Rehmann Capital Advisory Group Reduces Position in Williams Companies, Inc. (The) $WMB

Rehmann Capital Advisory Group reduced its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,127 shares of the pipeline company’s stock after selling 395 shares during the period. Rehmann Capital Advisory Group’s holdings in Williams Companies were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Williams Companies in the 1st quarter valued at about $335,419,000. Goldman Sachs Group Inc. lifted 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 buying an additional 3,519,370 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in Williams Companies by 34.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company’s stock valued at $674,566,000 after buying an additional 2,861,988 shares in the last quarter. Voya Investment Management LLC grew 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 buying an additional 1,914,730 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of 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 worth $1,770,336,000 after acquiring an additional 1,680,477 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WMB shares. Scotiabank boosted their price target on shares of Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a research note on Tuesday, July 15th. TD Cowen started coverage on shares of Williams Companies in a report on Monday, July 7th. They set a “buy” rating and a $67.00 price target for the company. BMO Capital Markets began coverage on Williams Companies in a report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price objective on the stock. Finally, The Goldman Sachs Group increased their price objective on Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Williams Companies has a consensus rating of “Moderate Buy” and a consensus target price of $66.73.

Williams Companies Stock Performance

Shares of WMB stock opened at $58.88 on Friday. 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 firm has a market cap of $71.80 billion, a P/E ratio of 29.59, a P/E/G ratio of 2.07 and a beta of 0.65. The firm’s 50 day moving average price is $60.26 and its 200-day moving average price is $59.29. Williams Companies, Inc. has a one year low of $51.46 and a one year high of $65.55.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 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 for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company earned $0.43 earnings per share. The firm’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. As a group, equities research analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, September 12th. Williams Companies’s dividend payout ratio (DPR) is 100.50%.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s 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 directly owned 311,645 shares in the company, valued at $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 is available at the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the firm’s 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 directly owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,500 shares of company stock valued at $497,715. 0.44% of the stock is currently owned by corporate insiders.

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.