Western Financial Corp CA purchased a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,203 shares of the pipeline company's stock, valued at approximately $704,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Chapin Davis Inc. lifted its holdings in shares of Williams Companies by 1.6% during the 2nd quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company's stock valued at $688,000 after buying an additional 170 shares during the period. TrueWealth Advisors LLC lifted its holdings in shares of 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 lifted its holdings in shares of Williams Companies by 4.2% during the 1st quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock valued at $268,000 after buying an additional 183 shares during the period. Chesley Taft & Associates LLC lifted its holdings in shares of Williams Companies by 1.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company's stock valued at $642,000 after buying an additional 184 shares during the period. Finally, Quarry LP lifted its holdings in shares of Williams Companies by 20.3% during the 1st quarter. Quarry LP now owns 1,095 shares of the pipeline company's stock valued at $65,000 after buying an additional 185 shares during the period. 86.44% of the stock is owned by institutional investors.
Insider Activity
In related 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 value 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 trade represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Thursday, September 4th. The stock was 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 of the company's stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,500 shares of company stock valued at $623,115. 0.44% of the stock is currently owned by company insiders.
Williams Companies Trading Up 1.2%
Shares of WMB stock opened at $64.05 on Friday. The firm has a market capitalization of $78.10 billion, a PE ratio of 32.19, a PEG ratio of 2.11 and a beta of 0.65. The stock has a fifty day simple moving average of $58.53 and a two-hundred day simple moving average of $58.74. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. Williams Companies, Inc. has a 52-week low of $44.65 and a 52-week high of $64.48.
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 for the quarter, missing analysts' consensus estimates of $0.49 by ($0.03). The firm 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 company's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.
Williams Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be given a $0.50 dividend. The ex-dividend date is Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.1%. Williams Companies's dividend payout ratio (DPR) is currently 100.50%.
Wall Street Analysts Forecast Growth
WMB has been the topic of a number of recent research reports. CIBC raised Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 target price on the stock in a report on Friday, August 15th. BMO Capital Markets initiated coverage on Williams Companies in a report on Friday, September 19th. They issued an "outperform" rating and a $66.00 target price on the stock. Barclays raised their target price on Williams Companies from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Finally, Wall Street Zen raised Williams Companies from a "sell" rating to a "hold" rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $63.07.
View Our Latest Stock Report on Williams Companies
Williams Companies Company Profile
(
Free Report)
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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