Solstein Capital LLC Purchases New Holdings in Williams Companies, Inc. (The) $WMB

Solstein Capital LLC purchased a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 918 shares of the pipeline company’s stock, valued at approximately $58,000.

Several other hedge funds also recently added to or reduced their stakes in WMB. Nuveen LLC bought a new position in Williams Companies during the 1st quarter valued at about $335,419,000. Goldman Sachs Group Inc. grew its holdings in Williams Companies by 45.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock valued at $677,623,000 after purchasing an additional 3,519,370 shares during the last quarter. Bahl & Gaynor Inc. grew its holdings in Williams Companies by 34.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company’s stock valued at $674,566,000 after purchasing an additional 2,861,988 shares during the last quarter. Voya Investment Management LLC grew its holdings in Williams Companies by 275.7% during the 1st quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company’s stock valued at $155,933,000 after purchasing an additional 1,914,730 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Williams Companies by 6.0% during the 1st quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company’s stock valued at $1,770,336,000 after purchasing an additional 1,680,477 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction 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 represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares of the company’s stock, valued at $17,956,984.90. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock valued at $497,715 in the last three months. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Price Performance

NYSE WMB opened at $57.69 on Tuesday. 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’s 50 day moving average price is $60.28 and its 200-day moving average price is $59.38. Williams Companies, Inc. has a 52-week low of $51.46 and a 52-week high of $65.55. The company has a market cap of $70.34 billion, a PE ratio of 28.99, a P/E/G ratio of 1.92 and a beta of 0.65.

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). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share. Williams Companies’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. Sell-side analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on WMB shares. BMO Capital Markets assumed coverage on shares of Williams Companies in a report on Friday, September 19th. They set an “outperform” rating and a $66.00 price target on the stock. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price on the stock in a research note on Friday, August 15th. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Williams Companies in a research note on Tuesday, October 14th. Finally, Argus restated a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.73.

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.