Teacher Retirement System of Texas Lowers Holdings in Williams Companies, Inc. (The) $WMB

Teacher Retirement System of Texas lowered its position in Williams Companies, Inc. (The) (NYSE:WMB) by 31.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 214,043 shares of the pipeline company’s stock after selling 96,562 shares during the quarter. Teacher Retirement System of Texas’ holdings in Williams Companies were worth $13,560,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Wealth Management Group LLC grew its position in shares of 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 buying an additional 240 shares in the last quarter. Hartford Funds Management Co LLC purchased a new stake in Williams Companies in the second quarter worth about $29,000. Atlantic Union Bankshares Corp bought a new position in Williams Companies during the 2nd quarter worth about $32,000. Legacy Investment Solutions LLC purchased a new position in Williams Companies during the 2nd quarter valued at about $35,000. Finally, Salomon & Ludwin LLC purchased a new position in Williams Companies during the 3rd quarter valued at about $35,000. 86.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Williams Companies from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Tudor Pickering upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Barclays lifted their price target on Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. UBS Group restated a “buy” rating on shares of Williams Companies in a research note on Monday, January 12th. Finally, BMO Capital Markets dropped their price objective on Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.29.

Williams Companies Stock Performance

Shares of WMB opened at $64.97 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.73. The firm has a market cap of $79.35 billion, a PE ratio of 33.49, a P/E/G ratio of 1.51 and a beta of 0.64. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $65.55. The stock has a fifty day moving average price of $60.46 and a 200-day moving average price of $59.80.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.02). Williams Companies had a net margin of 20.61% and a return on equity of 16.74%. 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 prior year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is presently 103.09%.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $61.90, for a total transaction of $123,800.00. Following the sale, the senior vice president owned 297,545 shares of the company’s stock, valued at approximately $18,418,035.50. The trade was a 0.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is owned by company insiders.

Williams Companies Profile

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.