PUREfi Wealth LLC Increases Stake in Williams Companies, Inc. (The) $WMB

PUREfi Wealth LLC boosted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 39.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,661 shares of the pipeline company’s stock after acquiring an additional 3,605 shares during the period. PUREfi Wealth LLC’s holdings in Williams Companies were worth $795,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMB. Flaharty Asset Management LLC acquired a new position in Williams Companies during the 1st quarter worth approximately $25,000. HWG Holdings LP acquired a new position in Williams Companies during the 1st quarter worth approximately $26,000. Saudi Central Bank acquired a new position in Williams Companies during the 1st quarter worth approximately $29,000. Iron Horse Wealth Management LLC grew its holdings in Williams Companies by 4,490.9% during the 1st 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 in the last quarter. Finally, Abound Financial LLC acquired a new position in Williams Companies during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Activity

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the sale, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $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 is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares in the company, valued at $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. Insiders have sold a total of 8,500 shares of company stock valued at $497,715 over the last 90 days. 0.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMB. Argus restated a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. The Goldman Sachs Group upped their target price on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday. Wells Fargo & Company upped 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. Morgan Stanley upped their target price on shares of Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday. Finally, BMO Capital Markets began coverage on shares of Williams Companies in a report on Friday, September 19th. They issued an “outperform” rating and a $66.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Williams Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.53.

Williams Companies Stock Up 0.8%

Shares of Williams Companies stock opened at $64.54 on Monday. The company has a market cap of $78.70 billion, a P/E ratio of 32.43, a PEG ratio of 2.15 and a beta of 0.65. 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, Inc. has a one year low of $48.41 and a one year high of $65.55. The firm has a fifty day moving average of $59.14 and a two-hundred day moving average of $58.96.

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). The firm had revenue of $2.78 billion for 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 quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently announced 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. This represents a $2.00 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, September 12th. Williams Companies’s dividend payout ratio (DPR) is 100.50%.

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.