Resonant Capital Advisors LLC Grows Stock Holdings in Williams Companies, Inc. (The) $WMB

Resonant Capital Advisors LLC grew its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 27.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,310 shares of the pipeline company’s stock after buying an additional 1,566 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Williams Companies were worth $459,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Flaharty Asset Management LLC purchased a new stake in Williams Companies during the first quarter valued at approximately $25,000. Saudi Central Bank purchased a new stake in Williams Companies in the 1st quarter worth about $29,000. Private Wealth Management Group LLC raised its position in Williams Companies by 104.8% in the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 240 shares during the period. Iron Horse Wealth Management LLC raised its position in Williams Companies by 4,490.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 494 shares during the period. Finally, Abound Financial LLC purchased a new stake in Williams Companies in the 1st quarter worth about $32,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $57.50 on Monday. The firm has a market cap of $70.12 billion, a P/E ratio of 28.90, a P/E/G ratio of 1.92 and a beta of 0.65. 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 $51.46 and a 12 month high of $65.55. The stock’s fifty day moving average price is $60.26 and its 200-day moving average price is $59.37.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities research analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies’s dividend payout ratio (DPR) is presently 100.50%.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WMB shares. TD Cowen started coverage on Williams Companies in a report on Monday, July 7th. They issued a “buy” rating and a $67.00 price target on the stock. Zacks Research downgraded Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Wells Fargo & Company lifted their target price on Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. UBS Group raised their price target on shares of Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Finally, Scotiabank raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.73.

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.