Wilmington Savings Fund Society FSB Decreases Stock Position in Williams Companies, Inc. (The) $WMB

Key Points

• Wilmington Savings Fund Society FSB reduced its stake in Williams Companies, Inc. by 21.7%, selling 7,768 shares during the second quarter, leaving them with 28,084 shares valued at $1,764,000.
• Several institutional investors, including RFG Advisory LLC and Alpine Woods Capital Investors LLC, increased their positions in Williams Companies significantly, indicating renewed interest in the stock.
• Williams Companies' latest earnings report showed a quarterly revenue of $2.78 billion, below analyst estimates, and a quarterly dividend of $0.50 per share was recently paid, reflecting a dividend yield of 3.1%.

Wilmington Savings Fund Society FSB lessened its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 21.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,084 shares of the pipeline company's stock after selling 7,768 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Williams Companies were worth $1,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. RFG Advisory LLC boosted its holdings in Williams Companies by 141.1% in the 2nd quarter. RFG Advisory LLC now owns 8,481 shares of the pipeline company's stock worth $533,000 after acquiring an additional 4,964 shares during the period. Alpine Woods Capital Investors LLC boosted its stake in shares of Williams Companies by 19.9% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 79,228 shares of the pipeline company's stock valued at $4,976,000 after buying an additional 13,144 shares during the last quarter. Cornerstone Wealth Group LLC boosted its stake in shares of Williams Companies by 1.2% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 171,441 shares of the pipeline company's stock valued at $10,768,000 after buying an additional 2,116 shares during the last quarter. Kellett Wealth Advisors LLC purchased a new position in shares of Williams Companies during the 2nd quarter valued at approximately $264,000. Finally, Heartland Bank & Trust Co purchased a new position in shares of Williams Companies during the 2nd quarter valued at approximately $750,000. Hedge funds and other institutional investors own 86.44% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on WMB. TD Cowen began coverage on Williams Companies in a research note on Monday, July 7th. They set 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 target price for the company in a research note on Friday, August 15th. Cibc World Mkts upgraded Williams Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Wall Street Zen lowered Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. Finally, Barclays upped their price target on Williams Companies from $65.00 to $66.00 and gave the company an "equal weight" rating in a research report on Tuesday. 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.00.

Williams Companies Stock Performance

WMB stock opened at $63.77 on Thursday. 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 has a market cap of $77.76 billion, a P/E ratio of 32.05, a P/E/G ratio of 2.08 and a beta of 0.65. Williams Companies, Inc. has a 12-month low of $50.80 and a 12-month high of $65.55. The stock's 50 day simple moving average is $59.77 and its 200 day simple moving average is $59.15.

Williams Companies (NYSE:WMB - Get Free Report) last issued its 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). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business earned $0.43 earnings per share. Williams Companies's quarterly 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. As a group, equities research analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies's dividend payout ratio (DPR) is 100.50%.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the transaction, the senior vice president directly owned 311,645 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the firm's 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 transaction, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This trade represents 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 three months. Corporate insiders own 0.44% of the company's stock.

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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