Triton Financial Group Inc Takes Position in Williams Companies, Inc. (The) $WMB

Key Points

• Triton Financial Group Inc acquired 12,352 shares of Williams Companies, Inc. valued at approximately $776,000 in the 2nd quarter.
• Multiple analysts issued "buy" ratings for Williams Companies, with recent price targets ranging from $64.00 to $83.00, showing strong investor confidence.
• Williams Companies reported a quarterly EPS of $0.46, missing estimates, and set its FY 2025 guidance at 2.010-2.190 EPS.

Triton Financial Group Inc acquired a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,352 shares of the pipeline company's stock, valued at approximately $776,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Flaharty Asset Management LLC acquired a new stake in shares of Williams Companies during the 1st quarter worth approximately $25,000. HWG Holdings LP bought a new position in Williams Companies during the 1st quarter worth $26,000. Private Wealth Management Group LLC increased its position in Williams Companies by 104.8% in the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company's stock worth $29,000 after buying an additional 240 shares during the period. Saudi Central Bank bought a new stake in Williams Companies in the first quarter valued at $29,000. Finally, Iron Horse Wealth Management LLC lifted its stake 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 valued at $30,000 after buying an additional 494 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WMB shares. TD Cowen assumed coverage on shares of Williams Companies in a report on Monday, July 7th. They issued a "buy" rating and a $67.00 price objective on the stock. Argus restated a "buy" rating and issued a $66.00 target price on shares of Williams Companies in a research report on Thursday, August 14th. CIBC raised Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price target on the stock in a report on Friday, August 15th. The Goldman Sachs Group boosted their price objective on Williams Companies from $59.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, October 2nd. Finally, Morgan Stanley raised their target price on Williams Companies from $70.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $66.73.

Williams Companies Trading Up 1.0%

Williams Companies stock opened at $63.10 on Tuesday. Williams Companies, Inc. has a 12-month low of $51.46 and a 12-month high of $65.55. 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 50 day simple moving average of $60.05 and a 200-day simple moving average of $59.22. The stock has a market capitalization of $76.94 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 2.08 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing analysts' consensus estimates 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 firm earned $0.43 earnings per share. The firm's revenue for the quarter 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, equities research analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Williams Companies's dividend payout ratio (DPR) is currently 100.50%.

Insiders Place Their Bets

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction dated 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 legal filing with the SEC, which is available through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction dated 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 transaction, 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 sold a total of 8,500 shares of company stock worth $497,715 over the last 90 days. Insiders own 0.44% of the company's stock.

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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