Teamwork Financial Advisors LLC Sells 5,504 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Teamwork Financial Advisors LLC sold 5,504 shares of Williams Companies, reducing its stake by 54.3%, leaving it with 4,640 shares valued at approximately $291,000.
• Several institutional investors have increased their positions in Williams Companies, with TrueWealth Advisors raising their holdings by 0.7% and Quarry LP by 20.3%.
• Williams Companies declared a quarterly dividend of $0.50 per share, reflecting a dividend yield of 3.4%, with a payout ratio of 100.50%.

Teamwork Financial Advisors LLC trimmed its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 54.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,640 shares of the pipeline company's stock after selling 5,504 shares during the period. Teamwork Financial Advisors LLC's holdings in Williams Companies were worth $291,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of WMB. TrueWealth Advisors LLC raised its holdings in Williams Companies by 0.7% during the 2nd quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company's stock valued at $1,559,000 after buying an additional 182 shares during the period. Castleview Partners LLC increased its position in Williams Companies by 4.2% during 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 last quarter. Quarry LP raised its stake in shares of Williams Companies by 20.3% in the first quarter. Quarry LP now owns 1,095 shares of the pipeline company's stock valued at $65,000 after acquiring an additional 185 shares during the period. Mirador Capital Partners LP lifted its holdings in shares of Williams Companies by 1.2% in the 1st quarter. Mirador Capital Partners LP now owns 16,712 shares of the pipeline company's stock worth $999,000 after acquiring an additional 196 shares during the last quarter. Finally, Perkins Coie Trust Co boosted its stake in shares of Williams Companies by 13.3% during the 1st quarter. Perkins Coie Trust Co now owns 1,700 shares of the pipeline company's stock worth $102,000 after purchasing an additional 200 shares during the period. Institutional investors own 86.44% of the company's stock.

Insiders Place Their Bets

In other Williams Companies 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the firm's stock in a transaction dated 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 sale, the chief operating officer owned 77,612 shares in the company, 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. Insiders have sold a total of 10,500 shares of company stock valued at $623,115 over the last 90 days. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Performance

WMB stock opened at $58.84 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The business has a 50-day moving average price of $58.05 and a 200 day moving average price of $58.42. The company has a market capitalization of $71.75 billion, a P/E ratio of 29.57, a PEG ratio of 1.98 and a beta of 0.65. Williams Companies, Inc. has a 1-year low of $44.51 and a 1-year high of $63.45.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data 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). The business 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%. The business's quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities research analysts forecast that Williams Companies, Inc. will post 2.08 EPS 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 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies's payout ratio is presently 100.50%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TD Cowen began coverage on shares of Williams Companies in a research report on Monday, July 7th. They issued a "buy" rating and a $67.00 price objective on the stock. Wells Fargo & Company increased their price target on Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Argus reissued a "buy" rating and set a $66.00 price target on shares of Williams Companies in a research note on Thursday, August 14th. Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Finally, Cibc World Mkts upgraded Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $62.86.

Williams Companies 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.

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.