L & S Advisors Inc Sells 2,803 Shares of Williams Companies, Inc. (The) $WMB

L & S Advisors Inc lessened its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 2.1% in the second quarter, Holdings Channel.com reports. The fund owned 131,558 shares of the pipeline company’s stock after selling 2,803 shares during the period. L & S Advisors Inc’s holdings in Williams Companies were worth $8,263,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of Williams Companies by 40.9% in the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock worth $740,000 after purchasing an additional 3,969 shares during the period. CWM LLC raised its stake in Williams Companies by 10.5% in the first quarter. CWM LLC now owns 70,524 shares of the pipeline company’s stock worth $4,215,000 after buying an additional 6,701 shares in the last quarter. Bridgewater Advisors Inc. purchased a new stake in Williams Companies in the first quarter worth about $241,000. Bryn Mawr Capital Management LLC bought a new stake in Williams Companies during the 1st quarter valued at approximately $265,000. Finally, Welch & Forbes LLC purchased a new position in shares of Williams Companies during the 1st quarter worth approximately $431,000. Institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WMB shares. Morgan Stanley raised their target price on Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Jefferies Financial Group decreased their price objective on Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. 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. Zacks Research lowered shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Finally, Barclays boosted their price objective on shares of Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Williams Companies has an average rating of “Moderate Buy” and a consensus price target of $68.21.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $60.53, for a total transaction of $242,120.00. Following the completion of the sale, the senior vice president owned 302,645 shares in the company, valued at approximately $18,319,101.85. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.44% of the company’s stock.

Williams Companies Trading Down 1.5%

Shares of NYSE WMB opened at $59.51 on Friday. The firm’s 50 day moving average price is $60.59 and its 200-day moving average price is $59.44. Williams Companies, Inc. has a 52-week low of $51.58 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 market cap of $72.67 billion, a PE ratio of 29.90, a P/E/G ratio of 1.91 and a beta of 0.63.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.Williams Companies’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities research analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Williams Companies’s dividend payout ratio is 103.09%.

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.