Jmac Enterprises LLC Makes New Investment in Williams Companies, Inc. (The) $WMB

Key Points

• Jmac Enterprises LLC has made a new investment in Williams Companies, acquiring 3,942 shares valued at approximately $248,000 during the 2nd quarter.
• Williams Companies recently reported a Q2 earnings miss with EPS of $0.46, below the consensus estimate of $0.49, alongside revenue of $2.78 billion versus expectations of $2.90 billion.
• The company declared a quarterly dividend of $0.50 per share, yielding approximately 3.1%, with a payout ratio currently at 100.50%.

Jmac Enterprises LLC purchased a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,942 shares of the pipeline company's stock, valued at approximately $248,000.

Several other hedge funds have also recently added to or reduced their stakes in WMB. Flaharty Asset Management LLC bought a new position in Williams Companies during the 1st quarter worth approximately $25,000. HWG Holdings LP bought a new position in Williams Companies during the 1st quarter worth approximately $26,000. Saudi Central Bank bought a new position in Williams Companies during the 1st quarter worth approximately $29,000. Iron Horse Wealth Management LLC raised its holdings in Williams Companies by 4,490.9% during the 1st 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. Finally, Abound Financial LLC bought a new position in Williams Companies during the 1st quarter worth approximately $32,000. Institutional investors own 86.44% of the company's stock.

Williams Companies Stock Performance

NYSE WMB opened at $64.09 on Friday. The company has a fifty day simple moving average of $59.00 and a 200 day simple moving average of $58.93. Williams Companies, Inc. has a 12-month low of $47.52 and a 12-month high of $65.55. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The company has a market cap of $78.14 billion, a P/E ratio of 32.20, a PEG ratio of 2.13 and a beta of 0.65.

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 (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. 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 fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies's payout ratio is currently 100.50%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cibc World Mkts upgraded shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Wall Street Zen upgraded shares of Williams Companies from a "sell" rating to a "hold" rating in a research note on Friday, September 26th. TD Cowen assumed coverage on shares of Williams Companies in a research note on Monday, July 7th. They issued a "buy" rating and a $67.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, UBS Group lifted their price objective on shares of Williams Companies from $74.00 to $78.00 and gave the company a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Williams Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.53.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Thursday, September 4th. The shares were 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. The trade was a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction 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 transaction, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,500 shares of company stock worth $497,715 over the last ninety days. Insiders own 0.44% of the company's stock.

Williams Companies 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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