Interval Partners LP Sells 34,407 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Interval Partners LP reduced its holdings in Williams Companies by 43.4% in the 1st quarter, now owning 44,961 shares worth approximately $2.69 million.
• Williams Companies stock is currently rated as a Moderate Buy with a consensus target price of $62.86 per share, according to sell-side analysts.
• The company reported earnings of $0.46 per share for the last quarter, missing analysts' expectations by $0.03 and generating revenues of $2.78 billion.

Interval Partners LP cut its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 43.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,961 shares of the pipeline company's stock after selling 34,407 shares during the quarter. Interval Partners LP's holdings in Williams Companies were worth $2,687,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in WMB. Brighton Jones LLC grew its position in shares of Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock valued at $740,000 after purchasing an additional 3,969 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in Williams Companies during the fourth quarter worth about $792,000. Crestline Management LP lifted its stake in shares of Williams Companies by 131.1% in the 4th quarter. Crestline Management LP now owns 13,189 shares of the pipeline company's stock valued at $714,000 after acquiring an additional 7,483 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Williams Companies by 21.2% in the 4th quarter. CoreCap Advisors LLC now owns 17,181 shares of the pipeline company's stock valued at $930,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Colonial Trust Co SC lifted its stake in shares of Williams Companies by 6.7% in the 4th quarter. Colonial Trust Co SC now owns 3,472 shares of the pipeline company's stock valued at $188,000 after acquiring an additional 219 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WMB shares. TD Cowen assumed coverage on Williams Companies in a research note on Monday, July 7th. They issued a "buy" rating and a $67.00 target price for the company. CIBC upgraded Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price target on the stock in a report on Friday, August 15th. Argus reiterated a "buy" rating and set a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. Cibc World Mkts upgraded Williams Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Finally, Wells Fargo & Company boosted their price target on Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. One 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $62.86.

Williams Companies Stock Up 0.6%

WMB stock traded up $0.34 during midday trading on Thursday, hitting $59.10. The company's stock had a trading volume of 1,553,215 shares, compared to its average volume of 7,557,138. The company has a market cap of $72.06 billion, a PE ratio of 29.73, a P/E/G ratio of 1.92 and a beta of 0.65. Williams Companies, Inc. has a 12 month low of $44.49 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. The firm's 50-day moving average is $58.02 and its 200-day moving average is $58.38.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. Williams Companies's quarterly revenue was up 19.0% compared to the same quarter last year. During the same period 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 forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, September 12th. Williams Companies's dividend payout ratio is 100.50%.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the completion of the transaction, the senior vice president owned 311,645 shares in the company, valued at $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer owned 77,612 shares of the company's stock, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,500 shares of company stock valued at $623,115 over the last 90 days. 0.44% of the stock is currently owned by company 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.