Williams Companies, Inc. (The) $WMB Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 17.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,350 shares of the pipeline company’s stock after acquiring an additional 6,118 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Williams Companies were worth $2,534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Salem Investment Counselors Inc. increased its stake in shares of Williams Companies by 13.6% during the second quarter. Salem Investment Counselors Inc. now owns 1,883 shares of the pipeline company’s stock worth $118,000 after acquiring an additional 225 shares during the period. TrueWealth Advisors LLC increased its stake in shares of Williams Companies by 0.7% during the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after acquiring an additional 182 shares during the period. Capital Market Strategies LLC increased its stake in shares of Williams Companies by 67.1% during the second quarter. Capital Market Strategies LLC now owns 6,601 shares of the pipeline company’s stock worth $415,000 after acquiring an additional 2,650 shares during the period. Harbor Investment Advisory LLC increased its stake in shares of Williams Companies by 13.5% during the second quarter. Harbor Investment Advisory LLC now owns 2,045 shares of the pipeline company’s stock worth $128,000 after acquiring an additional 243 shares during the period. Finally, Kera Capital Partners Inc. acquired a new position in shares of Williams Companies during the second quarter worth about $236,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Down 0.8%

Shares of NYSE WMB opened at $58.84 on Friday. Williams Companies, Inc. has a 12-month low of $44.51 and a 12-month high of $63.45. The company has a market capitalization of $71.75 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 1.98 and a beta of 0.65. 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’s 50-day moving average is $58.05 and its two-hundred day moving average is $58.42.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) 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 business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

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

Analyst Upgrades and Downgrades

WMB has been the topic of a number of recent analyst reports. Argus reiterated a “buy” rating and set a $66.00 price target on shares of Williams Companies in a research note on Thursday, August 14th. Royal Bank Of Canada reissued an “outperform” rating and set a $63.00 price objective on shares of Williams Companies in a report on Tuesday, July 15th. Cibc World Mkts raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, CIBC raised shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price objective on the stock in a report on Friday, August 15th. 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.86.

Insider Activity

In other news, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 77,612 shares of the company’s stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’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 completion of the transaction, the senior vice president directly owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock worth $623,115 in the last ninety days. Insiders own 0.44% of the company’s stock.

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.