worth about $26,000. Iron Horse Wealth Management LLC increased its position in Williams Companies by 4,490.9% in the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock worth $30,000 after buying an additional 494 shares in the last quarter. Abound Financial LLC purchased a new stake in Williams Companies in the first quarter worth about $32,000. Finally, Hughes Financial Services LLC purchased a new stake in Williams Companies in the first quarter worth about $32,000. Hedge funds and other institutional investors own 86.44% of the company's stock.

Williams Companies Trading Down 1.0%

Shares of NYSE:WMB traded down $0.56 during trading on Tuesday, hitting $57.32. The company had a trading volume of 7,832,220 shares, compared to its average volume of 6,248,660. The stock has a market cap of $69.90 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 1.93 and a beta of 0.65. Williams Companies, Inc. has a one year low of $43.98 and a one year high of $63.45. The company has a fifty day simple moving average of $58.53 and a two-hundred day simple moving average of $58.40. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Williams Companies's revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies's dividend payout ratio is 100.50%.

Insider Transactions at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of the firm'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 completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $59.68, for a total value of $119,360.00. Following the completion of the transaction, the senior vice president directly owned 313,645 shares in the company, valued at $18,718,333.60. This trade represents a 0.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock worth $507,875 over the last three months. 0.44% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on WMB shares. Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Wells Fargo & Company increased their target price on Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Wall Street Zen cut Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. CIBC upgraded Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 target price for the company in a research report on Friday, August 15th. Finally, TD Cowen began coverage on Williams Companies in a research report on Monday, July 7th. They set a "buy" rating and a $67.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $62.86.

Williams Companies 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.