Fidelis Capital Partners LLC Grows Position in Williams Companies, Inc. (The) $WMB

Fidelis Capital Partners LLC boosted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 132.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,248 shares of the pipeline company’s stock after acquiring an additional 38,274 shares during the period. Fidelis Capital Partners LLC’s holdings in Williams Companies were worth $4,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Private Wealth Management Group LLC increased its holdings in Williams Companies by 104.8% during the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after buying an additional 240 shares during the period. Hartford Funds Management Co LLC purchased a new position in shares of Williams Companies in the 2nd quarter valued at $29,000. Atlantic Union Bankshares Corp purchased a new position in shares of Williams Companies in the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC bought a new position in shares of Williams Companies in the 2nd quarter worth $35,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Williams Companies during the 3rd quarter worth $35,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Up 2.3%

Shares of Williams Companies stock opened at $66.96 on Thursday. The firm’s 50 day simple moving average is $60.83 and its two-hundred day simple moving average is $59.96. The firm has a market capitalization of $81.77 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.53 and a beta of 0.64. Williams Companies, Inc. has a 12-month low of $51.58 and a 12-month high of $67.01. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.73.

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 company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Williams Companies had a net margin of 20.61% and a return on equity of 16.74%. Williams Companies’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be paid a $0.525 dividend. The ex-dividend date is Friday, March 13th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 3.1%. Williams Companies’s dividend payout ratio (DPR) is 103.09%.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $61.90, for a total value of $123,800.00. Following the transaction, the senior vice president owned 297,545 shares in the company, valued at approximately $18,418,035.50. This represents a 0.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WMB shares. UBS Group reiterated a “buy” rating on shares of Williams Companies in a report on Monday, January 12th. TD Cowen boosted their price objective on shares of Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Barclays increased their target price on shares of Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Morgan Stanley lifted their price target on shares of 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 reiterated a “buy (b)” rating on shares of Williams Companies in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.29.

About Williams Companies

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.