Greenline Partners LLC Sells 39,361 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Greenline Partners LLC reduced its stake in Williams Companies by 19.5%, holding 162,159 shares valued at approximately $9.69 million, making it the firm's 17th largest holding.
• Williams Companies reported an EPS of $0.46 for the last quarter, missing estimates of $0.49, while achieving a revenue growth of 19.0% year-over-year.
• The company recently declared a $0.50 quarterly dividend, providing an annualized yield of 3.5%, despite a dividend payout ratio of 100.50%.

Greenline Partners LLC reduced its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 19.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,159 shares of the pipeline company's stock after selling 39,361 shares during the period. Williams Companies comprises about 1.4% of Greenline Partners LLC's investment portfolio, making the stock its 17th largest holding. Greenline Partners LLC's holdings in Williams Companies were worth $9,691,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

WMB has been the subject of several recent research reports. 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 research report on Friday, August 8th. Argus reissued a "buy" rating and set a $66.00 price target on shares of Williams Companies in a research report on Thursday, August 14th. Wall Street Zen cut Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Cibc World Mkts raised Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Finally, TD Cowen initiated coverage on Williams Companies in a research report on Monday, July 7th. They set a "buy" rating and a $67.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $62.86.

Williams Companies Stock Performance

Shares of WMB traded down $0.27 during mid-day trading on Monday, reaching $56.93. The company's stock had a trading volume of 4,668,252 shares, compared to its average volume of 7,620,628. Williams Companies, Inc. has a 1-year low of $43.98 and a 1-year high of $63.45. The stock has a market cap of $69.41 billion, a P/E ratio of 28.61, a PEG ratio of 1.91 and a beta of 0.65. The business has a 50-day simple moving average of $58.17 and a two-hundred day simple moving average of $58.39. 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 released its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.03). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the business earned $0.43 earnings per share. The business's quarterly revenue was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities research analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be paid 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 3.5%. Williams Companies's dividend payout ratio (DPR) is 100.50%.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the 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 transaction, the senior vice president 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,500 shares of company stock worth $623,115. 0.44% of the stock is owned by corporate insiders.

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.