Fairvoy Private Wealth LLC Has $1.32 Million Stake in Williams Companies, Inc. (The) $WMB

Fairvoy Private Wealth LLC boosted its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 515.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,020 shares of the pipeline company’s stock after buying an additional 17,605 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in Williams Companies were worth $1,320,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WMB. Nuveen LLC acquired a new stake in Williams Companies in the 1st quarter valued at $335,419,000. Goldman Sachs Group Inc. boosted its stake in Williams Companies by 45.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock valued at $677,623,000 after buying an additional 3,519,370 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in Williams Companies by 34.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company’s stock valued at $674,566,000 after buying an additional 2,861,988 shares in the last quarter. Voya Investment Management LLC raised its position in Williams Companies by 275.7% in the 1st quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company’s stock valued at $155,933,000 after purchasing an additional 1,914,730 shares during the last quarter. Finally, Congress Asset Management Co. bought a new position in Williams Companies in the 1st quarter valued at $112,706,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

WMB has been the subject of several research analyst reports. UBS Group lifted their price objective on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays lifted their price objective on Williams Companies from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $63.00 price objective on shares of Williams Companies in a research report on Tuesday, July 15th. Wolfe Research upgraded Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.53.

Williams Companies Trading Up 0.8%

Shares of WMB opened at $64.54 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 12-month low of $48.41 and a 12-month high of $65.55. The firm has a market capitalization of $78.70 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.14 and a beta of 0.65. The stock’s fifty day simple moving average is $59.14 and its 200-day simple moving average is $58.97.

Williams Companies (NYSE:WMB) last issued 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 firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $0.43 EPS. The company’s revenue was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, September 12th. Williams Companies’s dividend payout ratio is currently 100.50%.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated 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 owned 311,645 shares in the company, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Larry C. Larsen sold 4,500 shares of the company’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 completion of the sale, the chief operating officer owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock valued at $497,715 in the last quarter. 0.44% of the stock is currently owned by corporate 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.