Monetary Management Group Inc. Sells 11,450 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Monetary Management Group Inc. reduced its stake in Williams Companies, Inc. by 28% during the first quarter, now owning 29,500 shares worth approximately $1.76 million.
• Major institutional investors also adjusted their stakes, with Wealth Enhancement Advisory Services increasing its position by 27.5%, bringing its total holdings to over 402,000 shares.
• The company announced a quarterly dividend of $0.50, resulting in an annualized yield of 3.5% and set FY 2025 earnings guidance of $2.010 to $2.190 EPS.

Monetary Management Group Inc. reduced its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 28.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,500 shares of the pipeline company's stock after selling 11,450 shares during the quarter. Monetary Management Group Inc.'s holdings in Williams Companies were worth $1,763,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Williams Companies by 1.2% in the 1st 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 acquiring an additional 6,816 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in 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 valued at $24,081,000 after acquiring an additional 87,031 shares in the last quarter. Kessler Investment Group LLC bought a new stake in Williams Companies in the 1st quarter valued at $327,000. Hennion & Walsh Asset Management Inc. lifted its position in 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 valued at $5,130,000 after acquiring an additional 10,561 shares in the last quarter. Finally, Good Steward Wealth Advisors LLC bought a new stake in Williams Companies in the 1st quarter valued at $977,000. 86.44% of the stock is owned by institutional investors.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $59.68, for a total value of $119,360.00. Following the transaction, the senior vice president owned 313,645 shares in the company, valued at approximately $18,718,333.60. This represents a 0.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the completion of the transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,500 shares of company stock worth $507,875. 0.44% of the stock is owned by company insiders.

Analysts Set New Price Targets

WMB has been the topic of several analyst reports. Cibc World Mkts raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. CIBC raised shares of Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price target on the stock in a research report on Friday, August 15th. TD Cowen initiated coverage on shares of Williams Companies in a research report on Monday, July 7th. They set a "buy" rating and a $67.00 price target on the stock. Scotiabank boosted their price target on shares of Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. Finally, Barclays boosted their price target on shares of Williams Companies from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.86.

Williams Companies Stock Up 1.0%

Williams Companies stock opened at $57.7750 on Friday. The firm has a market capitalization of $70.45 billion, a PE ratio of 29.03, a P/E/G ratio of 1.91 and a beta of 0.66. The company's 50-day moving average is $58.81 and its 200-day moving average is $58.30. 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 current ratio of 0.54 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

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

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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