Transcend Capital Advisors LLC Trims Stake in Williams Companies, Inc. (The) $WMB

Transcend Capital Advisors LLC lowered its position in Williams Companies, Inc. (The) (NYSE:WMB) by 66.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,819 shares of the pipeline company’s stock after selling 25,526 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Williams Companies were worth $805,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Williams Companies by 1.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company’s stock valued at $34,489,000 after acquiring an additional 6,816 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its stake in Williams Companies by 362.5% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company’s stock worth $87,608,000 after buying an additional 1,149,045 shares during the period. Golden State Wealth Management LLC increased its stake in Williams Companies by 9.4% in the 1st quarter. Golden State Wealth Management LLC now owns 4,788 shares of the pipeline company’s stock worth $286,000 after buying an additional 410 shares during the period. Miller Howard Investments Inc. NY increased its stake in Williams Companies by 3.7% in the 1st quarter. Miller Howard Investments Inc. NY now owns 709,113 shares of the pipeline company’s stock worth $42,377,000 after buying an additional 25,016 shares during the period. Finally, ORG Partners LLC increased its stake in Williams Companies by 153.4% in the 2nd quarter. ORG Partners LLC now owns 831 shares of the pipeline company’s stock worth $49,000 after buying an additional 503 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Down 0.2%

NYSE:WMB opened at $57.58 on Wednesday. Williams Companies, Inc. has a one year low of $51.46 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 firm has a market cap of $70.21 billion, a P/E ratio of 28.93, a P/E/G ratio of 1.93 and a beta of 0.65. The firm has a 50-day simple moving average of $60.30 and a 200-day simple moving average of $59.40.

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

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred 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 transaction, the senior vice president owned 311,645 shares of the company’s stock, valued at $17,956,984.90. The trade was a 0.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the completion of the transaction, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 8,500 shares of company stock worth $497,715. Insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on WMB. Cibc World Mkts raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Zacks Research downgraded shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. The Goldman Sachs Group raised their price target on shares of Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Finally, CIBC raised shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target on the stock in a research note on Friday, August 15th. One equities research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.73.

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.