Bingham Private Wealth LLC Sells 665 Shares of Williams Companies, Inc. (The) $WMB

Bingham Private Wealth LLC cut its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 5.4% in the second quarter, Holdings Channel reports. The fund owned 11,547 shares of the pipeline company’s stock after selling 665 shares during the quarter. Bingham Private Wealth LLC’s holdings in Williams Companies were worth $725,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Williams Companies by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 131,163,184 shares of the pipeline company’s stock worth $7,838,312,000 after purchasing an additional 807,019 shares during the period. Wellington Management Group LLP raised its stake in Williams Companies by 6.0% in the first quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company’s stock worth $1,770,336,000 after buying an additional 1,680,477 shares in the last quarter. Deutsche Bank AG lifted its holdings in Williams Companies by 5.6% during the first quarter. Deutsche Bank AG now owns 17,520,491 shares of the pipeline company’s stock worth $1,047,025,000 after buying an additional 932,998 shares during the period. Northern Trust Corp boosted its position in Williams Companies by 0.4% during the 1st quarter. Northern Trust Corp now owns 15,291,842 shares of the pipeline company’s stock valued at $913,840,000 after acquiring an additional 54,902 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of 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 acquiring an additional 3,519,370 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the subject of a number of analyst reports. TD Cowen assumed coverage on Williams Companies in a research note on Monday, July 7th. They set a “buy” rating and a $67.00 price objective for the company. Wolfe Research raised shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. CIBC upgraded shares of 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. Wells Fargo & Company boosted their price objective on shares of Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, The Goldman Sachs Group increased their target price on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.53.

Insider Activity

In other news, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction dated Monday, August 11th. The stock was 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $115,240.00. Following the completion of the transaction, the senior vice president owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,500 shares of company stock worth $497,715. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 1.4%

WMB stock opened at $63.59 on Tuesday. The firm has a 50 day moving average of $59.26 and a 200 day moving average of $58.99. The stock has a market capitalization of $77.54 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.15 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. Williams Companies, Inc. has a 52 week low of $48.51 and a 52 week high of $65.55.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.90 billion. During the same period in the prior year, the business posted $0.43 EPS. The company’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. Sell-side analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. Williams Companies’s payout ratio is currently 100.50%.

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.