Foundations Investment Advisors LLC Acquires 22,835 Shares of Williams Companies, Inc. (The) $WMB

Foundations Investment Advisors LLC increased its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,302 shares of the pipeline company’s stock after acquiring an additional 22,835 shares during the period. Foundations Investment Advisors LLC’s holdings in Williams Companies were worth $17,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Wealth Management Group LLC increased its position in Williams Companies by 104.8% during 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 in the last quarter. Hartford Funds Management Co LLC bought a new position in shares of Williams Companies during the second quarter valued at $29,000. Atlantic Union Bankshares Corp bought a new position in shares of Williams Companies during the second quarter valued at $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Williams Companies in the 2nd quarter worth about $35,000. Finally, Salomon & Ludwin LLC bought a new position in Williams Companies in the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’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 completion of the sale, the senior vice president directly owned 297,545 shares of the company’s stock, valued at approximately $18,418,035.50. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WMB. Mizuho upgraded shares of Williams Companies to a “strong-buy” rating in a research note on Monday, October 27th. Citigroup raised their price target on shares of Williams Companies from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. BMO Capital Markets decreased their price objective on shares of Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a research note on Monday, December 29th. Finally, The Goldman Sachs Group lifted their target price on Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.29.

Williams Companies Trading Up 2.3%

NYSE:WMB opened at $66.96 on Thursday. The company has a market cap of $81.77 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. 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 company has a 50 day simple moving average of $60.83 and a two-hundred day simple moving average of $59.96. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $67.01.

Williams Companies (NYSE:WMB) last released its quarterly 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 return on equity of 16.74% and a net margin of 20.61%.The firm 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 earned $0.43 earnings per share. The business’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. Research analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.1%. Williams Companies’s payout ratio is 103.09%.

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.