Williams Companies, Inc. (The) $WMB Shares Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its stake in Williams Companies, acquiring an additional 9,154 shares to boost its holdings by 16.9% during the first quarter, totaling 63,461 shares valued at $3,792,000.
• The company reported Q2 earnings of $0.46 per share, missing estimates by $0.03, with revenues of $2.78 billion compared to forecasts of $2.90 billion.
• A quarterly dividend of $0.50 per share was declared, representing an annualized yield of 3.5%; however, the company’s payout ratio is currently at 100.50%.

Ieq Capital LLC boosted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 16.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,461 shares of the pipeline company's stock after buying an additional 9,154 shares during the quarter. Ieq Capital LLC's holdings in Williams Companies were worth $3,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WMB. Menard Financial Group LLC bought a new stake in shares of Williams Companies during the fourth quarter worth $26,000. HWG Holdings LP bought a new stake in shares of Williams Companies during the first quarter worth $26,000. Iron Horse Wealth Management LLC lifted its position in shares of Williams Companies by 4,490.9% during the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock worth $30,000 after purchasing an additional 494 shares during the last quarter. Abound Financial LLC bought a new stake in shares of Williams Companies in the first quarter valued at about $32,000. Finally, Hughes Financial Services LLC bought a new stake in shares of Williams Companies in the first quarter valued at about $32,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Performance

NYSE WMB traded down $0.56 during trading hours on Tuesday, reaching $57.32. The stock had a trading volume of 7,832,220 shares, compared to its average volume of 7,654,961. The stock has a fifty day moving average of $58.53 and a 200 day moving average of $58.40. The stock has a market cap of $69.90 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 1.93 and a beta of 0.65. Williams Companies, Inc. has a 52-week low of $43.98 and a 52-week high of $63.45. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.78 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The company's revenue for the quarter was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on WMB shares. TD Cowen started coverage on Williams Companies in a report on Monday, July 7th. They issued a "buy" rating and a $67.00 price objective for the company. Scotiabank boosted their target price 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. Cibc World Mkts upgraded shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $63.00 target price on shares of Williams Companies in a report on Tuesday, July 15th. Finally, Wells Fargo & Company upped their price objective on shares of Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Williams Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.86.

Insider Activity at Williams Companies

In other news, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was 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 directly owned 77,612 shares of the company's stock, valued at $4,537,973.64. This represents a 5.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $59.68, for a total value of $119,360.00. Following the transaction, the senior vice president directly owned 313,645 shares of the company's stock, valued at approximately $18,718,333.60. The trade was a 0.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,500 shares of company stock worth $507,875. Insiders own 0.44% of the company's stock.

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.