Williams Companies, Inc. (The) $WMB Stake Cut by Spirit of America Management Corp NY

Key Points

• Spirit of America Management Corp NY reduced its stake in Williams Companies by 28% during the second quarter, now holding 183,432 shares valued at about $11.5 million.
• Williams Companies reported $0.46 EPS for the last quarter, falling short of analysts' expectations of $0.49, with revenue of $2.78 billion, below the forecast of $2.90 billion.
• The company declared a quarterly dividend of $0.50 per share, equivalent to a 3.2% yield, despite a dividend payout ratio exceeding 100%.

Spirit of America Management Corp NY lowered its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 28.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 183,432 shares of the pipeline company's stock after selling 71,500 shares during the quarter. Williams Companies makes up about 2.4% of Spirit of America Management Corp NY's holdings, making the stock its 2nd biggest position. Spirit of America Management Corp NY's holdings in Williams Companies were worth $11,521,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Flaharty Asset Management LLC purchased a new stake in Williams Companies in the 1st quarter valued at approximately $25,000. HWG Holdings LP acquired a new position in Williams Companies in the 1st quarter valued at $26,000. Private Wealth Management Group LLC raised its holdings in Williams Companies by 104.8% in the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company's stock valued at $29,000 after acquiring an additional 240 shares during the last quarter. Saudi Central Bank acquired a new position in Williams Companies in the 1st quarter valued at $29,000. Finally, Iron Horse Wealth Management LLC raised its holdings in Williams Companies by 4,490.9% in 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 last quarter. Hedge funds and other institutional investors own 86.44% of the company's stock.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction 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 completion of the sale, the chief operating officer 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. Over the last quarter, insiders sold 8,500 shares of company stock valued at $497,715. 0.44% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WMB shares. The Goldman Sachs Group boosted their price target on Williams Companies from $59.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, October 2nd. Wall Street Zen downgraded Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday, October 4th. Scotiabank boosted their price target on Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, July 15th. Wells Fargo & Company boosted their price target on Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Morgan Stanley boosted their price target on Williams Companies from $70.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $66.73.

Williams Companies Trading Down 0.2%

WMB stock opened at $62.39 on Friday. The company has a market cap of $76.08 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.08 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The business 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 52 week low of $51.34 and a 52 week high of $65.55.

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

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, September 12th. Williams Companies's dividend payout ratio is currently 100.50%.

Williams Companies Company 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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