Prime Capital Investment Advisors LLC Sells 27,831 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Prime Capital Investment Advisors LLC sold 27,831 shares of Williams Companies, reducing its stake by 67.8%, now owning 13,195 shares valued at approximately $829,000.
• Insider selling included SVP Terrance Lane Wilson and COO Larry C. Larsen, collectively offloading 6,500 shares, highlighting a decrease in their positions.
• Williams Companies recently declared a quarterly dividend of $0.50 per share, which amounts to an annualized dividend yield of 3.2%.

Prime Capital Investment Advisors LLC reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 67.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,195 shares of the pipeline company's stock after selling 27,831 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Williams Companies were worth $829,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Williams Companies by 1.2% during 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 stake 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 worth $87,608,000 after buying an additional 1,149,045 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Williams Companies by 27.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company's stock worth $24,081,000 after acquiring an additional 87,031 shares in the last quarter. Kessler Investment Group LLC acquired a new position in Williams Companies in the first quarter valued at about $327,000. Finally, Good Steward Wealth Advisors LLC acquired a new position in Williams Companies in the first quarter valued at about $977,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares of the company's stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer owned 77,612 shares of the company's stock, valued at $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 valued at $497,715. Corporate insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

WMB has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $63.00 price target on shares of Williams Companies in a research report on Tuesday, July 15th. Argus restated a "buy" rating and set a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. Jefferies Financial Group assumed coverage on shares of Williams Companies in a report on Thursday. They issued a "buy" rating and a $72.00 price target for the company. Barclays raised their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 30th. Finally, Wells Fargo & Company upped their target price on shares of Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen 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 an average target price of $65.94.

Williams Companies Stock Performance

WMB opened at $63.08 on Friday. The business's 50-day simple moving average is $59.51 and its 200 day simple moving average is $59.07. Williams Companies, Inc. has a 52-week low of $49.17 and a 52-week high of $65.55. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The firm has a market capitalization of $76.91 billion, a PE ratio of 31.70, a PEG ratio of 2.12 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share 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 the consensus estimate of $2.90 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. The firm's revenue for the quarter 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, sell-side analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

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

Williams Companies 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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