TrueWealth Advisors LLC Boosts Holdings in Williams Companies, Inc. (The) $WMB

TrueWealth Advisors LLC boosted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,823 shares of the pipeline company’s stock after buying an additional 182 shares during the quarter. TrueWealth Advisors LLC’s holdings in Williams Companies were worth $1,559,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Williams Companies by 0.6% during the first quarter. Vanguard Group Inc. now owns 131,163,184 shares of the pipeline company’s stock worth $7,838,312,000 after buying an additional 807,019 shares during the period. Wellington Management Group LLP boosted its stake in Williams Companies by 6.0% during the first quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company’s stock worth $1,770,336,000 after buying an additional 1,680,477 shares during the period. Deutsche Bank AG boosted its stake in Williams Companies by 5.6% during the first quarter. Deutsche Bank AG now owns 17,520,491 shares of the pipeline company’s stock worth $1,047,025,000 after buying an additional 932,998 shares during the period. Northern Trust Corp boosted its stake in Williams Companies by 0.4% during the first quarter. Northern Trust Corp now owns 15,291,842 shares of the pipeline company’s stock worth $913,840,000 after buying an additional 54,902 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Williams Companies by 45.0% during the first quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock worth $677,623,000 after buying an additional 3,519,370 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction dated 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 owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock valued at $623,115 over the last quarter. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Stock Down 0.8%

NYSE:WMB opened at $58.84 on Friday. Williams Companies, Inc. has a 1-year low of $44.51 and a 1-year high of $63.45. The company has a 50-day moving average of $58.05 and a 200 day moving average of $58.42. The firm has a market cap of $71.75 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 1.98 and a beta of 0.65. 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 (NYSE:WMB) last released its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, research analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Williams Companies’s payout ratio is currently 100.50%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of Williams Companies in a research note on Monday, July 7th. They set a “buy” rating and a $67.00 target price for the company. 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. Argus reissued a “buy” rating and set a $66.00 target price on shares of Williams Companies in a research note on Thursday, August 14th. Scotiabank boosted their target price on shares of Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 15th. Finally, Barclays boosted their target price on shares of Williams Companies from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. One 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 stock. According to MarketBeat, Williams Companies has an average rating of “Moderate Buy” and a consensus target price of $62.86.

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.