Wagner Wealth Management LLC Purchases New Position in Williams Companies, Inc. (The) $WMB

Key Points

• Wagner Wealth Management LLC has acquired a new position in Williams Companies, purchasing 6,033 shares valued at approximately $379,000.
• Several institutional investors have increased their stakes in Williams Companies during the second quarter, indicating strong interest in the pipeline company, with institutional ownership now at 86.44%.
• Williams Companies recently reported a missed earnings estimate for the last quarter, posting $0.46 EPS against a consensus estimate of $0.49, highlighting potential challenges ahead.

Wagner Wealth Management LLC purchased a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,033 shares of the pipeline company's stock, valued at approximately $379,000.

Several other institutional investors have also made changes to their positions in the company. Tritonpoint Wealth LLC increased its position in shares of Williams Companies by 3.0% during the 2nd quarter. Tritonpoint Wealth LLC now owns 10,111 shares of the pipeline company's stock worth $635,000 after purchasing an additional 291 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Williams Companies by 2.3% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 38,614 shares of the pipeline company's stock valued at $2,425,000 after purchasing an additional 850 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Williams Companies by 5.8% during the second quarter. Avior Wealth Management LLC now owns 4,491 shares of the pipeline company's stock worth $282,000 after purchasing an additional 247 shares in the last quarter. Uncommon Cents Investing LLC lifted its position in Williams Companies by 5.4% in the second quarter. Uncommon Cents Investing LLC now owns 29,060 shares of the pipeline company's stock valued at $1,825,000 after purchasing an additional 1,485 shares during the last quarter. Finally, BayBridge Capital Group LLC increased its holdings in shares of Williams Companies by 6.7% during the second quarter. BayBridge Capital Group LLC now owns 4,401 shares of the pipeline company's stock valued at $276,000 after acquiring an additional 275 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 directly owned 311,645 shares of the company's stock, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Larry C. Larsen sold 4,500 shares of the business's stock in a transaction on Monday, August 11th. The shares were 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 in the company, valued at $4,537,973.64. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,500 shares of company stock valued at $623,115. Corporate insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

WMB has been the subject of a number of analyst reports. Royal Bank Of Canada restated an "outperform" rating and set a $63.00 price objective on shares of Williams Companies in a research note on Tuesday, July 15th. CIBC raised shares of Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price target on the stock in a research report on Friday, August 15th. Wall Street Zen raised shares of Williams Companies from a "sell" rating to a "hold" rating in a research report on Friday. Wells Fargo & Company raised their target price on shares of Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, BMO Capital Markets assumed coverage on shares of Williams Companies in a research report on Friday, September 19th. They set an "outperform" rating and a $66.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Williams Companies has a consensus rating of "Moderate Buy" and a consensus target price of $63.07.

Williams Companies Stock Performance

NYSE WMB opened at $64.05 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. Williams Companies, Inc. has a 1-year low of $44.65 and a 1-year high of $64.48. The business has a 50 day moving average price of $58.53 and a 200 day moving average price of $58.76. The company has a market capitalization of $78.10 billion, a P/E 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 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 business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the business earned $0.43 EPS. The business's quarterly revenue was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. Williams Companies's dividend payout ratio (DPR) is currently 100.50%.

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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