Cyndeo Wealth Partners LLC Raises Position in Williams Companies, Inc. (The) $WMB

Cyndeo Wealth Partners LLC boosted its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,031 shares of the pipeline company’s stock after buying an additional 6,102 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Williams Companies were worth $8,984,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Chapin Davis Inc. boosted its stake in shares of Williams Companies by 1.6% during the 2nd quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock worth $688,000 after acquiring an additional 170 shares during the last quarter. TrueWealth Advisors LLC boosted its stake in shares of Williams Companies by 0.7% during the 2nd quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after acquiring an additional 182 shares during the last quarter. Castleview Partners LLC boosted its stake in shares of Williams Companies by 4.2% during the 1st quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company’s stock worth $268,000 after acquiring an additional 183 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in shares of Williams Companies by 1.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock worth $642,000 after acquiring an additional 184 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Williams Companies by 20.3% during the 1st quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock worth $65,000 after acquiring an additional 185 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares in the company, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction 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 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 8,500 shares of company stock worth $497,715. 0.44% of the stock is currently owned by insiders.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $63.08 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 company has a market cap of $76.91 billion, a P/E ratio of 31.70, a P/E/G ratio of 2.12 and a beta of 0.65. The firm’s fifty day moving average is $59.51 and its two-hundred day moving average is $59.07. Williams Companies, Inc. has a 52-week low of $49.17 and a 52-week high of $65.55.

Williams Companies (NYSE:WMB) last announced 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). The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared 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 payout ratio is currently 100.50%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TD Cowen started coverage on shares of Williams Companies in a research note on Monday, July 7th. They set a “buy” rating and a $67.00 price target on the stock. The Goldman Sachs Group lifted their target price on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. UBS Group lifted their target price on shares of Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Wolfe Research upgraded shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 13th. Finally, Wells Fargo & Company lifted their target price on shares of Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.94.

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.