Pinion Investment Advisors LLC Sells 31,164 Shares of Williams Companies, Inc. (The) $WMB

Pinion Investment Advisors LLC lowered its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 50.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,866 shares of the pipeline company’s stock after selling 31,164 shares during the period. Pinion Investment Advisors LLC’s holdings in Williams Companies were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Williams Companies by 0.6% during the first quarter. Vanguard Group Inc. now owns 131,163,184 shares of the pipeline company’s stock valued at $7,838,312,000 after purchasing an additional 807,019 shares during the period. Wellington Management Group LLP raised its holdings in shares of Williams Companies by 6.0% during the first quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company’s stock valued at $1,770,336,000 after purchasing an additional 1,680,477 shares during the period. Deutsche Bank AG raised its holdings in shares of Williams Companies by 5.6% during the first quarter. Deutsche Bank AG now owns 17,520,491 shares of the pipeline company’s stock valued at $1,047,025,000 after purchasing an additional 932,998 shares during the period. Northern Trust Corp raised its holdings in shares of Williams Companies by 0.4% during the first quarter. Northern Trust Corp now owns 15,291,842 shares of the pipeline company’s stock valued at $913,840,000 after purchasing an additional 54,902 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Williams Companies by 45.0% during the first quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock valued at $677,623,000 after purchasing an additional 3,519,370 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the 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 $17,956,984.90. This represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,500 shares of company stock valued at $497,715 over the last three months. Insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WMB shares. Barclays upped their target price on shares of Williams Companies from $59.00 to $65.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 30th. Argus restated a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price on the stock in a report on Friday, August 15th. The Goldman Sachs Group upped their target price on shares of Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Finally, Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Moderate Buy” and a consensus target price of $65.94.

Williams Companies Trading Down 0.7%

Shares of WMB stock opened at $63.08 on Friday. Williams Companies, Inc. has a 52-week low of $49.17 and a 52-week high of $65.55. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The company has a 50-day simple moving average of $59.51 and a two-hundred day simple moving average of $59.07. The company has a market capitalization of $76.91 billion, a price-to-earnings ratio of 31.70, a PEG 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 return on equity of 16.23% and a net margin of 21.63%.The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the company posted $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 anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies’s dividend 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.