Cultivar Capital Inc. Buys New Stake in Williams Companies, Inc. (The) $WMB

Key Points

• Cultivar Capital Inc. has acquired a new stake in Williams Companies, Inc., purchasing 8,111 shares valued at approximately $509,000, which represents 0.4% of their portfolio.
• Several institutional investors have recently increased their stakes in Williams Companies; notably, Man Group plc boosted its position by 189.1% in the fourth quarter.
• Williams Companies reported a quarterly earnings miss, with an EPS of $0.46 compared to the consensus estimate of $0.49, while also announcing a quarterly dividend of $0.50.

Cultivar Capital Inc. bought a new stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,111 shares of the pipeline company's stock, valued at approximately $509,000. Williams Companies accounts for about 0.4% of Cultivar Capital Inc.'s portfolio, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMB. Brighton Jones LLC boosted its position in Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock valued at $740,000 after buying an additional 3,969 shares in the last quarter. Gotham Asset Management LLC boosted its position in Williams Companies by 11.0% in the fourth quarter. Gotham Asset Management LLC now owns 7,460 shares of the pipeline company's stock valued at $404,000 after buying an additional 740 shares in the last quarter. Man Group plc boosted its position in Williams Companies by 189.1% in the fourth quarter. Man Group plc now owns 223,437 shares of the pipeline company's stock valued at $12,092,000 after buying an additional 146,152 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Williams Companies in the fourth quarter valued at about $276,000. Finally, Toronto Dominion Bank boosted its position in Williams Companies by 82.5% in the fourth quarter. Toronto Dominion Bank now owns 799,160 shares of the pipeline company's stock valued at $43,251,000 after buying an additional 361,370 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the company'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 value of $263,115.00. Following the completion of the sale, the chief operating officer owned 77,612 shares of the company's stock, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 that occurred on Thursday, September 4th. The shares were 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 of the company's stock, valued at $17,956,984.90. The trade was a 0.64% 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 in the last ninety days. Insiders own 0.44% of the company's stock.

Williams Companies Trading Down 0.8%

Shares of NYSE WMB opened at $58.84 on Monday. The company's 50 day simple moving average is $58.05 and its 200 day simple moving average is $58.44. Williams Companies, Inc. has a fifty-two week low of $44.51 and a fifty-two week high of $63.45. The firm has a market capitalization of $71.75 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.96 and a beta of 0.65. 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 announced its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the company earned $0.43 earnings per share. The company's quarterly revenue was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, September 12th. Williams Companies's dividend payout ratio is currently 100.50%.

Analyst Upgrades and Downgrades

A number of research firms have commented on WMB. Royal Bank Of Canada restated an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a research report on Tuesday, July 15th. Wolfe Research upgraded shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Scotiabank upped their target price on shares of Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. 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. Finally, Argus reiterated a "buy" rating and set a $66.00 target price on shares of Williams Companies in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Williams Companies 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.

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