Sagespring Wealth Partners LLC Boosts Holdings in Williams Companies, Inc. (The) $WMB

Key Points

• Sagespring Wealth Partners LLC increased its stake in Williams Companies by 25.5% during the second quarter, holding a total of 29,181 shares valued at approximately $1.83 million.
• Arecent SEC filing revealed that insider sales included 2,000 shares sold by SVP Terrance Lane Wilson and 4,500 shares sold by COO Larry C. Larsen, with both executives decreasing their ownership of the stock.
• Williams Companies reported a miss in earnings per share of $0.46 for the last quarter, falling short of analysts' expectations of $0.49, despite a year-over-year revenue increase of 19.0%.

Sagespring Wealth Partners LLC lifted its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 25.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,181 shares of the pipeline company's stock after purchasing an additional 5,929 shares during the period. Sagespring Wealth Partners LLC's holdings in Williams Companies were worth $1,833,000 as of its most recent SEC filing.

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

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Thursday, September 4th. The shares were 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 directly owned 311,645 shares in the company, 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 legal filing with the SEC, which is available through this link. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the completion of the sale, the chief operating officer owned 77,612 shares of the company's stock, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,500 shares of company stock valued at $497,715. 0.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WMB. Scotiabank lifted their price target on shares of Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 15th. Argus reissued a "buy" rating and set a $66.00 price target on shares of Williams Companies in a research report on Thursday, August 14th. TD Cowen began coverage on shares of Williams Companies in a research report on Monday, July 7th. They set a "buy" rating and a $67.00 price target for the company. UBS Group lifted their price target on shares of Williams Companies from $74.00 to $78.00 and gave the company a "buy" rating in a research report on Tuesday, September 30th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $66.00.

Williams Companies Stock Down 0.5%

NYSE:WMB opened at $62.35 on Wednesday. The firm has a market cap of $76.03 billion, a P/E ratio of 31.33, a P/E/G ratio of 2.09 and a beta of 0.65. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. Williams Companies, Inc. has a fifty-two week low of $50.29 and a fifty-two week high of $65.55. The firm has a 50-day simple moving average of $59.66 and a two-hundred day simple moving average of $59.12.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $2.78 billion for 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 firm's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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

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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