Cherokee Insurance Co Takes Position in Williams Companies, Inc. (The) $WMB

Cherokee Insurance Co acquired a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 24,729 shares of the pipeline company’s stock, valued at approximately $1,553,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chapin Davis Inc. boosted its position in shares of Williams Companies by 1.6% in the second quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock worth $688,000 after purchasing an additional 170 shares during the period. Wallace Advisory Group LLC raised its position in shares of Williams Companies by 2.6% during the 2nd quarter. Wallace Advisory Group LLC now owns 7,031 shares of the pipeline company’s stock valued at $420,000 after purchasing an additional 176 shares during the period. Whittier Trust Co. lifted its stake in shares of Williams Companies by 2.2% during the 2nd quarter. Whittier Trust Co. now owns 8,177 shares of the pipeline company’s stock valued at $514,000 after buying an additional 179 shares in the last quarter. TrueWealth Advisors LLC boosted 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 during the period. Finally, Chesley Taft & Associates LLC increased its stake 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. Institutional investors own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WMB. Mizuho raised Williams Companies to a “strong-buy” rating in a research note on Monday, October 27th. Argus reissued a “buy” rating and issued a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Barclays boosted their target price on shares of Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Finally, Morgan Stanley upped their target price on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.86.

Williams Companies Stock Down 0.3%

NYSE WMB opened at $60.43 on Thursday. The stock has a 50 day moving average price of $60.55 and a 200-day moving average price of $59.44. Williams Companies, Inc. has a one year low of $51.58 and a one year 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 capitalization of $73.80 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.91 and a beta of 0.63.

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

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be given a $0.50 dividend. The ex-dividend date is Friday, December 12th. This represents a $2.00 annualized dividend and a yield of 3.3%. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was 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 of the company’s stock, valued at $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is owned by insiders.

Williams Companies Company 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.