MADDEN SECURITIES Corp Sells 54,470 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• MADDEN SECURITIES Corp reduced its stake in Williams Companies by 88.5%, selling 54,470 shares and leaving it with only 7,050 shares valued at $443,000.
• Williams Companies reported $0.46 earnings per share for the last quarter, missing consensus estimates of $0.49, and its revenue was $2.78 billion, below the expected $2.90 billion.
• The company declared a quarterly dividend of $0.50 per share, resulting in a 3.1% yield, while the dividend payout ratio currently stands at 100.50%.

MADDEN SECURITIES Corp cut its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 88.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,050 shares of the pipeline company's stock after selling 54,470 shares during the quarter. MADDEN SECURITIES Corp's holdings in Williams Companies were worth $443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC bought a new position in shares of Williams Companies in the first quarter worth approximately $25,000. HWG Holdings LP purchased a new position in shares of Williams Companies during the 1st quarter valued at $26,000. Saudi Central Bank bought a new position in Williams Companies in the 1st quarter worth $29,000. Iron Horse Wealth Management LLC increased 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 worth $30,000 after buying an additional 494 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in Williams Companies in the 1st quarter worth $32,000. Institutional investors own 86.44% of the company's stock.

Williams Companies Stock Down 1.4%

Shares of WMB opened at $63.59 on Tuesday. The stock has a market capitalization of $77.54 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 2.15 and a beta of 0.65. Williams Companies, Inc. has a 1 year low of $48.51 and a 1 year high of $65.55. The business's 50 day simple moving average is $59.26 and its 200-day simple moving average is $58.99. 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 posted 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 net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same period last year, the business posted $0.43 earnings per share. The company's revenue for the quarter 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. As a group, equities analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were given a $0.50 dividend. The ex-dividend date was Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.1%. Williams Companies's dividend payout ratio (DPR) is currently 100.50%.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Thursday, September 4th. The stock was 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 owned 311,645 shares in the company, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction 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 sale, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock worth $497,715 over the last three months. 0.44% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. TD Cowen assumed coverage on Williams Companies in a research report on Monday, July 7th. They issued a "buy" rating and a $67.00 price objective on the stock. Scotiabank boosted their price target on Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 15th. Weiss Ratings restated a "buy (b)" rating on shares of Williams Companies in a research note on Saturday, September 27th. Barclays lifted their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 30th. Finally, CIBC upgraded shares of Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 target price for the company in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.53.

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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