Praxis Investment Management Inc. Sells 19,160 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Praxis Investment Management Inc. reduced its stake in Williams Companies by 30.4% in Q2, selling 19,160 shares for a total of $2,750,000 in holdings.
• Williams Companies announced a quarterly dividend of $0.50, equating to an annualized dividend of $2.00 and a yield of 3.2%.
• In recent performance, Williams Companies reported Q2 earnings of $0.46 per share, falling short of the consensus estimate and showing a 19.0% year-over-year revenue increase.

Praxis Investment Management Inc. trimmed its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 30.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,780 shares of the pipeline company's stock after selling 19,160 shares during the quarter. Praxis Investment Management Inc.'s holdings in Williams Companies were worth $2,750,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Flaharty Asset Management LLC bought a new position in shares of Williams Companies during the 1st quarter worth approximately $25,000. HWG Holdings LP bought a new position in shares of Williams Companies during the 1st quarter worth approximately $26,000. Saudi Central Bank bought a new position in shares of Williams Companies during the 1st quarter worth approximately $29,000. Iron Horse Wealth Management LLC boosted its stake in shares of Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock worth $30,000 after acquiring an additional 494 shares during the period. Finally, Abound Financial LLC bought a new position in shares of Williams Companies during the 1st quarter worth approximately $32,000. 86.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies 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 completion of the transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. The trade was 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 $497,715. Corporate insiders own 0.44% of the company's stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $62.49 on Friday. The stock has a market capitalization of $76.20 billion, a PE ratio of 31.40, a P/E/G ratio of 2.13 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. The business has a fifty day moving average price of $59.86 and a two-hundred day moving average price of $59.17. Williams Companies, Inc. has a fifty-two week low of $51.34 and a fifty-two week high of $65.55.

Williams Companies (NYSE:WMB - Get Free Report) last announced 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 company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. Williams Companies's revenue was up 19.0% on a year-over-year basis. During the same period 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. As a group, equities analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on WMB. CIBC upgraded Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 target price for the company in a research note on Friday, August 15th. Morgan Stanley lifted their price target on Williams Companies from $70.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, October 2nd. Wall Street Zen cut Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday, October 4th. TD Cowen started coverage on Williams Companies in a report on Monday, July 7th. They set a "buy" rating and a $67.00 price target for the company. Finally, Barclays lifted their price target on Williams Companies from $65.00 to $66.00 and gave the stock an "equal weight" rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Williams Companies presently has an average rating of "Moderate Buy" and an average price target of $66.73.

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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