LRI Investments LLC Purchases 193 Shares of Williams Companies, Inc. (The) $WMB

LRI Investments LLC grew its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 10.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,993 shares of the pipeline company’s stock after acquiring an additional 193 shares during the quarter. LRI Investments LLC’s holdings in Williams Companies were worth $125,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Flaharty Asset Management LLC bought a new stake in shares of Williams Companies during the first quarter valued at approximately $25,000. HWG Holdings LP bought a new stake in shares of Williams Companies during the first quarter valued at approximately $26,000. Saudi Central Bank bought a new stake in shares of Williams Companies during the first quarter valued at approximately $29,000. Iron Horse Wealth Management LLC increased its holdings in shares of Williams Companies by 4,490.9% during the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 494 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new position in shares of Williams Companies during the first quarter valued at approximately $32,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB opened at $62.60 on Monday. The firm has a market cap of $76.33 billion, a PE ratio of 31.46, a PEG ratio of 2.09 and a beta of 0.65. The stock’s fifty day moving average price is $59.55 and its two-hundred day moving average price is $59.07. 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, Inc. has a 1 year low of $49.30 and a 1 year high of $65.55.

Williams Companies (NYSE:WMB) last issued its earnings results 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). The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

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

Insiders Place Their Bets

In related news, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction on Monday, August 11th. The stock was 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 in the company, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the sale, the senior vice president 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 quarter, insiders have sold 8,500 shares of company stock worth $497,715. 0.44% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WMB has been the topic of several research analyst reports. Cibc World Mkts raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Scotiabank boosted their price objective on Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 15th. CIBC raised Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price objective on the stock in a research report on Friday, August 15th. UBS Group boosted their price objective on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Finally, BMO Capital Markets initiated coverage on Williams Companies in a research report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.94.

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.