Kestra Investment Management LLC Has $433,000 Stock Holdings in Williams Companies, Inc. (The) $WMB

Key Points

• Kestra Investment Management LLC reduced its stake in Williams Companies, Inc. by 39.1%, owning 7,239 shares valued at $433,000 as of its latest filing.
• Insider sales included Terrance Lane Wilson and Larry C. Larsen selling 2,000 and 4,500 shares respectively, reflecting a decrease in their personal holdings.
• The company recently announced a quarterly dividend of $0.50 per share, set to be paid on September 29th, with a 3.5% yield based on a $2.00 annualized dividend.

Kestra Investment Management LLC decreased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 39.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,239 shares of the pipeline company's stock after selling 4,649 shares during the period. Kestra Investment Management LLC's holdings in Williams Companies were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in WMB. Menard Financial Group LLC bought a new position in Williams Companies in the 4th quarter valued at approximately $26,000. HWG Holdings LP bought a new position in Williams Companies in the 1st quarter valued at approximately $26,000. Saudi Central Bank bought a new position in Williams Companies in the 1st quarter valued at approximately $29,000. Iron Horse Wealth Management LLC lifted its stake in Williams Companies by 4,490.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock valued at $30,000 after purchasing an additional 494 shares during the last quarter. Finally, Abound Financial LLC bought a new position in Williams Companies in the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Trading Down 0.8%

NYSE WMB traded down $0.49 during mid-day trading on Friday, reaching $58.84. 5,630,379 shares of the stock were exchanged, compared to its average volume of 5,478,224. Williams Companies, Inc. has a one year low of $44.51 and a one year high of $63.45. The stock has a 50 day simple moving average of $58.05 and a 200-day simple moving average of $58.44. The stock has a market cap of $71.75 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.96 and a beta of 0.65. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48.

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, analysts anticipate 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%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $63.00 price target on shares of Williams Companies in a research note on Tuesday, July 15th. Cibc World Mkts raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Finally, Wells Fargo & Company raised their price target on shares of Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Williams Companies currently has an average rating of "Moderate Buy" and a consensus target price of $62.86.

Insiders Place Their Bets

In related 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 completion of the transaction, the senior vice president owned 311,645 shares of the company's stock, valued at $17,956,984.90. This trade represents a 0.64% 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, COO Larry C. Larsen sold 4,500 shares of the firm's 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 completion of the sale, the chief operating officer owned 77,612 shares of the company's stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. 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.

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.