Laffer Tengler Investments Inc. Makes New Investment in Williams Companies, Inc. (The) $WMB

Key Points

• Laffer Tengler Investments Inc. has made a new investment by purchasing 73,966 shares of Williams Companies, Inc. for approximately $4.42 million.
• Williams Companies reported a missed earnings estimate for the last quarter, with $0.46 EPS against a consensus of $0.49, alongside revenue of $2.78 billion.
• The company has declared a quarterly dividend of $0.50 per share, with an annualized yield of 3.5%, payable on September 29th.

Laffer Tengler Investments Inc. purchased a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 73,966 shares of the pipeline company's stock, valued at approximately $4,420,000.

Several other institutional investors have also recently bought and sold shares of the business. RPG Investment Advisory LLC acquired a new stake in Williams Companies in the 1st quarter valued at about $380,000. Compound Planning Inc. grew its holdings in shares of Williams Companies by 32.2% in the 1st quarter. Compound Planning Inc. now owns 23,158 shares of the pipeline company's stock valued at $1,384,000 after buying an additional 5,647 shares during the period. Norinchukin Bank The increased its stake in Williams Companies by 10.0% during the 1st quarter. Norinchukin Bank The now owns 47,147 shares of the pipeline company's stock worth $2,818,000 after purchasing an additional 4,283 shares in the last quarter. CW Advisors LLC boosted its stake in Williams Companies by 2,100.1% in the 1st quarter. CW Advisors LLC now owns 285,909 shares of the pipeline company's stock worth $17,088,000 after purchasing an additional 272,914 shares during the period. Finally, Summit Financial LLC lifted its holdings in shares of Williams Companies by 1.2% in the first quarter. Summit Financial LLC now owns 82,624 shares of the pipeline company's stock valued at $4,938,000 after purchasing an additional 965 shares in the last quarter. Institutional investors own 86.44% of the company's stock.

Williams Companies Stock Up 1.0%

WMB opened at $57.7750 on Friday. Williams Companies, Inc. has a fifty-two week low of $43.98 and a fifty-two 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 capitalization of $70.45 billion, a P/E ratio of 29.03, a P/E/G ratio of 1.91 and a beta of 0.66. The stock has a fifty day moving average of $58.81 and a 200-day moving average of $58.30.

Williams Companies (NYSE:WMB - Get Free Report) last issued 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). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The company'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, equities analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies's dividend payout ratio is 100.50%.

Insider Buying and Selling at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $58.47, for a total value 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 represents a 5.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $59.68, for a total transaction of $119,360.00. Following the completion of the sale, the senior vice president owned 313,645 shares in the company, valued at $18,718,333.60. This represents a 0.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock valued at $507,875 over the last 90 days. Corporate insiders own 0.44% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Scotiabank raised their price objective on Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, July 15th. Cibc World Mkts raised Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Wells Fargo & Company raised their price target on Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, TD Cowen began coverage on Williams Companies in a research note on Monday, July 7th. They set a "buy" rating and a $67.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Williams Companies has a consensus rating of "Moderate Buy" and a consensus price target of $62.86.

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.

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