Arkadios Wealth Advisors Purchases 16,609 Shares of Williams Companies, Inc. (The) $WMB

Arkadios Wealth Advisors boosted its position in Williams Companies, Inc. (The) (NYSE:WMB) by 26.7% in the second quarter, HoldingsChannel reports. The firm owned 78,757 shares of the pipeline company’s stock after buying an additional 16,609 shares during the quarter. Arkadios Wealth Advisors’ holdings in Williams Companies were worth $4,947,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WMB. Vanguard Group Inc. grew its position in shares of Williams Companies by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 131,163,184 shares of the pipeline company’s stock valued at $7,838,312,000 after acquiring an additional 807,019 shares during the period. Wellington Management Group LLP grew its position in shares of Williams Companies by 6.0% during the 1st quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company’s stock valued at $1,770,336,000 after acquiring an additional 1,680,477 shares during the period. Deutsche Bank AG grew its position in shares of Williams Companies by 5.6% during the 1st quarter. Deutsche Bank AG now owns 17,520,491 shares of the pipeline company’s stock valued at $1,047,025,000 after acquiring an additional 932,998 shares during the period. Northern Trust Corp grew its position in shares of Williams Companies by 0.4% during the 1st quarter. Northern Trust Corp now owns 15,291,842 shares of the pipeline company’s stock valued at $913,840,000 after acquiring an additional 54,902 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Williams Companies by 45.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock valued at $677,623,000 after acquiring an additional 3,519,370 shares during the period. 86.44% of the stock is owned by institutional investors.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares in the company, valued at $17,956,984.90. This represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the completion of the sale, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 8,500 shares of company stock worth $497,715 over the last quarter. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB stock opened at $56.92 on Thursday. The stock has a market capitalization of $69.40 billion, a P/E ratio of 28.60, a PEG ratio of 1.93 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The firm’s 50 day moving average is $60.30 and its 200 day moving average is $59.40. Williams Companies, Inc. has a 12 month low of $51.48 and a 12 month high of $65.55.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 12th will be paid a $0.50 dividend. The ex-dividend date is Friday, December 12th. This represents a $2.00 annualized dividend and a yield of 3.5%. Williams Companies’s dividend payout ratio is currently 100.50%.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of research reports. UBS Group increased their target price on shares of Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Cibc World Mkts raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Royal Bank Of Canada reissued an “outperform” rating and set a $63.00 target price on shares of Williams Companies in a research report on Tuesday, July 15th. BMO Capital Markets began coverage on shares of Williams Companies in a research report on Friday, September 19th. They set an “outperform” rating and a $66.00 target price for the company. Finally, Jefferies Financial Group began coverage on shares of Williams Companies in a research note on Thursday, October 9th. They set a “buy” rating and a $72.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.73.

About Williams Companies

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.