Williams Companies, Inc. (The) $WMB Shares Bought by Segment Wealth Management LLC

Segment Wealth Management LLC boosted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,981 shares of the pipeline company’s stock after buying an additional 1,445 shares during the quarter. Segment Wealth Management LLC’s holdings in Williams Companies were worth $2,072,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nuveen LLC acquired a new position in Williams Companies during the first quarter valued at $335,419,000. Goldman Sachs Group Inc. lifted its position in shares of Williams Companies by 45.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock worth $677,623,000 after acquiring an additional 3,519,370 shares during the period. Bahl & Gaynor Inc. lifted its position in shares of Williams Companies by 34.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company’s stock worth $674,566,000 after buying an additional 2,861,988 shares during the period. Voya Investment Management LLC increased its holdings in Williams Companies by 275.7% during the 1st quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company’s stock valued at $155,933,000 after purchasing an additional 1,914,730 shares in the last quarter. Finally, Congress Asset Management Co. bought a new stake in shares of Williams Companies during the first quarter worth $112,706,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the sale, the chief operating officer owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the transaction, the senior vice president directly owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,500 shares of company stock worth $497,715. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Up 0.8%

WMB stock opened at $64.54 on Friday. The business has a 50-day moving average of $59.14 and a 200-day moving average of $58.97. Williams Companies, Inc. has a fifty-two week low of $48.41 and a fifty-two week high of $65.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The stock has a market capitalization of $78.70 billion, a P/E ratio of 32.43, a P/E/G ratio of 2.14 and a beta of 0.65.

Williams Companies (NYSE:WMB) last issued its quarterly 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). The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

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 $0.50 dividend. The ex-dividend date was Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.1%. Williams Companies’s dividend payout ratio is currently 100.50%.

Wall Street Analyst Weigh In

WMB has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company boosted their target price on Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Barclays boosted their target price on Williams Companies from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Royal Bank Of Canada restated an “outperform” rating and set a $63.00 target price on shares of Williams Companies in a research report on Tuesday, July 15th. Finally, Scotiabank upped their price objective on 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, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Williams Companies has an average rating of “Moderate Buy” and a consensus target price of $65.53.

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.