Choreo LLC Lowers Holdings in Williams Companies, Inc. (The) $WMB

Choreo LLC reduced its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 25.9% in the second quarter, Holdings Channel reports. The firm owned 25,938 shares of the pipeline company’s stock after selling 9,086 shares during the period. Choreo LLC’s holdings in Williams Companies were worth $1,629,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Flaharty Asset Management LLC bought a new stake in Williams Companies during the first quarter valued at $25,000. Saudi Central Bank purchased a new stake in shares of Williams Companies in the 1st quarter valued at about $29,000. Private Wealth Management Group LLC raised its holdings 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 acquiring an additional 240 shares in the last quarter. Hartford Funds Management Co LLC bought a new stake in shares of Williams Companies during the 2nd quarter valued at about $29,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Williams Companies during the second quarter worth about $32,000. Institutional investors own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WMB. BMO Capital Markets lowered their target price on shares of Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Zacks Research cut shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Wells Fargo & Company lifted their price objective on shares of Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. UBS Group upped their target price on shares of Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Finally, Argus restated a “buy” rating and set a $66.00 price target on shares of Williams Companies in a research report on Thursday, August 14th. Two investment 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 stock. According to MarketBeat.com, Williams Companies has a consensus rating of “Moderate Buy” and a consensus target price of $68.21.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $60.96 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The stock has a market cap of $74.44 billion, a PE ratio of 30.63, a PEG ratio of 1.91 and a beta of 0.63. The company’s fifty day moving average is $60.86 and its 200 day moving average is $59.52. Williams Companies, Inc. has a 52 week low of $51.58 and a 52 week high of $65.55.

Williams Companies (NYSE:WMB) last announced 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). The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.87 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Research analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently declared 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s payout ratio is 103.09%.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was 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. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.44% of the company’s stock.

Williams Companies 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.