Fifth Third Wealth Advisors LLC Has $3.21 Million Position in Williams Companies, Inc. (The) $WMB

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in Williams Companies by 11.4%, holding 51,160 shares valued at approximately $3.21 million as of the end of the most recent quarter.
• Williams Companies reported a quarterly earnings per share of $0.46, missing the consensus estimate, with revenue showing a year-over-year increase of 19%.
• The company recently declared a quarterly dividend of $0.50 per share, yielding 3.2%, with a payout ratio of 100.50%.

Fifth Third Wealth Advisors LLC lifted its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 11.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,160 shares of the pipeline company's stock after purchasing an additional 5,244 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Williams Companies were worth $3,213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Williams Companies by 40.9% during the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock valued at $740,000 after acquiring an additional 3,969 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Williams Companies by 8.0% in the 1st quarter. Farther Finance Advisors LLC now owns 20,288 shares of the pipeline company's stock worth $1,229,000 after purchasing an additional 1,500 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Williams Companies by 34.6% in the 1st quarter. Pallas Capital Advisors LLC now owns 5,394 shares of the pipeline company's stock worth $322,000 after purchasing an additional 1,388 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Williams Companies by 8.9% in the 1st quarter. GAMMA Investing LLC now owns 37,458 shares of the pipeline company's stock worth $2,238,000 after purchasing an additional 3,058 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of Williams Companies in the 1st quarter worth $223,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Trading Down 0.8%

WMB opened at $62.60 on Friday. The stock has a market capitalization of $76.33 billion, a P/E ratio of 31.46, a P/E/G ratio of 2.10 and a beta of 0.65. Williams Companies, Inc. has a 12 month low of $49.30 and a 12 month high of $65.55. The firm's fifty day simple moving average is $59.55 and its 200 day simple moving average is $59.08. 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 (NYSE:WMB - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company's revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, research analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies's payout ratio is currently 100.50%.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business'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 sale, the senior vice president directly owned 311,645 shares of the company's stock, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the business's stock in a transaction 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 completion of the sale, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock worth $497,715 over the last ninety days. 0.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WMB. Cibc World Mkts upgraded Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Wall Street Zen lowered Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. The Goldman Sachs Group raised their price target on Williams Companies from $59.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, October 2nd. UBS Group lifted their price target on shares of Williams Companies from $74.00 to $78.00 and gave the stock a "buy" rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Williams Companies in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $65.94.

About Williams Companies

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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