Greenland Capital Management LP Makes New $1.73 Million Investment in Williams Companies, Inc. (The) $WMB

Greenland Capital Management LP bought a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) in the 2nd quarter, Holdings Channel reports. The firm bought 27,590 shares of the pipeline company’s stock, valued at approximately $1,733,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Williams Companies by 40.9% during the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after purchasing an additional 3,969 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Williams Companies by 309.8% in the first quarter. IFP Advisors Inc now owns 29,425 shares of the pipeline company’s stock worth $1,759,000 after purchasing an additional 22,244 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Williams Companies by 200.2% during the first quarter. J.W. Cole Advisors Inc. now owns 34,912 shares of the pipeline company’s stock valued at $2,086,000 after purchasing an additional 23,283 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Williams Companies by 749.5% during the first quarter. Los Angeles Capital Management LLC now owns 78,537 shares of the pipeline company’s stock valued at $4,693,000 after buying an additional 69,292 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its holdings in Williams Companies by 3.3% in the 1st quarter. HighPoint Advisor Group LLC now owns 32,541 shares of the pipeline company’s stock worth $1,942,000 after buying an additional 1,033 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 4,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total transaction of $242,120.00. Following the completion of the transaction, the senior vice president owned 302,645 shares in the company, valued at $18,319,101.85. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.44% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on WMB shares. Barclays increased their price objective 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. Wells Fargo & Company raised their price target on Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Cibc World Mkts upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. CIBC upgraded Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target for the company in a research note on Friday, August 15th. Finally, Morgan Stanley raised their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.21.

Williams Companies Trading Down 1.2%

Shares of Williams Companies stock opened at $59.17 on Wednesday. The company has a market capitalization of $72.25 billion, a P/E ratio of 29.73, a P/E/G ratio of 1.91 and a beta of 0.64. 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 fifty day moving average of $60.76 and a 200 day moving average of $59.45. 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 announced its quarterly earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.87 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business’s revenue was up 10.2% 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. On average, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm 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. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, December 12th. Williams Companies’s payout ratio is currently 103.09%.

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.