Good Steward Wealth Advisors LLC Reduces Stock Position in Williams Companies, Inc. (The) $WMB

Key Points

• Good Steward Wealth Advisors LLC reduced its stake in Williams Companies, Inc. by 40.5%, owning 9,722 shares after selling 6,624 shares in the second quarter, valued at approximately $611,000.
• Williams Companies reported $0.46 earnings per share for the last quarter, missing analysts' expectations of $0.49, with a 19.0% increase in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.50 per share, with a yield of 3.4%, despite a payout ratio exceeding 100%.

Good Steward Wealth Advisors LLC lessened its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 40.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,722 shares of the pipeline company's stock after selling 6,624 shares during the quarter. Good Steward Wealth Advisors LLC's holdings in Williams Companies were worth $611,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Williams Companies by 1.2% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company's stock valued at $34,489,000 after acquiring an additional 6,816 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Williams Companies by 362.5% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company's stock valued at $87,608,000 after acquiring an additional 1,149,045 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Williams Companies by 27.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company's stock valued at $24,081,000 after acquiring an additional 87,031 shares during the last quarter. Kessler Investment Group LLC purchased a new stake in shares of Williams Companies during the 1st quarter valued at about $327,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Williams Companies by 14.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 85,839 shares of the pipeline company's stock valued at $5,130,000 after acquiring an additional 10,561 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company's stock.

Williams Companies Stock Performance

WMB opened at $58.84 on Friday. The firm has a market cap of $71.75 billion, a P/E ratio of 29.57, a PEG ratio of 1.98 and a beta of 0.65. Williams Companies, Inc. has a 1-year low of $44.51 and a 1-year high of $63.45. The company has a 50 day simple moving average of $58.05 and a two-hundred day simple moving average of $58.42. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.03). The firm 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 revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Williams Companies's dividend payout ratio is currently 100.50%.

Insiders Place Their Bets

In related news, COO Larry C. Larsen sold 4,500 shares of the company'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 transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This represents a 5.48% 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, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,500 shares of company stock valued at $623,115. 0.44% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Cibc World Mkts raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Argus reissued a "buy" rating and issued a $66.00 price objective on shares of Williams Companies in a report on Thursday, August 14th. Royal Bank Of Canada reissued an "outperform" rating and issued a $63.00 price objective on shares of Williams Companies in a report on Tuesday, July 15th. Wells Fargo & Company raised their price objective on shares of Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $62.86.

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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