Volterra Technologies LP Takes Position in Williams Companies, Inc. (The) $WMB

Volterra Technologies LP purchased a new stake in Williams Companies, Inc. (The) (NYSE:WMB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,501 shares of the pipeline company’s stock, valued at approximately $660,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new stake in Williams Companies during the 1st quarter valued at $25,000. Hartford Funds Management Co LLC acquired a new stake in shares of Williams Companies in the second quarter worth $29,000. Private Wealth Management Group LLC grew its holdings in shares of Williams Companies by 104.8% during the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after buying an additional 240 shares in the last quarter. Saudi Central Bank acquired a new position in Williams Companies during the first quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Williams Companies during the second quarter valued at $32,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMB has been the subject of a number of research reports. TD Cowen raised their price objective on Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Mizuho raised shares of Williams Companies to a “strong-buy” rating in a research report on Monday, October 27th. Zacks Research downgraded shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price objective on the stock in a research note on Friday, August 15th. Finally, Citigroup increased their target price on shares of Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.21.

Insider Buying and Selling

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 transaction of $242,120.00. Following the completion of the sale, the senior vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Down 1.7%

WMB stock opened at $60.47 on Thursday. The firm has a market cap of $73.85 billion, a PE ratio of 31.17, a PEG ratio of 1.65 and a beta of 0.62. Williams Companies, Inc. has a 1 year low of $51.58 and a 1 year high of $65.55. The company has a fifty day simple moving average of $60.67 and a 200 day simple moving average of $59.71. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

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