State of Alaska Department of Revenue Reduces Position in Williams Companies, Inc. (The) $WMB

Key Points

• The State of Alaska Department of Revenue has reduced its stake in Williams Companies by 4.1%, holding 137,049 shares worth approximately $8.6 million after selling 5,835 shares in the second quarter.
• Williams Companies reported $0.46 EPS for the most recent quarter, missing expectations, with revenue of $2.78 billion, compared to an estimate of $2.90 billion.
• The company announced a quarterly dividend of $0.50 per share, payable on September 29th, representing an annualized dividend yield of 3.1%.

State of Alaska Department of Revenue reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 137,049 shares of the pipeline company's stock after selling 5,835 shares during the quarter. State of Alaska Department of Revenue's holdings in Williams Companies were worth $8,608,000 at the end of the most recent reporting period.

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

Williams Companies Trading Up 1.2%

Shares of WMB opened at $64.05 on Friday. Williams Companies, Inc. has a 52-week low of $44.65 and a 52-week high of $64.48. The stock has a fifty day moving average price of $58.53 and a two-hundred day moving average price of $58.76. 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 company has a market cap of $78.10 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.14 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $0.43 EPS. The company's revenue 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. Analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders 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 annualized dividend and a yield of 3.1%. Williams Companies's payout ratio is presently 100.50%.

Insider Activity

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the business's 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company'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 value of $115,240.00. Following the completion of the sale, the senior vice president owned 311,645 shares in the company, valued at $17,956,984.90. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,500 shares of company stock worth $623,115 over the last three months. Insiders own 0.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. CIBC raised Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price target for the company in a report on Friday, August 15th. Argus reiterated a "buy" rating and set a $66.00 target price on shares of Williams Companies in a research note on Thursday, August 14th. Wolfe Research upgraded shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Wells Fargo & Company boosted their target price on Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised Williams Companies from a "sell" rating to a "hold" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Williams Companies has a consensus rating of "Moderate Buy" and a consensus price target of $63.07.

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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