Williams Companies, Inc. (The) $WMB Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC decreased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 4.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,812 shares of the pipeline company’s stock after selling 229 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Williams Companies were worth $302,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WMB. Nuveen LLC acquired a new position in shares of Williams Companies during the 1st quarter valued at about $335,419,000. Goldman Sachs Group Inc. increased its position in 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 worth $677,623,000 after purchasing an additional 3,519,370 shares during the last quarter. Bahl & Gaynor Inc. raised its stake in Williams Companies by 34.0% during the first quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company’s stock worth $674,566,000 after purchasing an additional 2,861,988 shares during the period. Voya Investment Management LLC boosted its holdings 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, Wellington Management Group LLP boosted its holdings in Williams Companies by 6.0% in the 1st 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 last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president owned 311,645 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies 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 completion of the transaction, the chief operating officer owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock worth $497,715 in the last three months. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 1.2%

Shares of NYSE WMB opened at $62.32 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The business’s 50 day moving average is $60.14 and its two-hundred day moving average is $59.25. Williams Companies, Inc. has a 52-week low of $51.46 and a 52-week high of $65.55. The firm has a market cap of $75.99 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.10 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 for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. 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 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Williams Companies’s dividend payout ratio is 100.50%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets began coverage on shares of Williams Companies in a report on Friday, September 19th. They set an “outperform” rating and a $66.00 price target for the company. Scotiabank raised their target price on Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 15th. Argus restated a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a research report on Thursday, August 14th. The Goldman Sachs Group increased their price target on Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Finally, Wells Fargo & Company raised their price objective on Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.73.

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.