Williams Companies, Inc. (The) $WMB Stock Holdings Lowered by 1832 Asset Management L.P.

1832 Asset Management L.P. reduced its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,186,476 shares of the pipeline company’s stock after selling 94,439 shares during the quarter. 1832 Asset Management L.P.’s holdings in Williams Companies were worth $190,424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMB. Menard Financial Group LLC bought a new stake in shares of Williams Companies in the 4th quarter worth approximately $26,000. HWG Holdings LP bought a new stake in shares of Williams Companies in the 1st quarter worth approximately $26,000. Iron Horse Wealth Management LLC raised its holdings in shares of 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 in the last quarter. Abound Financial LLC bought a new stake in shares of Williams Companies in the 1st quarter worth approximately $32,000. Finally, Hughes Financial Services LLC bought a new stake in shares of Williams Companies in the 1st quarter worth approximately $32,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Performance

Shares of WMB opened at $57.7750 on Friday. The company’s 50 day moving average price is $58.81 and its 200 day moving average price is $58.30. Williams Companies, Inc. has a 52 week low of $43.98 and a 52 week high of $63.45. The company has a market capitalization of $70.45 billion, a PE ratio of 29.03, a PEG ratio of 1.91 and a beta of 0.66. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54.

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

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies’s payout ratio is currently 100.50%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WMB. TD Cowen began coverage on shares of Williams Companies in a report on Monday, July 7th. They set a “buy” rating and a $67.00 price target on the stock. Barclays boosted their price target on shares of Williams Companies from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. Wolfe Research upgraded shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a report on Friday, June 13th. Royal Bank Of Canada restated an “outperform” rating and set a $63.00 price target on shares of Williams Companies in a report on Tuesday, July 15th. Finally, Scotiabank boosted their price target on shares of Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Williams Companies has an average rating of “Moderate Buy” and an average price target of $62.86.

Insider Activity at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the business’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 value of $263,115.00. Following the completion of the sale, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 that occurred on Friday, August 1st. The stock was sold at an average price of $59.68, for a total transaction of $119,360.00. Following the completion of the sale, the senior vice president directly owned 313,645 shares of the company’s stock, valued at $18,718,333.60. This represents a 0.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock valued at $507,875 over the last three months. 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.