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

Key Points

• CapWealth Advisors LLC reduced its holdings in Williams Companies by 1.0%, maintaining 794,624 shares which represent about 4.9% of its investment portfolio.
• The company reported a missed earnings estimate of $0.46 per share for the last quarter, with revenue at $2.78 billion, below the $2.90 billion expected by analysts.
• Williams Companies declared a quarterly dividend of $0.50 per share, reflecting a yield of 3.2%, with a dividend payout ratio of 100.50%.

CapWealth Advisors LLC lessened its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 1.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 794,624 shares of the pipeline company's stock after selling 8,347 shares during the quarter. Williams Companies makes up approximately 4.9% of CapWealth Advisors LLC's investment portfolio, making the stock its 2nd largest holding. CapWealth Advisors LLC owned approximately 0.07% of Williams Companies worth $49,910,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Williams Companies during the 1st quarter worth approximately $335,419,000. Goldman Sachs Group Inc. grew its position in shares of Williams Companies by 45.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company's stock worth $677,623,000 after buying an additional 3,519,370 shares during the period. Bahl & Gaynor Inc. grew its position in shares of Williams Companies by 34.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company's stock worth $674,566,000 after buying an additional 2,861,988 shares during the period. Voya Investment Management LLC grew its position in shares of Williams Companies by 275.7% during the 1st quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company's stock worth $155,933,000 after buying an additional 1,914,730 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Williams Companies by 6.0% during the 1st quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company's stock worth $1,770,336,000 after buying an additional 1,680,477 shares during the period. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Stock Performance

NYSE WMB opened at $62.39 on Friday. The company has a fifty day simple moving average of $59.95 and a 200 day simple moving average of $59.18. Williams Companies, Inc. has a 12-month low of $51.34 and a 12-month high of $65.55. 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 company has a market cap of $76.08 billion, a P/E ratio of 31.35, a PEG ratio of 2.08 and a beta of 0.65.

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 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 company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $0.43 earnings per share. Williams Companies's revenue was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.2%. Williams Companies's dividend payout ratio (DPR) is 100.50%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the firm'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 transaction, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction 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 transaction, the senior vice president owned 311,645 shares in the company, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,500 shares of company stock worth $497,715. Company insiders own 0.44% of the company's stock.

Wall Street Analyst Weigh In

WMB has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Williams Companies from $70.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, October 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $63.00 price objective on shares of Williams Companies in a research report on Tuesday, July 15th. The Goldman Sachs Group raised their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, October 2nd. Argus reissued a "buy" rating and issued a $66.00 price target on shares of Williams Companies in a research report on Thursday, August 14th. Finally, UBS Group lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Williams Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.73.

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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