Hedges Asset Management LLC Has $1.16 Million Stock Holdings in Williams Companies, Inc. (The) $WMB

Key Points

• Hedges Asset Management LLC reduced its stake in Williams Companies by 24.6%, now holding 18,400 shares valued at approximately $1.16 million after selling 6,000 shares in the second quarter.
• Insiders have sold 10,500 shares of Williams Companies stock in total over the past three months, with COO Larry C. Larsen and SVP Terrance Lane Wilson both reducing their holdings.
• Williams Companies recently announced a quarterly dividend of $0.50 per share, equating to an annualized yield of 3.4%, with a 100.50% dividend payout ratio.

Hedges Asset Management LLC lowered its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 24.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,400 shares of the pipeline company's stock after selling 6,000 shares during the period. Hedges Asset Management LLC's holdings in Williams Companies were worth $1,156,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new stake in Williams Companies in the first quarter valued at approximately $25,000. HWG Holdings LP acquired a new stake in Williams Companies in the first quarter valued at approximately $26,000. Menard Financial Group LLC acquired a new stake in Williams Companies in the fourth quarter valued at approximately $26,000. Saudi Central Bank acquired a new stake in Williams Companies in the first quarter valued at approximately $29,000. Finally, Iron Horse Wealth Management LLC boosted its position in Williams Companies by 4,490.9% in the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock valued at $30,000 after buying an additional 494 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Insiders Place Their Bets

In related 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 transaction of $263,115.00. Following the completion of the transaction, the chief operating officer owned 77,612 shares of the company's stock, valued at $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 directly owned 311,645 shares of the company's stock, valued at $17,956,984.90. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,500 shares of company stock valued at $623,115 in the last three months. 0.44% of the stock is owned by insiders.

Williams Companies Price Performance

Shares of NYSE WMB opened at $58.84 on Friday. Williams Companies, Inc. has a twelve month low of $44.51 and a twelve month high of $63.45. The firm has a fifty day simple moving average of $58.05 and a 200 day simple moving average of $58.42. The company has a market capitalization of $71.75 billion, a PE ratio of 29.57, a P/E/G ratio of 1.98 and a beta of 0.65. 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 (NYSE:WMB - Get Free Report) last announced its 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). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the business earned $0.43 EPS. Williams Companies'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. On average, sell-side analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays raised their target price on shares of Williams Companies from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Royal Bank Of Canada restated an "outperform" rating and issued a $63.00 target price on shares of Williams Companies in a research report on Tuesday, July 15th. TD Cowen started coverage on shares of Williams Companies in a report on Monday, July 7th. They set a "buy" rating and a $67.00 price target on the stock. CIBC upgraded shares of Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price target on the stock in a report on Friday, August 15th. Finally, Argus reiterated a "buy" rating and set a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Williams Companies currently has an average rating of "Moderate Buy" and a consensus 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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