Mengis Capital Management Inc. Sells 201 Shares of Williams Companies, Inc. (The) $WMB

Mengis Capital Management Inc. decreased its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,231 shares of the pipeline company’s stock after selling 201 shares during the period. Mengis Capital Management Inc.’s holdings in Williams Companies were worth $329,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Williams Companies by 0.6% in the first quarter. Vanguard Group Inc. now owns 131,163,184 shares of the pipeline company’s stock worth $7,838,312,000 after acquiring an additional 807,019 shares during the period. Wellington Management Group LLP boosted its stake in shares of 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 acquiring an additional 1,680,477 shares during the period. Deutsche Bank AG boosted its stake in shares of Williams Companies by 5.6% in the first quarter. Deutsche Bank AG now owns 17,520,491 shares of the pipeline company’s stock worth $1,047,025,000 after acquiring an additional 932,998 shares during the period. Northern Trust Corp boosted its stake in shares of Williams Companies by 0.4% in the first quarter. Northern Trust Corp now owns 15,291,842 shares of the pipeline company’s stock worth $913,840,000 after acquiring an additional 54,902 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Williams Companies by 45.0% in the first quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock worth $677,623,000 after acquiring an additional 3,519,370 shares during the period. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Down 0.7%

Shares of WMB stock opened at $63.08 on Friday. Williams Companies, Inc. has a 1 year low of $49.17 and a 1 year high of $65.55. 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 stock’s 50 day simple moving average is $59.51 and its two-hundred day simple moving average is $59.07. The company has a market cap of $76.91 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 2.12 and a beta of 0.65.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data 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 net margin of 21.63% and a return on equity of 16.23%. The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the company earned $0.43 earnings per share. The company’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. Research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, September 12th. Williams Companies’s dividend payout ratio is presently 100.50%.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the sale, the senior vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was 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 in the company, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,500 shares of company stock worth $497,715. Company insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wolfe Research upgraded Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. TD Cowen assumed coverage on Williams Companies in a research report on Monday, July 7th. They issued a “buy” rating and a $67.00 target price on the stock. Wall Street Zen downgraded Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. BMO Capital Markets assumed coverage on Williams Companies in a research report on Friday, September 19th. They issued an “outperform” rating and a $66.00 target price on the stock. Finally, Argus reiterated a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.94.

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.