Flputnam Investment Management Co. Has $13.81 Million Stock Position in Williams Companies, Inc. (The) $WMB

Key Points

• Flputnam Investment Management Co. raised its stake in Williams Companies, Inc. by 4.0%, now holding approximately $13.81 million worth of stock, following an increase of 8,926 shares in the first quarter.
• Williams Companies reported a missed earnings estimate of $0.46 EPS for the last quarter, falling short of the expected $0.49, while their revenue also came in below forecasts at $2.78 billion.
• The company announced a quarterly dividend of $0.50 per share, set to be paid on September 29th, representing a $2.00 annualized rate with a 3.5% yield.

Flputnam Investment Management Co. lifted its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 231,044 shares of the pipeline company's stock after purchasing an additional 8,926 shares during the quarter. Flputnam Investment Management Co.'s holdings in Williams Companies were worth $13,807,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of Williams Companies during the 1st quarter worth $335,419,000. Blackstone Inc. increased its position in shares of Williams Companies by 36.5% during the fourth quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company's stock valued at $1,025,795,000 after acquiring an additional 5,068,738 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Williams Companies by 45.0% in the first quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company's stock worth $677,623,000 after buying an additional 3,519,370 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in Williams Companies by 34.0% during the first quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company's stock valued at $674,566,000 after buying an additional 2,861,988 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Williams Companies by 6,407.2% during the first quarter. GAMMA Investing LLC now owns 2,238,490 shares of the pipeline company's stock worth $133,772,000 after purchasing an additional 2,204,090 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction 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 transaction, 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 SEC, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $59.68, for a total transaction of $119,360.00. Following the sale, the senior vice president directly owned 313,645 shares in the company, valued at approximately $18,718,333.60. This represents a 0.63% 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 $507,875 over the last quarter. 0.44% of the stock is owned by company insiders.

Williams Companies Stock Down 0.2%

WMB opened at $57.88 on Friday. The company has a market cap of $70.58 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.93 and a beta of 0.66. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a twelve month low of $43.98 and a twelve month high of $63.45. The company has a 50-day moving average price of $58.58 and a 200 day moving average price of $58.39.

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 analysts' expectations of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies's payout ratio is 100.50%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WMB. Wells Fargo & Company increased their price target on Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, August 8th. CIBC raised shares of 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. Cibc World Mkts raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Finally, Barclays lifted their price target on shares of Williams Companies from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Williams Companies currently has an average rating of "Moderate Buy" and an average price target of $62.86.

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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