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Fairvoy Private Wealth LLC Has $1.32 Million Stock Position in Williams Companies, Inc. (The) $WMB

Williams Companies logo with Energy background

Key Points

  • Fairvoy Private Wealth LLC increased its stake in Williams Companies by 515.5%, now holding 21,020 shares valued at approximately $1.32 million.
  • Williams Companies reported a quarterly EPS of $0.46, missing the consensus estimate by $0.03, with a reported revenue of $2.78 billion.
  • The company announced a quarterly dividend of $0.50 per share, leading to an annualized dividend yield of 3.1%.
  • Five stocks we like better than Williams Companies.

Fairvoy Private Wealth LLC lifted its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 515.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,020 shares of the pipeline company's stock after purchasing an additional 17,605 shares during the quarter. Fairvoy Private Wealth LLC's holdings in Williams Companies were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Williams Companies by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 131,163,184 shares of the pipeline company's stock valued at $7,838,312,000 after purchasing an additional 807,019 shares during the period. Wellington Management Group LLP boosted its position in shares of Williams Companies by 6.0% in the 1st quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company's stock valued at $1,770,336,000 after purchasing an additional 1,680,477 shares during the period. Deutsche Bank AG boosted its position in shares of Williams Companies by 5.6% in the 1st quarter. Deutsche Bank AG now owns 17,520,491 shares of the pipeline company's stock valued at $1,047,025,000 after purchasing an additional 932,998 shares during the period. Northern Trust Corp boosted its position in shares of Williams Companies by 0.4% in the 1st quarter. Northern Trust Corp now owns 15,291,842 shares of the pipeline company's stock valued at $913,840,000 after purchasing an additional 54,902 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Williams Companies by 45.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company's stock valued at $677,623,000 after purchasing an additional 3,519,370 shares during the period. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Stock Up 0.8%

Shares of WMB stock opened at $64.54 on Friday. The stock's 50 day simple moving average is $59.14 and its 200 day simple moving average is $58.97. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. Williams Companies, Inc. has a twelve month low of $48.41 and a twelve month high of $65.55. The company has a market capitalization of $78.70 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 2.14 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly 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). The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, research analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies's dividend payout ratio (DPR) is presently 100.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Williams Companies from $59.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday. Scotiabank increased their price objective on Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 15th. Barclays increased their price objective on Williams Companies from $59.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Tuesday. 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. Finally, CIBC raised Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price objective for the company in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $65.53.

Get Our Latest Stock Report on WMB

Insider Activity at Williams Companies

In other news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction that occurred 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 owned 77,612 shares of the company's stock, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares in the company, 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 have sold a total of 8,500 shares of company stock worth $497,715 in the last three months. 0.44% of the stock is owned by insiders.

About Williams Companies

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies, Inc. (The) (NYSE:WMB - Free Report).

Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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