AlTi Global Inc. Has $391,000 Stock Holdings in Williams Companies, Inc. (The) $WMB

AlTi Global Inc. boosted its position in Williams Companies, Inc. (The) (NYSE:WMB) by 19.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,235 shares of the pipeline company’s stock after buying an additional 1,008 shares during the quarter. AlTi Global Inc.’s holdings in Williams Companies were worth $391,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMB. Flaharty Asset Management LLC acquired a new position in shares of Williams Companies during the 1st quarter worth approximately $25,000. Private Wealth Management Group LLC increased its position in shares of Williams Companies by 104.8% during the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 240 shares during the last quarter. Saudi Central Bank acquired a new position in shares of Williams Companies during the 1st quarter worth approximately $29,000. Iron Horse Wealth Management LLC increased its position in shares of 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 purchasing an additional 494 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new position in shares of Williams Companies during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Williams Companies in a research report on Thursday, October 9th. They set a “buy” rating and a $72.00 price target on the stock. Zacks Research lowered Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $63.00 price target on shares of Williams Companies in a research report on Tuesday, July 15th. The Goldman Sachs Group boosted their price target on Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Finally, Morgan Stanley boosted their price target on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.73.

Williams Companies Stock Performance

WMB opened at $57.50 on Friday. The business has a fifty day simple moving average of $60.26 and a 200 day simple moving average of $59.35. The company has a market capitalization of $70.12 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.92 and a beta of 0.65. Williams Companies, Inc. has a 1 year low of $51.46 and a 1 year high of $65.55. 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 (NYSE:WMB) last released 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). 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 revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. 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 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were paid a $0.50 dividend. The ex-dividend date was Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.5%. Williams Companies’s payout ratio is 100.50%.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’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 in the company, valued at $17,956,984.90. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction on Monday, August 11th. The shares were 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 owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This trade represents a 5.48% 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 90 days. 0.44% of the stock is currently owned by corporate insiders.

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.