Phoenix Financial Ltd. Has $3.89 Million Stock Position in Williams Companies, Inc. (The) $WMB

Phoenix Financial Ltd. reduced its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 11.1% in the third quarter, Holdings Channel.com reports. The fund owned 61,418 shares of the pipeline company’s stock after selling 7,661 shares during the period. Phoenix Financial Ltd.’s holdings in Williams Companies were worth $3,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in WMB. Private Wealth Management Group LLC lifted its holdings 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 acquiring an additional 240 shares during the last quarter. Hartford Funds Management Co LLC bought a new position in shares of Williams Companies during the second quarter valued at about $29,000. Atlantic Union Bankshares Corp bought a new stake in shares of Williams Companies in the 2nd quarter valued at about $32,000. Legacy Investment Solutions LLC bought a new position in Williams Companies during the 2nd quarter worth approximately $35,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of Williams Companies during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 4,000 shares of Williams Companies 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 completion of the sale, the senior vice president owned 302,645 shares of the company’s stock, valued at approximately $18,319,101.85. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the subject of several research reports. Morgan Stanley increased their price target on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Citigroup upped their price target on shares of Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Tudor Pickering raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Mizuho upgraded shares of Williams Companies to a “strong-buy” rating in a report on Monday, October 27th. Finally, Barclays lifted their price target on shares of Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $68.29.

Williams Companies Stock Performance

NYSE:WMB opened at $65.44 on Wednesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.36 and a current ratio of 0.42. The stock’s fifty day moving average is $60.67 and its 200 day moving average is $59.91. Williams Companies, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $65.81. The firm has a market capitalization of $79.91 billion, a PE ratio of 33.73, a PEG ratio of 1.50 and a beta of 0.64.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data 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 net margin of 20.61% and a return on equity of 16.74%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the company earned $0.43 EPS. The business’s 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. On average, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be paid a $0.525 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.10 dividend on an annualized basis and a yield of 3.2%. This is an increase from Williams Companies’s previous quarterly dividend of $0.50. Williams Companies’s payout ratio is currently 103.09%.

Williams Companies Company 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.