Generali Asset Management SPA SGR Sells 42,984 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Generali Asset Management SPA SGR reduced its holdings in Williams Companies, Inc. by 26.9%, selling 42,984 shares to own a total of 116,959 shares worth approximately $7.35 million.
• Insider sales included SVP Terrance Lane Wilson and COO Larry C. Larsen selling a combined 6,500 shares, indicating a decrease in their ownership in the company.
• Williams Companies declared a quarterly dividend of $0.50 per share, with a current dividend yield of 3.1%, and has set its FY 2025 guidance at EPS of 2.010-2.190.

Generali Asset Management SPA SGR decreased its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 26.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,959 shares of the pipeline company's stock after selling 42,984 shares during the period. Generali Asset Management SPA SGR's holdings in Williams Companies were worth $7,346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chapin Davis Inc. lifted its position in shares of Williams Companies by 1.6% during the second quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company's stock valued at $688,000 after buying an additional 170 shares during the last quarter. TrueWealth Advisors LLC lifted its position in Williams Companies by 0.7% during the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company's stock valued at $1,559,000 after acquiring an additional 182 shares during the last quarter. Castleview Partners LLC lifted its position in Williams Companies by 4.2% during the first quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock valued at $268,000 after acquiring an additional 183 shares during the last quarter. Chesley Taft & Associates LLC lifted its position in Williams Companies by 1.8% during the second quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company's stock valued at $642,000 after acquiring an additional 184 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Williams Companies by 20.3% during the 1st 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 last quarter. 86.44% of the stock is currently owned by institutional investors.

Insider Activity at Williams Companies

In related news, 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 transaction of $115,240.00. Following the completion of the transaction, the senior vice president directly owned 311,645 shares in the company, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction that occurred 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 transaction, the chief operating officer directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,500 shares of company stock valued at $497,715. 0.44% of the stock is owned by company insiders.

Williams Companies Stock Performance

WMB opened at $63.77 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The firm has a 50 day moving average of $59.77 and a two-hundred day moving average of $59.15. Williams Companies, Inc. has a 12-month low of $50.80 and a 12-month high of $65.55. The firm has a market capitalization of $77.76 billion, a PE ratio of 32.05, a P/E/G ratio of 2.08 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 (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The business had revenue of $2.78 billion for 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 for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on WMB. CIBC upgraded Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price objective for the company in a report on Friday, August 15th. Cibc World Mkts raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Argus reaffirmed a "buy" rating and issued a $66.00 price objective on shares of Williams Companies in a research report on Thursday, August 14th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Williams Companies in a report on Tuesday. Finally, Scotiabank raised their price target on shares of Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.00.

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.

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