J.Safra Asset Management Corp Buys 276 Shares of Williams Companies, Inc. (The) $WMB

J.Safra Asset Management Corp grew its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,530 shares of the pipeline company’s stock after acquiring an additional 276 shares during the quarter. J.Safra Asset Management Corp’s holdings in Williams Companies were worth $221,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Chapin Davis Inc. increased its holdings in Williams Companies by 1.6% in the 2nd quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock worth $688,000 after buying an additional 170 shares in the last quarter. TrueWealth Advisors LLC increased its holdings in Williams Companies by 0.7% in the 2nd quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after buying an additional 182 shares in the last quarter. Castleview Partners LLC increased its holdings in Williams Companies by 4.2% in the 1st quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company’s stock worth $268,000 after buying an additional 183 shares in the last quarter. Chesley Taft & Associates LLC increased its holdings in Williams Companies by 1.8% in the 2nd quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock worth $642,000 after buying an additional 184 shares in the last quarter. Finally, Quarry LP increased its holdings in Williams Companies by 20.3% in the 1st quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock worth $65,000 after buying an additional 185 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Down 0.5%

Shares of NYSE:WMB opened at $62.35 on Wednesday. The stock has a market capitalization of $76.03 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.09 and a beta of 0.65. 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 stock’s 50-day simple moving average is $59.66 and its two-hundred day simple moving average is $59.12. Williams Companies, Inc. has a 52-week low of $50.29 and a 52-week high of $65.55.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share 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 period in the previous year, the firm earned $0.43 earnings per share. The firm’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. Analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed 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 payout ratio is presently 100.50%.

Insider Transactions at Williams Companies

In other news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction dated Monday, August 11th. The stock was 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. The trade was a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the transaction, the senior vice president directly owned 311,645 shares in the company, 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. Over the last ninety days, insiders have sold 8,500 shares of company stock worth $497,715. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Cibc World Mkts upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Scotiabank lifted their price objective on Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 15th. Wall Street Zen cut Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Jefferies Financial Group started coverage on Williams Companies in a research report on Thursday, October 9th. They issued a “buy” rating and a $72.00 target price on the stock. Finally, TD Cowen started 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. 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 company’s stock. According to MarketBeat.com, Williams Companies presently has an average rating of “Moderate Buy” and a consensus target price of $66.00.

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.