Williams Companies, Inc. (The) $WMB Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC decreased its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,632 shares of the pipeline company’s stock after selling 789 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Williams Companies were worth $1,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WMB. Flaharty Asset Management LLC purchased a new stake in shares of Williams Companies in the first quarter valued at about $25,000. Private Wealth Management Group LLC increased its position in Williams Companies by 104.8% in the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 240 shares during the period. Saudi Central Bank purchased a new stake in Williams Companies during the 1st quarter valued at approximately $29,000. Iron Horse Wealth Management LLC raised its stake 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 valued at $30,000 after acquiring an additional 494 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in Williams Companies during the 1st quarter worth approximately $32,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of Williams Companies 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 completion of the transaction, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’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 completion of the sale, the senior vice president directly owned 311,645 shares in the company, valued at $17,956,984.90. This trade represents a 0.64% decrease in their position. 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. 0.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WMB shares. 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 report on Friday, August 15th. Jefferies Financial Group initiated coverage on shares of Williams Companies in a research note on Thursday, October 9th. They issued a “buy” rating and a $72.00 price objective on the stock. Barclays upped their price objective on shares of Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a report on Tuesday, July 15th. Finally, Argus reissued a “buy” rating and set a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.73.

Williams Companies Stock Performance

NYSE:WMB opened at $62.32 on Wednesday. The firm’s fifty day simple moving average is $60.14 and its 200-day simple moving average is $59.25. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The stock has a market cap of $75.99 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 2.10 and a beta of 0.65. Williams Companies, Inc. has a fifty-two week low of $51.46 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 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 company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business earned $0.43 EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were issued a $0.50 dividend. The ex-dividend date 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 is currently 100.50%.

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.