Williams Companies, Inc. (The) $WMB Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 22.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 40,246 shares of the pipeline company's stock after acquiring an additional 7,464 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Williams Companies were worth $2,528,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in WMB. Chapin Davis Inc. boosted its stake in Williams Companies by 1.6% during the 2nd quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company's stock worth $688,000 after purchasing an additional 170 shares during the last quarter. TrueWealth Advisors LLC boosted its position 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 acquiring an additional 182 shares during the last quarter. Castleview Partners LLC boosted its position 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 acquiring an additional 183 shares during the last quarter. Chesley Taft & Associates LLC boosted its position 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 acquiring an additional 184 shares during the last quarter. Finally, Quarry LP boosted its position 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 acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WMB shares. TD Cowen initiated coverage on shares of Williams Companies in a research report on Monday, July 7th. They set a "buy" rating and a $67.00 price target on the stock. Jefferies Financial Group initiated coverage on shares of Williams Companies in a research report on Thursday, October 9th. They issued a "buy" rating and a $72.00 target price on the stock. Morgan Stanley upped their target price on shares of Williams Companies from $70.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, October 2nd. UBS Group upped their target price on shares of Williams Companies from $74.00 to $78.00 and gave the company a "buy" rating in a research report on Tuesday, September 30th. Finally, Wall Street Zen cut shares of Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $66.00.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company'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 transaction of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares in the company, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the sale, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock worth $497,715 over the last 90 days. Insiders own 0.44% of the company's stock.

Williams Companies Stock Down 0.5%

Shares of NYSE:WMB opened at $62.35 on Wednesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The firm has a market capitalization of $76.03 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 2.09 and a beta of 0.65. The firm's 50-day moving average is $59.66 and its two-hundred day moving average is $59.12. Williams Companies, Inc. has a 1 year low of $50.29 and a 1 year high of $65.55.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.03). The business had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, September 12th. Williams Companies's dividend payout ratio is presently 100.50%.

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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