SCS Capital Management LLC Purchases New Shares in Williams Companies, Inc. (The) $WMB

Key Points

• SCS Capital Management LLC acquired a new stake in Williams Companies, purchasing 9,430 shares valued at approximately $564,000 during the first quarter.
• The company reported $0.46 EPS for the last quarter, falling short of the consensus estimate of $0.49, with revenues of $2.78 billion compared to expectations of $2.90 billion.
• Williams Companies announced a quarterly dividend of $0.50 per share, leading to an annualized dividend of $2.00 and a yield of 3.4%.

SCS Capital Management LLC purchased a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,430 shares of the pipeline company's stock, valued at approximately $564,000.

Other large investors also recently made changes to their positions in the company. Menard Financial Group LLC bought a new stake in Williams Companies in the fourth quarter worth about $26,000. HWG Holdings LP bought a new stake in Williams Companies in the first quarter worth about $26,000. Saudi Central Bank bought a new stake in Williams Companies in the first quarter worth about $29,000. Iron Horse Wealth Management LLC raised its position in Williams Companies by 4,490.9% in the first 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 stake in Williams Companies in the first quarter worth about $32,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $59.31 on Friday. The company has a 50 day moving average of $58.04 and a 200 day moving average of $58.39. The stock has a market cap of $72.32 billion, a P/E ratio of 29.80, a P/E/G ratio of 1.96 and a beta of 0.65. Williams Companies, Inc. has a 12 month low of $44.49 and a 12 month high of $63.45. 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 issued its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). The firm had revenue of $2.78 billion for the quarter, compared to analysts' expectations 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 posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, sell-side analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.4%. Williams Companies's payout ratio is currently 100.50%.

Insider Activity at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the completion of the transaction, the chief operating officer owned 77,612 shares of the company's stock, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,500 shares of company stock valued at $623,115. 0.44% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WMB has been the topic of several research reports. Barclays lifted their price objective on shares of Williams Companies from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Wall Street Zen lowered shares of Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. CIBC upgraded shares of 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. Cibc World Mkts upgraded shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Finally, Wells Fargo & Company lifted 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 research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Williams Companies presently has a consensus rating of "Moderate Buy" and an average target price of $62.86.

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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