Register Financial Advisors LLC Sells 4,101 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Register Financial Advisors LLC reduced its stake in Williams Companies by 30.5%, selling 4,101 shares during the second quarter, leaving it with 9,356 shares valued at approximately $588,000.
• Williams Companies reported a net margin of 21.63% and earnings of $0.46 per share for the last quarter, missing analysts' expectations of $0.49, with revenue also below estimates at $2.78 billion.
• The company declared a quarterly dividend of $0.50, resulting in an annualized yield of 3.2%, with a payout ratio of 100.50% as of the recent filing.

Register Financial Advisors LLC cut its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 30.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,356 shares of the pipeline company's stock after selling 4,101 shares during the quarter. Register Financial Advisors LLC's holdings in Williams Companies were worth $588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Chapin Davis Inc. grew its stake in shares of Williams Companies by 1.6% during the 2nd quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company's stock worth $688,000 after acquiring an additional 170 shares in the last quarter. TrueWealth Advisors LLC lifted its position in shares of Williams Companies by 0.7% in the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company's stock worth $1,559,000 after purchasing an additional 182 shares in the last quarter. Castleview Partners LLC boosted its holdings in Williams Companies by 4.2% during the first quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock worth $268,000 after purchasing an additional 183 shares during the last quarter. Chesley Taft & Associates LLC grew its position in Williams Companies by 1.8% in the second quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company's stock valued at $642,000 after purchasing an additional 184 shares in the last quarter. Finally, Quarry LP increased its stake in Williams Companies by 20.3% in the 1st quarter. Quarry LP now owns 1,095 shares of the pipeline company's stock valued at $65,000 after buying an additional 185 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Stock Performance

WMB opened at $63.35 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 12-month low of $44.56 and a 12-month high of $63.45. The business has a 50 day moving average of $58.44 and a 200-day moving average of $58.68. The stock has a market cap of $77.24 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.10 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 business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company posted $0.43 EPS. The firm's revenue 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, equities research analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be paid a $0.50 dividend. The ex-dividend date is Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Williams Companies's dividend payout ratio is 100.50%.

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction that occurred 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. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,500 shares of company stock worth $623,115. 0.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WMB has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Williams Companies from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. BMO Capital Markets began coverage on Williams Companies in a report on Friday, September 19th. They set an "outperform" rating and a $66.00 target price on the stock. CIBC upgraded Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price target for the company in a research note on Friday, August 15th. 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. Finally, Wells Fargo & Company upped their price objective on Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $63.07.

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.

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies, Inc. (The) (NYSE:WMB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.