Wealthfront Advisers LLC Has $13.82 Million Stock Position in Williams Companies, Inc. (The) $WMB

Wealthfront Advisers LLC lifted its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 219,944 shares of the pipeline company’s stock after buying an additional 1,319 shares during the period. Wealthfront Advisers LLC’s holdings in Williams Companies were worth $13,815,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. New Hampshire Trust increased its holdings in shares of Williams Companies by 3.5% during the second quarter. New Hampshire Trust now owns 22,508 shares of the pipeline company’s stock worth $1,414,000 after buying an additional 759 shares in the last quarter. Interchange Capital Partners LLC increased its holdings in shares of Williams Companies by 4.8% during the second quarter. Interchange Capital Partners LLC now owns 5,908 shares of the pipeline company’s stock worth $371,000 after buying an additional 269 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Williams Companies by 60.2% during the second quarter. Brighton Jones LLC now owns 22,845 shares of the pipeline company’s stock worth $1,435,000 after buying an additional 8,586 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Williams Companies by 9.3% during the second quarter. Linden Thomas Advisory Services LLC now owns 70,301 shares of the pipeline company’s stock worth $4,416,000 after buying an additional 5,956 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. acquired a new position in shares of Williams Companies during the second quarter worth $305,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Price Performance

WMB stock opened at $57.50 on Monday. The stock 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. The company’s 50-day moving average is $60.26 and its 200-day moving average is $59.37. 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 $51.46 and a 1 year high of $65.55.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.Williams Companies’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

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

Insider Activity

In related news, COO Larry C. Larsen sold 4,500 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer 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 can be accessed through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the completion of the transaction, the senior vice president directly owned 311,645 shares in the company, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,500 shares of company stock worth $497,715. 0.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMB. BMO Capital Markets began coverage on shares of Williams Companies in a report on Friday, September 19th. They set an “outperform” rating and a $66.00 price target for the company. UBS Group increased their price objective on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. The Goldman Sachs Group increased their price objective on Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Cibc World Mkts upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Finally, TD Cowen began coverage on Williams Companies in a report on Monday, July 7th. They issued a “buy” rating and a $67.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Williams Companies has an average rating of “Moderate Buy” and a consensus target price of $66.73.

Williams Companies Company 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.