Congress Asset Management Co. Purchases 4,531 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Congress Asset Management Co. increased its position in Williams Companies by 0.2% during the 2nd quarter, acquiring an additional 4,531 shares and now owns approximately 1,890,509 shares valued at $118.74 million.
• Williams Companies recently reported a quarterly earnings per share (EPS) of $0.46, missing analysts' expectations, and set its FY 2025 EPS guidance at 2.010-2.190.
• The company's board declared a quarterly dividend of $0.50 per share, with a yield of 3.2%, to be paid on September 29th to shareholders on record as of September 12th.

Congress Asset Management Co. grew its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,890,509 shares of the pipeline company's stock after acquiring an additional 4,531 shares during the period. Congress Asset Management Co. owned about 0.16% of Williams Companies worth $118,743,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WMB. Flaharty Asset Management LLC bought a new stake in shares of Williams Companies in the 1st quarter worth approximately $25,000. HWG Holdings LP bought a new position in shares of Williams Companies during the first quarter valued at approximately $26,000. Saudi Central Bank purchased a new stake in Williams Companies in the first quarter worth $29,000. Iron Horse Wealth Management LLC boosted its holdings 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 valued at $30,000 after acquiring an additional 494 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new position in Williams Companies during the 1st quarter valued at $32,000. 86.44% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the transaction, the senior vice president 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Larry C. Larsen sold 4,500 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the sale, the chief operating officer directly owned 77,612 shares of the company's stock, valued at $4,537,973.64. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock valued at $623,115 over the last ninety days. Corporate insiders own 0.44% of the company's stock.

Williams Companies Stock Performance

Williams Companies stock opened at $63.35 on Friday. Williams Companies, Inc. has a twelve month low of $44.56 and a twelve month high of $63.45. 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 company has a market capitalization of $77.24 billion, a P/E ratio of 31.83, a PEG ratio of 2.10 and a beta of 0.65. The stock's 50 day moving average is $58.44 and its 200 day moving average is $58.68.

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

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, September 12th. Williams Companies's dividend payout ratio (DPR) is currently 100.50%.

Analyst Ratings Changes

WMB has been the subject of several research analyst reports. TD Cowen started coverage on shares of Williams Companies in a research report on Monday, July 7th. They issued a "buy" rating and a $67.00 target price for the company. Wells Fargo & Company lifted their price objective on Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. CIBC upgraded Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 target price on the stock in a report on Friday, August 15th. BMO Capital Markets initiated 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. Finally, Scotiabank lifted their price target on Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Williams Companies has a consensus rating of "Moderate Buy" and an average target price of $63.07.

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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