Williams Companies, Inc. (The) $WMB Shares Sold by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC has significantly reduced its stake in Williams Companies, trimming its holdings by 85.9% during the second quarter, resulting in ownership of only 13,665 shares valued at approximately $858,000.
• Multiple large investors, including Goldman Sachs Group Inc. and Vanguard Group Inc., have increased their positions in Williams Companies, with institutional investors owning 86.44% of the stock.
• The company recently announced a quarterly dividend of $0.50 per share, representing a yield of 3.4%, with an upcoming ex-dividend date set for September 12th.

Procyon Advisors LLC cut its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 85.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,665 shares of the pipeline company's stock after selling 83,523 shares during the period. Procyon Advisors LLC's holdings in Williams Companies were worth $858,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in WMB. Brighton Jones LLC lifted its holdings in Williams Companies by 40.9% in the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock worth $740,000 after purchasing an additional 3,969 shares in the last quarter. State of Wyoming lifted its holdings in Williams Companies by 43.0% in the 4th quarter. State of Wyoming now owns 5,919 shares of the pipeline company's stock worth $320,000 after purchasing an additional 1,779 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Williams Companies during the 4th quarter worth approximately $5,049,000. Woodline Partners LP purchased a new stake in shares of Williams Companies during the 4th quarter worth approximately $3,962,000. Finally, Worldquant Millennium Advisors LLC raised its holdings in shares of Williams Companies by 172.3% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 141,046 shares of the pipeline company's stock worth $7,633,000 after acquiring an additional 89,254 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Down 0.3%

Shares of WMB stock traded down $0.19 during mid-day trading on Friday, hitting $60.19. The stock had a trading volume of 14,759,060 shares, compared to its average volume of 7,579,569. Williams Companies, Inc. has a 12-month low of $44.51 and a 12-month high of $63.45. The firm has a market capitalization of $73.39 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 1.97 and a beta of 0.65. The firm's 50-day moving average is $58.13 and its two-hundred day moving average is $58.46. 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 (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). 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 analysts' expectations of $2.90 billion. During the same quarter last year, the company earned $0.43 earnings per share. The company'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. On average, analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business 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. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies's dividend payout ratio (DPR) is 100.50%.

Wall Street Analysts Forecast Growth

WMB has been the topic of several recent research reports. Scotiabank upped their price objective on Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 15th. TD Cowen initiated coverage on Williams Companies in a report on Monday, July 7th. They set a "buy" rating and a $67.00 price objective on the stock. BMO Capital Markets started coverage on Williams Companies in a report on Friday. They set an "outperform" rating and a $66.00 price objective on the stock. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Finally, Wall Street Zen downgraded Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One equities research 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. Based on data from MarketBeat, Williams Companies presently has an average rating of "Moderate Buy" and an average target price of $63.07.

Insider Activity

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the sale, the chief operating officer directly owned 77,612 shares of the company's stock, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction that occurred on 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 sale, the senior vice president directly owned 311,645 shares in the company, 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. Over the last ninety days, insiders have sold 10,500 shares of company stock worth $623,115. 0.44% of the stock is owned by corporate insiders.

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.