Northstar Advisory Group LLC Reduces Stock Holdings in Williams Companies, Inc. (The) $WMB

Northstar Advisory Group LLC reduced its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 86.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,681 shares of the pipeline company’s stock after selling 47,536 shares during the period. Northstar Advisory Group LLC’s holdings in Williams Companies were worth $487,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Private Wealth Management Group LLC grew its stake in shares of Williams Companies by 104.8% in the 2nd 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 during the period. Hartford Funds Management Co LLC acquired a new position in Williams Companies in the second quarter valued at approximately $29,000. Atlantic Union Bankshares Corp purchased a new position in Williams Companies in the second quarter worth approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in Williams Companies during the second quarter worth $35,000. Finally, Salomon & Ludwin LLC acquired a new stake in Williams Companies during the third quarter worth $35,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 302,645 shares in the company, valued at approximately $18,319,101.85. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB stock opened at $64.18 on Tuesday. The firm has a 50 day moving average of $60.54 and a two-hundred day moving average of $59.86. The stock has a market capitalization of $78.38 billion, a PE ratio of 33.08, a P/E/G ratio of 1.51 and a beta of 0.64. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 52 week low of $51.58 and a 52 week high of $65.81.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BMO Capital Markets decreased their price target on Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Citigroup boosted their price objective on shares of Williams Companies from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. TD Cowen lifted their price target on shares of Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Tudor Pickering upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Williams Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.29.

About Williams Companies

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.