SPC Financial Inc. Grows Position in Williams Companies, Inc. (The) $WMB

SPC Financial Inc. grew its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 19.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,010 shares of the pipeline company’s stock after buying an additional 639 shares during the quarter. SPC Financial Inc.’s holdings in Williams Companies were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of WMB. Flaharty Asset Management LLC purchased a new stake in Williams Companies in the 1st quarter worth approximately $25,000. HWG Holdings LP purchased a new stake in Williams Companies in the 1st quarter worth approximately $26,000. Saudi Central Bank purchased a new stake in Williams Companies in the 1st quarter worth approximately $29,000. Iron Horse Wealth Management LLC boosted its position in 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. Finally, Abound Financial LLC purchased a new stake in Williams Companies in the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insiders Place Their Bets

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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the sale, the senior vice president directly owned 311,645 shares of the company’s stock, valued at $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock valued at $497,715 over the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the topic of a number of recent analyst reports. Argus reiterated a “buy” rating and set a $66.00 target price on shares of Williams Companies in a research report on Thursday, August 14th. Jefferies Financial Group initiated coverage on Williams Companies in a research report on Thursday. They set a “buy” rating and a $72.00 target price on the stock. Morgan Stanley increased their target price on Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group increased their target price on Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Finally, UBS Group increased their target price on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.94.

Williams Companies Trading Down 0.8%

Shares of WMB stock opened at $62.60 on Monday. The stock’s fifty day moving average is $59.55 and its two-hundred day moving average is $59.07. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The firm has a market capitalization of $76.33 billion, a P/E ratio of 31.46, a PEG ratio of 2.09 and a beta of 0.65. Williams Companies, Inc. has a fifty-two week low of $49.30 and a fifty-two week high of $65.55.

Williams Companies (NYSE:WMB) last announced 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 firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. 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 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced 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 of this dividend was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. 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.