Williams Companies, Inc. (The) $WMB Shares Acquired by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC has increased its holdings in Williams Companies by 2.5%, now owning approximately 2.4% of the company's investment portfolio.
• Williams Companies reported a quarterly EPS of $0.46, missing estimates by $0.03, despite a revenue increase of 19% year-over-year.
• The company announced a quarterly dividend of $0.50 per share, representing an annualized dividend yield of 3.5%.

Energy Income Partners LLC lifted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,088,347 shares of the pipeline company's stock after purchasing an additional 50,878 shares during the quarter. Williams Companies comprises approximately 2.4% of Energy Income Partners LLC's investment portfolio, making the stock its 11th biggest position. Energy Income Partners LLC owned 0.17% of Williams Companies worth $124,800,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WMB. Menard Financial Group LLC purchased a new stake in shares of Williams Companies in the 4th quarter valued at approximately $26,000. HWG Holdings LP purchased a new position in shares of Williams Companies during the first quarter worth $26,000. Saudi Central Bank purchased a new stake in Williams Companies during the first quarter worth about $29,000. Iron Horse Wealth Management LLC lifted its position in shares of Williams Companies by 4,490.9% during the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock worth $30,000 after purchasing an additional 494 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in Williams Companies during the 1st quarter worth $32,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Stock Performance

Shares of WMB opened at $57.88 on Friday. The company's 50 day simple moving average is $58.58 and its 200-day simple moving average is $58.39. The firm has a market cap of $70.58 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.93 and a beta of 0.66. Williams Companies, Inc. has a 12-month low of $43.98 and a 12-month high of $63.45. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly 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 net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter last year, the company earned $0.43 EPS. 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 analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, September 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Williams Companies's dividend payout ratio is 100.50%.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $59.68, for a total value of $119,360.00. Following the transaction, the senior vice president owned 313,645 shares in the company, valued at $18,718,333.60. The trade was a 0.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were 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 represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,500 shares of company stock worth $507,875. Corporate insiders own 0.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Scotiabank boosted their target price on shares of Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 15th. Cibc World Mkts raised Williams Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Barclays increased their price objective on Williams Companies from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. TD Cowen initiated coverage on Williams Companies in a report on Monday, July 7th. They issued a "buy" rating and a $67.00 price target for the company. Finally, Wells Fargo & Company increased 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Williams Companies currently has a consensus rating of "Moderate Buy" and an average price target of $62.86.

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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