Chickasaw Capital Management LLC Sells 35,153 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Chickasaw Capital Management LLC reduced its stake in Williams Companies by 1.1%, now owning approximately 3.3 million shares valued at $207.5 million, making it the fund's fifth-largest holding.
• Multiple hedge funds have recently increased their positions in Williams Companies, with Worldquant Millennium Advisors LLC seeing a significant growth of 172.3% in its holdings during the 4th quarter.
• Williams Companies announced a quarterly dividend of $0.50 per share, representing a yield of 3.4%, with all investors of record set to receive payment on September 29th.

Chickasaw Capital Management LLC lowered its position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,303,234 shares of the pipeline company's stock after selling 35,153 shares during the quarter. Williams Companies accounts for approximately 8.2% of Chickasaw Capital Management LLC's holdings, making the stock its 5th biggest holding. Chickasaw Capital Management LLC owned about 0.27% of Williams Companies worth $207,476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMB. Flaharty Asset Management LLC acquired a new stake in Williams Companies during the first quarter worth about $25,000. Menard Financial Group LLC bought a new stake in shares of Williams Companies during the 4th quarter worth $26,000. HWG Holdings LP acquired a new stake in Williams Companies during the 1st quarter worth about $26,000. Saudi Central Bank acquired a new stake in shares of Williams Companies during the first quarter valued at approximately $29,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Williams Companies by 4,490.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock worth $30,000 after purchasing an additional 494 shares during the period. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Stock Down 0.3%

WMB traded down $0.19 during trading hours on Friday, hitting $60.19. 14,759,060 shares of the company's stock were exchanged, compared to its average volume of 5,639,600. The stock has a market cap of $73.39 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.02 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The stock's 50-day moving average is $58.17 and its two-hundred day moving average is $58.48. Williams Companies, Inc. has a 1-year low of $44.51 and a 1-year high of $63.45.

Williams Companies (NYSE:WMB - Get Free Report) last announced 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 firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business's revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Williams Companies's dividend payout ratio is presently 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 dated Monday, August 11th. The shares were 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 ownership of the stock. The transaction 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 firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction 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 represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,500 shares of company stock worth $623,115. 0.44% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on WMB. Cibc World Mkts upgraded shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Wall Street Zen downgraded shares of Williams Companies from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. TD Cowen began coverage on shares of Williams Companies in a report on Monday, July 7th. They set a "buy" rating and a $67.00 price objective for the company. Finally, CIBC upgraded shares of Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price target for the company in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Williams Companies currently has a consensus rating of "Moderate Buy" and an average target price of $63.07.

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.