Freedom Day Solutions LLC Purchases 35,902 Shares of Williams Companies, Inc. (The) $WMB

Freedom Day Solutions LLC grew its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 195.9% in the 2nd quarter, Holdings Channel reports. The firm owned 54,226 shares of the pipeline company’s stock after purchasing an additional 35,902 shares during the period. Williams Companies makes up about 0.9% of Freedom Day Solutions LLC’s portfolio, making the stock its 20th biggest position. Freedom Day Solutions LLC’s holdings in Williams Companies were worth $3,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Chapin Davis Inc. lifted its stake in 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 acquiring an additional 170 shares during the period. TrueWealth Advisors LLC lifted its stake in Williams Companies by 0.7% in the second 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 period. Castleview Partners LLC lifted its stake in Williams Companies by 4.2% in the first 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 period. Chesley Taft & Associates LLC lifted its stake in Williams Companies by 1.8% in the second 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 period. Finally, Quarry LP lifted its stake in Williams Companies by 20.3% in the first 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 period. 86.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Larry C. Larsen sold 4,500 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the transaction, the senior vice president owned 311,645 shares in the company, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,500 shares of company stock worth $497,715. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $63.08 on Friday. Williams Companies, Inc. has a one year low of $49.17 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 $76.91 billion, a PE ratio of 31.70, a P/E/G ratio of 2.12 and a beta of 0.65. The company has a 50-day simple moving average of $59.51 and a two-hundred day simple moving average of $59.07.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company earned $0.43 EPS. The business’s revenue was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. 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 was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, September 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Williams Companies’s dividend payout ratio is 100.50%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Scotiabank upped their price objective on shares of Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 15th. Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Argus reiterated a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Finally, CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price for the company in a report on Friday, August 15th. One 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 MarketBeat, Williams Companies presently has a consensus rating of “Moderate Buy” and an average target price of $65.94.

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.