Williams Companies, Inc. (The) $WMB Stock Holdings Lowered by Mitchell Capital Management Co.

Mitchell Capital Management Co. lowered its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,997 shares of the pipeline company’s stock after selling 2,010 shares during the quarter. Mitchell Capital Management Co.’s holdings in Williams Companies were worth $2,789,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new stake in shares of Williams Companies in the first quarter worth $25,000. HWG Holdings LP acquired a new stake in Williams Companies during the 1st quarter worth about $26,000. Saudi Central Bank purchased a new position in Williams Companies during the 1st quarter valued at about $29,000. Iron Horse Wealth Management LLC increased its holdings in shares of 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 valued at $30,000 after purchasing an additional 494 shares during the period. Finally, Abound Financial LLC purchased a new stake in shares of Williams Companies in the first quarter worth approximately $32,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Down 0.8%

Shares of Williams Companies stock opened at $62.60 on Monday. The firm has a market cap of $76.33 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 2.09 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, Inc. has a 52-week low of $49.30 and a 52-week high of $65.55. The stock has a 50-day simple moving average of $59.55 and a 200-day simple moving average of $59.07.

Williams Companies (NYSE:WMB) last announced its quarterly 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). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities 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 disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies’s dividend payout ratio (DPR) is presently 100.50%.

Insider Buying and Selling

In related news, COO Larry C. Larsen sold 4,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer directly 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 legal filing 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 that occurred 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 completion of the transaction, the senior vice president directly owned 311,645 shares in the company, valued at $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. Insiders sold a total of 8,500 shares of company stock worth $497,715 over the last three months. 0.44% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $63.00 price objective on shares of Williams Companies in a research note on Tuesday, July 15th. BMO Capital Markets began coverage on shares of Williams Companies in a research note on Friday, September 19th. They issued an “outperform” rating and a $66.00 price target on the stock. Cibc World Mkts raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. CIBC raised Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price on the stock in a research report on Friday, August 15th. Finally, Barclays raised their price target on Williams Companies from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.94.

Williams Companies 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.