Creative Planning Acquires 33,011 Shares of Williams Companies, Inc. (The) $WMB

Creative Planning increased its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 13.1% during the second quarter, Holdings Channel reports. The fund owned 284,057 shares of the pipeline company’s stock after acquiring an additional 33,011 shares during the quarter. Creative Planning’s holdings in Williams Companies were worth $17,842,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Flaharty Asset Management LLC bought a new position in Williams Companies during the first quarter worth $25,000. Saudi Central Bank acquired a new stake in shares of Williams Companies during the 1st quarter worth about $29,000. Private Wealth Management Group LLC boosted its holdings in shares of Williams Companies by 104.8% during the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after buying an additional 240 shares during the period. Hartford Funds Management Co LLC acquired a new position in Williams Companies in the 2nd quarter valued at about $29,000. Finally, Atlantic Union Bankshares Corp bought a new position in Williams Companies in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $59.93 on Tuesday. The stock has a market capitalization of $73.19 billion, a PE ratio of 30.12, a P/E/G ratio of 1.91 and a beta of 0.63. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The business has a fifty day moving average price of $60.73 and a two-hundred day moving average price of $59.46. Williams Companies, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $65.55.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) 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 company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, December 12th. Williams Companies’s dividend payout ratio is presently 103.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. CIBC upgraded Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price objective for the company in a report on Friday, August 15th. Mizuho raised Williams Companies to a “strong-buy” rating in a report on Monday, October 27th. Barclays upped their price objective on Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Morgan Stanley lifted their target price on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Williams Companies has a consensus rating of “Moderate Buy” and a consensus target price of $68.21.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the transaction, the senior vice president directly owned 302,645 shares in the company, valued at approximately $18,319,101.85. The trade was a 1.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

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.