NorthRock Partners LLC Grows Position in Williams Companies, Inc. (The) $WMB

NorthRock Partners LLC raised its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 52.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,002 shares of the pipeline company's stock after buying an additional 5,186 shares during the period. NorthRock Partners LLC's holdings in Williams Companies were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Williams Companies by 1.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company's stock worth $34,489,000 after purchasing an additional 6,816 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in Williams Companies by 362.5% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company's stock valued at $87,608,000 after purchasing an additional 1,149,045 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Williams Companies by 27.5% during 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 purchasing an additional 87,031 shares in the last quarter. Kessler Investment Group LLC bought a new stake in Williams Companies during the 1st quarter valued at $327,000. Finally, Good Steward Wealth Advisors LLC bought a new stake in Williams Companies during the 1st quarter valued at $977,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Down 0.5%

Shares of NYSE:WMB opened at $62.35 on Wednesday. Williams Companies, Inc. has a 12-month low of $50.29 and a 12-month high of $65.55. The business's fifty day simple moving average is $59.66 and its 200-day simple moving average is $59.12. The company has a market capitalization of $76.03 billion, a PE ratio of 31.33, a P/E/G ratio of 2.09 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) 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 company had revenue of $2.78 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share. The company's revenue 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 research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, September 12th. Williams Companies's payout ratio is 100.50%.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of research analyst reports. UBS Group lifted their target price on Williams Companies from $74.00 to $78.00 and gave the company a "buy" rating in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Williams Companies in a research report on Tuesday. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $63.00 target price on shares of Williams Companies in a research report on Tuesday, July 15th. Jefferies Financial Group initiated coverage on Williams Companies in a research report on Thursday, October 9th. They set a "buy" rating and a $72.00 target price for the company. Finally, Wall Street Zen lowered Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Williams Companies currently has a consensus rating of "Moderate Buy" and an average target price of $66.00.

Insider Buying and Selling at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of the business'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 transaction, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. The trade was a 5.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction 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 transaction, the senior vice president owned 311,645 shares in the company, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,500 shares of company stock worth $497,715. 0.44% of the stock is owned by company 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.

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