Patron Partners LLC Buys Shares of 4,994 Williams Companies, Inc. (The) $WMB

Key Points

• Patron Partners LLC has acquired 4,994 shares of Williams Companies, Inc. valued at approximately $314,000 during the second quarter.
• Williams Companies recently declared a quarterly dividend of $0.50 per share, payable on September 29th, 2023, with a dividend yield of 3.2%.
• Research analysts have varied ratings on Williams Companies, with one analyst giving a Strong Buy rating and a median price target of $63.07.

Patron Partners LLC acquired a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,994 shares of the pipeline company's stock, valued at approximately $314,000.

Other institutional investors have also recently added to or reduced their stakes in the company. American National Bank & Trust lifted its holdings in Williams Companies by 358.6% in the 2nd quarter. American National Bank & Trust now owns 3,490 shares of the pipeline company's stock valued at $219,000 after acquiring an additional 2,729 shares during the last quarter. Dakota Wealth Management raised its position in shares of Williams Companies by 299.2% during the second quarter. Dakota Wealth Management now owns 79,171 shares of the pipeline company's stock worth $4,973,000 after purchasing an additional 59,338 shares during the period. Seven Post Investment Office LP purchased a new stake in shares of Williams Companies during the second quarter valued at $3,879,000. Carr Financial Group Corp purchased a new stake in Williams Companies during the second quarter valued at about $229,000. Finally, Evanson Asset Management LLC acquired a new position in shares of Williams Companies in the second quarter worth about $203,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction dated 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 sale, the senior vice president owned 311,645 shares of the company's stock, valued at $17,956,984.90. The trade was 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 this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,500 shares of company stock valued at $623,115. 0.44% of the stock is owned by company insiders.

Williams Companies Stock Up 0.8%

WMB opened at $63.35 on Friday. The company has a market capitalization of $77.24 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.10 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, Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $63.45. The business has a 50-day moving average of $58.44 and a 200-day moving average of $58.68.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company's quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm 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. The ex-dividend date is Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Williams Companies's dividend payout ratio (DPR) is currently 100.50%.

Analyst Ratings Changes

WMB has been the subject of several research analyst reports. Wolfe Research upgraded shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Cibc World Mkts upgraded Williams Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Royal Bank Of Canada reissued an "outperform" rating and set a $63.00 price target on shares of Williams Companies in a research report on Tuesday, July 15th. Barclays raised their price objective on Williams Companies from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Finally, BMO Capital Markets assumed coverage on shares of Williams Companies in a research report on Friday, September 19th. They issued an "outperform" rating and a $66.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given 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 an average target price of $63.07.

Williams Companies Company 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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