Williams Companies, Inc. (The) $WMB Position Lessened by Jackson Hole Capital Partners LLC

Key Points

• Jackson Hole Capital Partners LLC has reduced its stake in Williams Companies, Inc. by 2.6% in the second quarter, now holding about 184,708 shares worth approximately $11.6 million.
• The stock price of Williams Companies has declined by 5.3%, opening at $58.88 with a 12-month low/high range of $51.46 to $65.55.
• Williams Companies reported earnings per share of $0.46 for the last quarter, falling short of expectations, and announced a $0.50 quarterly dividend with a payout ratio of 100.50%.

Jackson Hole Capital Partners LLC trimmed its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,708 shares of the pipeline company's stock after selling 4,968 shares during the period. Williams Companies makes up approximately 2.1% of Jackson Hole Capital Partners LLC's portfolio, making the stock its 6th biggest holding. Jackson Hole Capital Partners LLC's holdings in Williams Companies were worth $11,602,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC bought a new position in Williams Companies during the 1st quarter worth approximately $25,000. Saudi Central Bank purchased a new position in shares of Williams Companies during the 1st quarter worth approximately $29,000. Private Wealth Management Group LLC raised its holdings 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 purchasing an additional 240 shares in the last quarter. Iron Horse Wealth Management LLC lifted its position in Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 494 shares during the period. Finally, Abound Financial LLC purchased a new position in shares of Williams Companies during the first quarter valued at approximately $32,000. Institutional investors own 86.44% of the company's stock.

Williams Companies Stock Down 5.3%

Shares of WMB opened at $58.88 on Friday. The firm has a fifty day moving average price of $60.26 and a 200-day moving average price of $59.29. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $71.80 billion, a P/E ratio of 29.59, a P/E/G ratio of 2.07 and a beta of 0.65. Williams Companies, Inc. has a 12-month low of $51.46 and a 12-month high of $65.55.

Williams Companies (NYSE:WMB - Get Free Report) last announced 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). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The company's quarterly 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. Equities research analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Williams Companies's dividend payout ratio (DPR) is 100.50%.

Insider Buying and Selling

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction on Monday, August 11th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock valued at $497,715 in the last three months. 0.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on WMB. Jefferies Financial Group began coverage on Williams Companies in a research note on Thursday, October 9th. They set a "buy" rating and a $72.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Wall Street Zen lowered Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday, October 4th. Cibc World Mkts raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $66.73.

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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