Williams Companies, Inc. (The) $WMB Shares Sold by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC reduced its stake in Williams Companies, Inc. by 53.2%, owning 6,490 shares after selling 7,386 shares in the first quarter.
• Williams Companies reported earnings per share of $0.46 for the quarter, missing analyst expectations of $0.49, with revenue also falling short at $2.78 billion versus $2.90 billion expected.
• The company declared a quarterly dividend of $0.50 per share, representing an annual yield of 3.5%, with a payout ratio of 100.50%.

Curi RMB Capital LLC trimmed its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 53.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,490 shares of the pipeline company's stock after selling 7,386 shares during the period. Curi RMB Capital LLC's holdings in Williams Companies were worth $388,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in WMB. EP Wealth Advisors LLC increased its position in Williams Companies by 1.0% in the 4th quarter. EP Wealth Advisors LLC now owns 17,889 shares of the pipeline company's stock valued at $968,000 after acquiring an additional 183 shares during the period. Castleview Partners LLC grew its stake in shares of Williams Companies by 4.2% in the 1st quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock valued at $268,000 after purchasing an additional 183 shares during the last quarter. Quarry LP increased its holdings in shares of Williams Companies by 20.3% in the first quarter. Quarry LP now owns 1,095 shares of the pipeline company's stock valued at $65,000 after purchasing an additional 185 shares during the period. Napa Wealth Management raised its stake in shares of Williams Companies by 2.7% during the fourth quarter. Napa Wealth Management now owns 7,190 shares of the pipeline company's stock worth $389,000 after purchasing an additional 190 shares during the last quarter. Finally, Mirador Capital Partners LP raised its stake in shares of Williams Companies by 1.2% during the first quarter. Mirador Capital Partners LP now owns 16,712 shares of the pipeline company's stock worth $999,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Price Performance

Shares of WMB traded down $0.49 during trading hours on Friday, reaching $58.84. The company had a trading volume of 5,630,379 shares, compared to its average volume of 5,573,647. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 12-month low of $44.51 and a 12-month high of $63.45. The firm has a 50 day simple moving average of $58.05 and a 200-day simple moving average of $58.41. The company has a market capitalization of $71.75 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 1.98 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last issued its earnings results 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 return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company's quarterly 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. Research analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies's dividend payout ratio (DPR) is presently 100.50%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the business's stock in a transaction 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 sale, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction 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 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. Over the last ninety days, insiders have sold 10,500 shares of company stock valued at $623,115. 0.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WMB has been the topic of several recent research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $63.00 price objective on shares of Williams Companies in a research note on Tuesday, July 15th. Scotiabank lifted their target price on shares of Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, July 15th. Wall Street Zen cut shares of Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Cibc World Mkts raised Williams Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Finally, Wells Fargo & Company boosted 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. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.