Invst LLC Has $950,000 Stock Position in Williams Companies, Inc. (The) $WMB

Key Points

• Invst LLC reduced its stake in Williams Companies, Inc. by 23.4%, holding a position worth approximately $950,000 after selling 4,865 shares.
• The company reported $0.46 EPS for the last quarter, missing expectations, and had a revenue of $2.78 billion, below analyst estimates of $2.90 billion.
• Williams Companies has declared a quarterly dividend of $0.50 per share, with a dividend yield of 3.4%, and a payout ratio of 100.50%.

Invst LLC trimmed its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 23.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,891 shares of the pipeline company's stock after selling 4,865 shares during the quarter. Invst LLC's holdings in Williams Companies were worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

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

Williams Companies Stock Down 0.8%

NYSE:WMB opened at $58.84 on Friday. The stock's fifty day moving average price is $58.05 and its two-hundred day moving average price is $58.41. Williams Companies, Inc. has a 52-week low of $44.51 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. The company has a market cap of $71.75 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 1.98 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data 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). 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 analyst estimates of $2.90 billion. During the same period in the prior year, the company posted $0.43 EPS. The firm's quarterly revenue was up 19.0% compared to the same quarter last year. 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 will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend 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 100.50%.

Analyst Upgrades and Downgrades

WMB has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. CIBC raised Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 target price on the stock in a report on Friday, August 15th. TD Cowen initiated coverage on Williams Companies in a report on Monday, July 7th. They issued a "buy" rating and a $67.00 target price on the stock. Argus reissued a "buy" rating and issued a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. Finally, Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of "Moderate Buy" and an average price target of $62.86.

Insiders Place Their Bets

In other news, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction 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 of the company's stock, valued at $4,537,973.64. This represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,500 shares of company stock worth $623,115. 0.44% of the stock is currently owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.