US Bancorp DE Acquires 3,842 Shares of Williams Companies, Inc. (The) $WMB

US Bancorp DE increased its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 388,328 shares of the pipeline company’s stock after acquiring an additional 3,842 shares during the quarter. US Bancorp DE’s holdings in Williams Companies were worth $24,391,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of WMB. Flaharty Asset Management LLC bought a new position in Williams Companies during the first quarter worth about $25,000. HWG Holdings LP bought a new position in Williams Companies during the first quarter worth about $26,000. Saudi Central Bank bought a new position in Williams Companies during the first quarter worth about $29,000. Iron Horse Wealth Management LLC increased its position in Williams Companies by 4,490.9% during the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 494 shares during the period. Finally, Abound Financial LLC bought a new position in Williams Companies during the first quarter worth about $32,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Down 0.8%

NYSE:WMB opened at $62.60 on Friday. The firm’s 50 day simple moving average is $59.55 and its 200 day simple moving average is $59.08. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. Williams Companies, Inc. has a one year low of $49.30 and a one year high of $65.55. The company has a market cap of $76.33 billion, a PE ratio of 31.46, a P/E/G ratio of 2.10 and a beta of 0.65.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. 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. On average, research analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.2%. Williams Companies’s dividend payout ratio (DPR) is presently 100.50%.

Insider Activity at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the transaction, the senior vice president owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,500 shares of company stock valued at $497,715. Company insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on WMB. Royal Bank Of Canada reiterated an “outperform” rating and set a $63.00 price objective on shares of Williams Companies in a research note on Tuesday, July 15th. The Goldman Sachs Group increased their price objective 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. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a research note on Saturday, September 27th. Finally, BMO Capital Markets began coverage on shares of Williams Companies in a research note on Friday, September 19th. They set an “outperform” rating and a $66.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Williams Companies presently has a consensus rating of “Moderate Buy” and an average price target of $65.94.

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.