4,354 Shares in Williams Companies, Inc. (The) $WMB Bought by PFG Advisors

PFG Advisors bought a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 4,354 shares of the pipeline company’s stock, valued at approximately $273,000.

A number of other hedge funds have also recently bought and sold shares of WMB. Flaharty Asset Management LLC bought a new position in shares of Williams Companies during the 1st quarter worth about $25,000. Private Wealth Management Group LLC lifted its stake in shares of Williams Companies by 104.8% in 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 during the period. Saudi Central Bank acquired a new stake in Williams Companies during the first quarter worth about $29,000. Atlantic Union Bankshares Corp acquired a new stake in Williams Companies during the second quarter worth about $32,000. Finally, Legacy Investment Solutions LLC bought a new position in Williams Companies during the second quarter valued at about $35,000. 86.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.44% of the stock is currently owned by company insiders.

Williams Companies Price Performance

Shares of WMB stock opened at $60.43 on Thursday. The stock’s fifty day simple moving average is $60.55 and its 200 day simple moving average is $59.44. Williams Companies, Inc. has a one year low of $51.58 and a one year high of $65.55. The firm has a market cap of $73.80 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 1.91 and a beta of 0.63. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data 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 21.63% and a return on equity of 16.23%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the business posted $0.43 earnings per share. The firm’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, analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

Analyst Upgrades and Downgrades

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. Jefferies Financial Group cut their target price on Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Argus reaffirmed a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a research report on Thursday, August 14th. Zacks Research downgraded shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Finally, Morgan Stanley boosted their price target on shares of Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.86.

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.