Portside Wealth Group LLC Sells 1,946 Shares of Williams Companies, Inc. (The) $WMB

Portside Wealth Group LLC trimmed its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 9.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,739 shares of the pipeline company’s stock after selling 1,946 shares during the quarter. Portside Wealth Group LLC’s holdings in Williams Companies were worth $1,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after acquiring an additional 3,969 shares during the period. IFP Advisors Inc raised its position in shares of Williams Companies by 309.8% during 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 period. J.W. Cole Advisors Inc. lifted its holdings in shares of Williams Companies by 200.2% during the 1st 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 grew its position in shares of Williams Companies by 749.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 78,537 shares of the pipeline company’s stock valued at $4,693,000 after purchasing an additional 69,292 shares during the period. Finally, HighPoint Advisor Group LLC raised its holdings in Williams Companies by 3.3% during 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 during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WMB. Argus reiterated a “buy” rating and issued a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research report on Monday. Jefferies Financial Group lowered their target price on Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. TD Cowen boosted their price target on Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, BMO Capital Markets reduced their price objective on Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Two 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.21.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president owned 302,645 shares in the company, valued at $18,319,101.85. This represents a 1.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.44% of the stock is owned by company insiders.

Williams Companies Trading Down 1.2%

Shares of NYSE:WMB opened at $59.17 on Wednesday. The company’s 50-day moving average price is $60.76 and its two-hundred day moving average price is $59.45. Williams Companies, Inc. has a one year low of $51.58 and a one year high of $65.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The stock has a market capitalization of $72.25 billion, a PE ratio of 29.73, a price-to-earnings-growth 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 for the quarter, missing the consensus estimate of $0.51 by ($0.02). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the business earned $0.43 EPS. Williams Companies’s revenue was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities analysts forecast 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 will be paid on Monday, December 29th. Shareholders of record on Friday, December 12th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Williams Companies’s payout ratio is 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.