TD Private Client Wealth LLC Cuts Stock Holdings in Williams Companies, Inc. (The) $WMB

Key Points

• TD Private Client Wealth LLC reduced its stake in Williams Companies by 20.1% during the 2nd quarter, holding 26,502 shares worth approximately $1.67 million after selling 6,687 shares.
• Recent insider trading shows that SVP Terrance Lane Wilson and COO Larry C. Larsen sold shares, with Wilson's sale of 2,000 shares worth $115,240 and Larsen selling 4,500 shares for $263,115.
• Williams Companies has declared a quarterly dividend of $0.50 per share, payable on September 29th, representing an annualized yield of 3.2% amid a payout ratio of 100.50%.

TD Private Client Wealth LLC lowered its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 20.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,502 shares of the pipeline company's stock after selling 6,687 shares during the period. TD Private Client Wealth LLC's holdings in Williams Companies were worth $1,665,000 as of its most recent SEC filing.

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

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction 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 SEC, which can be accessed through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the company'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 completion of the transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,500 shares of company stock worth $623,115 in the last 90 days. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $63.35 on Friday. Williams Companies, Inc. has a 12 month low of $44.56 and a 12 month high of $63.45. The firm has a market capitalization of $77.24 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.10 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The business has a fifty day simple moving average of $58.44 and a two-hundred day simple moving average of $58.68.

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 return on equity of 16.23% and a net margin of 21.63%.The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm'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. On average, equities analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WMB. Royal Bank Of Canada restated an "outperform" rating and set a $63.00 price target on shares of Williams Companies in a report on Tuesday, July 15th. Wells Fargo & Company boosted their target price on Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Barclays boosted their price objective on shares of Williams Companies from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Finally, TD Cowen started coverage on shares of Williams Companies in a report on Monday, July 7th. They issued a "buy" rating and a $67.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Williams Companies has an average rating of "Moderate Buy" and a consensus target price 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.

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