Williams Companies, Inc. (The) $WMB Shares Bought by Code Waechter LLC

Code Waechter LLC boosted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 14.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,823 shares of the pipeline company’s stock after acquiring an additional 1,271 shares during the period. Code Waechter LLC’s holdings in Williams Companies were worth $617,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new position in Williams Companies during the 1st quarter worth approximately $25,000. Private Wealth Management Group LLC grew its holdings in 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 acquiring an additional 240 shares in the last quarter. Saudi Central Bank acquired a new position in Williams Companies during the 1st quarter worth approximately $29,000. Iron Horse Wealth Management LLC grew its holdings 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 worth $30,000 after acquiring an additional 494 shares in the last quarter. Finally, Hughes Financial Services LLC acquired a new position in 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 commented on WMB shares. Jefferies Financial Group started coverage on shares of Williams Companies in a report on Thursday, October 9th. They set a “buy” rating and a $72.00 price target for the company. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price for the company in a report on Friday, August 15th. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Morgan Stanley upped their target price on shares of Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $67.50.

Williams Companies Stock Up 2.0%

Shares of NYSE:WMB opened at $59.04 on Tuesday. The stock has a market cap of $71.99 billion, a P/E ratio of 29.67, a P/E/G ratio of 1.91 and a beta of 0.65. The firm has a fifty day moving average price of $60.36 and a 200 day moving average price of $59.41. 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 $51.48 and a 1-year high of $65.55.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Williams Companies’s dividend payout ratio is currently 100.50%.

Insiders Place Their Bets

In related news, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction 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 in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.44% of the stock is owned by corporate insiders.

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.