WMG Financial Advisors LLC Makes New Investment in Williams Companies, Inc. (The) $WMB

WMG Financial Advisors LLC bought a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,249 shares of the pipeline company’s stock, valued at approximately $204,000.

Other hedge funds also recently added to or reduced their stakes in the company. Chapin Davis Inc. grew its holdings in shares of Williams Companies by 1.6% during the second quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock worth $688,000 after buying an additional 170 shares in the last quarter. TrueWealth Advisors LLC grew its holdings in shares of Williams Companies by 0.7% during the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after buying an additional 182 shares in the last quarter. Castleview Partners LLC grew its holdings in shares of Williams Companies by 4.2% during the first quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company’s stock worth $268,000 after buying an additional 183 shares in the last quarter. Chesley Taft & Associates LLC grew 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 worth $642,000 after buying an additional 184 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Williams Companies by 20.3% during the first quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock worth $65,000 after buying an additional 185 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMB has been the subject of a number of recent research reports. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price for the company in a report on Friday, August 15th. Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Wells Fargo & Company boosted their target price on shares of Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Finally, Argus restated a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.94.

Williams Companies Price Performance

WMB opened at $63.08 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 52-week low of $49.17 and a 52-week high of $65.55. The company has a 50 day moving average of $59.51 and a two-hundred day moving average of $59.07. The company has a market cap of $76.91 billion, a P/E ratio of 31.70, a P/E/G ratio of 2.12 and a beta of 0.65.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share (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 analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Williams Companies’s quarterly revenue was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

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

Insiders Place Their Bets

In other news, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction 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 transaction, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction 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 directly owned 311,645 shares in the company, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,500 shares of company stock worth $497,715. Corporate insiders own 0.44% of the company’s stock.

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.