Columbus Macro LLC Acquires 16,512 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Columbus Macro LLC has increased its stake in Williams Companies by 11.9%, acquiring an additional 16,512 shares, bringing its total holdings to 155,655 shares worth approximately $9.77 million.
• Williams Companies reported a quarterly earnings per share of $0.46, missing analyst expectations of $0.49, with revenue for the quarter at $2.78 billion, below the forecast of $2.90 billion.
• The company recently declared a $0.50 quarterly dividend, amounting to an annualized dividend yield of 3.2%, with a payout ratio exceeding 100%.

Columbus Macro LLC lifted its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 11.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,655 shares of the pipeline company's stock after acquiring an additional 16,512 shares during the period. Williams Companies makes up approximately 1.2% of Columbus Macro LLC's portfolio, making the stock its 19th biggest position. Columbus Macro LLC's holdings in Williams Companies were worth $9,777,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Williams Companies by 1.2% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company's stock worth $34,489,000 after acquiring an additional 6,816 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Williams Companies by 362.5% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company's stock valued at $87,608,000 after buying an additional 1,149,045 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Williams Companies by 27.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company's stock valued at $24,081,000 after buying an additional 87,031 shares during the period. Kessler Investment Group LLC acquired a new stake in shares of Williams Companies in the 1st quarter valued at about $327,000. Finally, Good Steward Wealth Advisors LLC acquired a new stake in shares of Williams Companies in the 1st quarter valued at about $977,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Price Performance

Shares of NYSE WMB opened at $63.49 on Thursday. Williams Companies, Inc. has a twelve month low of $48.71 and a twelve month high of $65.55. The stock's 50 day moving average price is $59.44 and its 200-day moving average price is $59.05. The company has a market capitalization of $77.42 billion, a PE ratio of 31.90, a PEG ratio of 2.13 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.

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

Williams Companies Dividend Announcement

The business also recently declared 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 dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies's payout ratio is 100.50%.

Insider Buying and Selling

In related news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the sale, the chief operating officer owned 77,612 shares of the company's stock, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Thursday, September 4th. The stock was 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 $17,956,984.90. This trade represents a 0.64% 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 $497,715 in the last ninety days. 0.44% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings restated a "buy (b)" rating on shares of Williams Companies in a research note on Saturday, September 27th. Wells Fargo & Company raised their target price on Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. BMO Capital Markets assumed coverage on Williams Companies in a research note on Friday, September 19th. They issued an "outperform" rating and a $66.00 target price for the company. Wall Street Zen downgraded Williams Companies from a "hold" rating to a "sell" rating in a research note on Saturday, October 4th. Finally, Barclays boosted their price objective on Williams Companies from $59.00 to $65.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.53.

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.

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