Dakota Wealth Management Acquires 59,338 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Dakota Wealth Management significantly increased its stake in Williams Companies, Inc. by 299.2% during Q2, acquiring an additional 59,338 shares, bringing their total holdings to 79,171 shares valued at approximately $4.97 million.
• Insider transactions show that senior executives sold shares recently, with SVP Terrance Lane Wilson selling 2,000 shares for about $115,240 and COO Larry C. Larsen selling 4,500 shares valued at approximately $263,115.
• The company reported Q2 earnings of $0.46 per share, missing estimates and showing a 19% revenue increase from the previous year, while also declaring a quarterly dividend of $0.50 with a yield of 3.2%.

Dakota Wealth Management lifted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 299.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,171 shares of the pipeline company's stock after acquiring an additional 59,338 shares during the period. Dakota Wealth Management's holdings in Williams Companies were worth $4,973,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Seven Post Investment Office LP bought a new position in shares of Williams Companies in the second quarter valued at approximately $3,879,000. Carr Financial Group Corp purchased a new stake in Williams Companies in the 2nd quarter valued at $229,000. Evanson Asset Management LLC bought a new position in Williams Companies during the 2nd quarter valued at $203,000. Public Employees Retirement System of Ohio boosted its holdings in Williams Companies by 33.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 533,268 shares of the pipeline company's stock worth $33,495,000 after acquiring an additional 132,207 shares during the last quarter. Finally, Northside Capital Management LLC bought a new stake in shares of Williams Companies in the 2nd quarter worth $825,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the 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 sale, the senior vice president owned 311,645 shares of the company's stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares of the company's stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,500 shares of company stock valued at $623,115 over the last quarter. 0.44% of the stock is owned by company insiders.

Williams Companies Stock Performance

Shares of WMB opened at $63.35 on Friday. Williams Companies, Inc. has a 1 year low of $44.56 and a 1 year high of $63.45. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The stock's fifty day moving average price is $58.44 and its two-hundred day moving average price is $58.68. The firm has a market cap of $77.24 billion, a PE ratio of 31.83, a PEG ratio of 2.10 and a beta of 0.65.

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). The firm 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%.The company's revenue was up 19.0% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities research analysts forecast 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. The ex-dividend date of this dividend is Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.2%. Williams Companies's dividend payout ratio (DPR) is 100.50%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WMB. Royal Bank Of Canada restated an "outperform" rating and set a $63.00 price target on shares of Williams Companies in a report on Tuesday, July 15th. 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 on the stock. Wells Fargo & Company upped their target price on Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Barclays lifted their price target on Williams Companies from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Finally, CIBC raised Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price objective on the stock in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average 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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