Heritage Wealth Advisors Has $26.79 Million Stake in Williams Companies, Inc. (The) $WMB

Heritage Wealth Advisors decreased its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 0.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 426,509 shares of the pipeline company’s stock after selling 2,985 shares during the period. Williams Companies makes up 1.3% of Heritage Wealth Advisors’ investment portfolio, making the stock its 25th biggest position. Heritage Wealth Advisors’ holdings in Williams Companies were worth $26,789,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chapin Davis Inc. increased its position in Williams Companies by 1.6% during the 2nd quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock valued at $688,000 after purchasing an additional 170 shares during the period. Wallace Advisory Group LLC grew its position in shares of Williams Companies by 2.6% during the 2nd quarter. Wallace Advisory Group LLC now owns 7,031 shares of the pipeline company’s stock worth $420,000 after buying an additional 176 shares during the period. Whittier Trust Co. grew its holdings in Williams Companies by 2.2% in the second quarter. Whittier Trust Co. now owns 8,177 shares of the pipeline company’s stock worth $514,000 after purchasing an additional 179 shares during the period. TrueWealth Advisors LLC increased its position in Williams Companies by 0.7% in the 2nd quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock valued at $1,559,000 after buying an additional 182 shares in the last quarter. Finally, Chesley Taft & Associates LLC increased its holdings in shares of Williams Companies by 1.8% during the second quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock valued at $642,000 after acquiring an additional 184 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMB has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. UBS Group upped their target price on shares of Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Cibc World Mkts upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Jefferies Financial Group decreased their price objective on Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, BMO Capital Markets dropped their target price on Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.21.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $60.53, for a total transaction of $242,120.00. Following the transaction, the senior vice president owned 302,645 shares of the company’s stock, valued at $18,319,101.85. This represents a 1.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is currently owned by insiders.

Williams Companies Stock Performance

Shares of WMB opened at $59.17 on Wednesday. The stock has a 50 day moving average of $60.76 and a 200 day moving average of $59.45. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $65.55. The company has a market capitalization of $72.25 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 1.91 and a beta of 0.64.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data 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 business 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 firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, sell-side analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 12th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

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.