Pinnbrook Capital Management LP Sells 17,617 Shares of Williams Companies, Inc. (The) $WMB

Pinnbrook Capital Management LP cut its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 13.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,939 shares of the pipeline company’s stock after selling 17,617 shares during the quarter. Pinnbrook Capital Management LP’s holdings in Williams Companies were worth $7,094,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WMB. Brighton Jones LLC raised its holdings in Williams Companies by 40.9% during the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock worth $740,000 after buying an additional 3,969 shares during the last quarter. Bridgewater Advisors Inc. purchased a new stake in shares of Williams Companies during the first quarter valued at approximately $241,000. Welch & Forbes LLC purchased a new position in shares of Williams Companies in the 1st quarter worth about $431,000. Mayflower Financial Advisors LLC grew its position in shares of Williams Companies by 11.1% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,747 shares of the pipeline company’s stock valued at $284,000 after acquiring an additional 475 shares during the period. Finally, Bailard Inc. purchased a new position in Williams Companies in the first quarter valued at approximately $432,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the transaction, the senior vice president owned 302,645 shares of the company’s stock, valued at approximately $18,319,101.85. This represents a 1.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WMB shares. 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 research note on Friday, August 15th. TD Cowen upped their target price on shares of Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. The Goldman Sachs Group lifted their price target on shares of Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Morgan Stanley raised 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. Finally, Wall Street Zen cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.21.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $60.93 on Friday. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $65.55. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The business has a fifty day simple moving average of $60.67 and a two-hundred day simple moving average of $59.45. The firm has a market capitalization of $74.41 billion, a P/E ratio of 30.62, a P/E/G ratio of 1.91 and a beta of 0.63.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

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.