Thurston Springer Miller Herd & Titak Inc. Raises Position in Williams Companies, Inc. (The) $WMB

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Williams Companies by 17.9%, owning 40,350 shares worth approximately $2.53 million as of the latest SEC filing.
• Williams Companies reported a Q2 earnings per share (EPS) of $0.46, missing the estimate of $0.49, while revenue was $2.78 billion, below analysts' expectations.
• The company announced a quarterly dividend of $0.50 per share with a yield of 3.4%, to be paid on September 29th to shareholders on record as of September 12th.

Thurston Springer Miller Herd & Titak Inc. raised its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 17.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,350 shares of the pipeline company's stock after buying an additional 6,118 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Williams Companies were worth $2,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new position in Williams Companies in the 1st quarter valued at approximately $25,000. Menard Financial Group LLC purchased a new position in Williams Companies in the 4th quarter valued at approximately $26,000. HWG Holdings LP purchased a new position in Williams Companies in the 1st quarter valued at approximately $26,000. Saudi Central Bank purchased a new position in Williams Companies in the 1st quarter valued at approximately $29,000. Finally, Iron Horse Wealth Management LLC boosted its position in 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 valued at $30,000 after buying an additional 494 shares during the period. Hedge funds and other institutional investors own 86.44% of the company's stock.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $58.84 on Friday. The company's fifty day moving average price is $58.05 and its 200 day moving average price is $58.42. Williams Companies, Inc. has a 12 month low of $44.51 and a 12 month high of $63.45. 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 firm has a market capitalization of $71.75 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.98 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 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 company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. Williams Companies'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. As a group, sell-side analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.4%. Williams Companies's payout ratio is currently 100.50%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WMB. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. CIBC raised shares of Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price objective for the company in a research report on Friday, August 15th. Wells Fargo & Company lifted their price objective on shares of Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Argus reaffirmed a "buy" rating and set a $66.00 price objective on shares of Williams Companies in a research report on Thursday, August 14th. Finally, Cibc World Mkts raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $62.86.

Insiders Place Their Bets

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction 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 completion of the transaction, the senior vice president owned 311,645 shares in the company, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,500 shares of company stock worth $623,115. 0.44% of the stock is currently owned by company insiders.

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.

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