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Polaris Capital Management LLC Has $30.98 Million Holdings in Williams Companies, Inc. (The) $WMB

Williams Companies logo with Energy background

Key Points

  • Polaris Capital Management LLC reduced its holdings in Williams Companies by 7.1%, now holding 493,200 shares valued at approximately $30.98 million.
  • Several institutional investors, including the Saudi Central Bank and Abound Financial LLC, have recently acquired new positions in Williams Companies, with institutional ownership reaching 86.44%.
  • Williams Companies declared a quarterly dividend of $0.50 per share, resulting in an annualized yield of 3.1%, despite a payout ratio of 100.50%.
  • Interested in Williams Companies? Here are five stocks we like better.

Polaris Capital Management LLC cut its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 493,200 shares of the pipeline company's stock after selling 37,600 shares during the quarter. Williams Companies accounts for 2.1% of Polaris Capital Management LLC's investment portfolio, making the stock its 21st largest holding. Polaris Capital Management LLC's holdings in Williams Companies were worth $30,978,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WMB. Flaharty Asset Management LLC acquired a new position in Williams Companies in the first quarter valued at approximately $25,000. HWG Holdings LP bought a new stake in shares of Williams Companies during the first quarter valued at approximately $26,000. Saudi Central Bank bought a new stake in shares of Williams Companies during the first quarter valued at approximately $29,000. Iron Horse Wealth Management LLC increased its holdings in shares of Williams Companies by 4,490.9% during the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 494 shares in the last quarter. Finally, Abound Financial LLC bought a new stake in shares of Williams Companies during the first quarter valued at approximately $32,000. 86.44% of the stock is 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 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 of the company's stock, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $263,115.00. Following the completion of 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 three months, insiders sold 8,500 shares of company stock worth $497,715. Insiders own 0.44% of the company's stock.

Williams Companies Trading Up 0.8%

Shares of Williams Companies stock opened at $64.54 on Friday. The stock has a fifty day simple moving average of $59.14 and a 200 day simple moving average of $58.97. Williams Companies, Inc. has a 12-month low of $48.41 and a 12-month high of $65.55. The company has a market capitalization of $78.70 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 2.14 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 posted 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). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business had revenue of $2.78 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the prior year, the firm posted $0.43 EPS. The firm's revenue for the quarter 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, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WMB shares. Royal Bank Of Canada restated an "outperform" rating and set a $63.00 price objective on shares of Williams Companies in a report on Tuesday, July 15th. Wells Fargo & Company boosted their price objective on Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Wall Street Zen downgraded Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday. Barclays boosted their price objective on Williams Companies from $59.00 to $65.00 and gave the company an "equal weight" rating in a report on Tuesday. Finally, Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $65.53.

View Our Latest Stock Report on Williams Companies

About Williams Companies

(Free Report)

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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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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