Schulhoff & Co. Inc. Cuts Position in Williams Companies, Inc. (The) $WMB

Schulhoff & Co. Inc. cut its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 22.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,880 shares of the pipeline company’s stock after selling 2,520 shares during the period. Schulhoff & Co. Inc.’s holdings in Williams Companies were worth $558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. grew its position in Williams Companies by 17.5% in the second quarter. Cullen Frost Bankers Inc. now owns 8,928 shares of the pipeline company’s stock worth $561,000 after acquiring an additional 1,328 shares in the last quarter. Sanders Morris Harris LLC purchased a new position in Williams Companies in the second quarter worth $247,000. Wallace Advisory Group LLC grew its position in Williams Companies by 2.6% in the second quarter. Wallace Advisory Group LLC now owns 7,031 shares of the pipeline company’s stock worth $420,000 after acquiring an additional 176 shares in the last quarter. Whittier Trust Co. grew its position in Williams Companies by 2.2% in the second quarter. Whittier Trust Co. now owns 8,177 shares of the pipeline company’s stock worth $514,000 after acquiring an additional 179 shares in the last quarter. Finally, Divergent Planning LLC purchased a new stake in Williams Companies during the second quarter valued at about $1,185,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the sale, the chief operating officer owned 77,612 shares in the company, 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 can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the completion of the sale, the senior vice president owned 311,645 shares in the company, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,500 shares of company stock worth $497,715. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

WMB stock opened at $62.32 on Wednesday. Williams Companies, Inc. has a 1 year low of $51.46 and a 1 year high of $65.55. The company has a market cap of $75.99 billion, a P/E ratio of 31.32, a PEG ratio of 2.10 and a beta of 0.65. The firm has a 50-day moving average of $60.14 and a 200 day moving average of $59.25. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB) last released 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 the consensus estimate of $2.90 billion. During the same period in the previous year, the company earned $0.43 earnings per share. Williams Companies’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. On average, sell-side analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Morgan Stanley upped their price target on shares of Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Williams Companies in a research note on Tuesday, October 14th. The Goldman Sachs Group increased 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, Argus reiterated a “buy” rating and set a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.73.

About Williams Companies

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.