Cowa LLC Cuts Stake in Williams Companies, Inc. (The) $WMB

Cowa LLC lessened its position in Williams Companies, Inc. (The) (NYSE:WMB) by 22.0% in the 2nd quarter, Holdings Channel reports. The fund owned 5,115 shares of the pipeline company’s stock after selling 1,445 shares during the period. Cowa LLC’s holdings in Williams Companies were worth $321,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chapin Davis Inc. lifted its position in Williams Companies by 1.6% in the second quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock valued at $688,000 after purchasing an additional 170 shares during the period. Wallace Advisory Group LLC increased its position in Williams Companies by 2.6% during the 2nd quarter. Wallace Advisory Group LLC now owns 7,031 shares of the pipeline company’s stock worth $420,000 after purchasing an additional 176 shares during the period. Whittier Trust Co. raised its stake in shares of Williams Companies by 2.2% during the 2nd quarter. Whittier Trust Co. now owns 8,177 shares of the pipeline company’s stock worth $514,000 after buying an additional 179 shares in the last quarter. TrueWealth Advisors LLC lifted its holdings in shares of Williams Companies by 0.7% in the 2nd quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock valued at $1,559,000 after buying an additional 182 shares during the period. Finally, Chesley Taft & Associates LLC boosted its stake in shares of Williams Companies by 1.8% in the second quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock valued at $642,000 after buying an additional 184 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Mizuho upgraded Williams Companies to a “strong-buy” rating in a research report on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a report on Monday. Wells Fargo & Company raised their price objective on shares of Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. The Goldman Sachs Group upped their target price on shares of Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Finally, Argus reaffirmed a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. Two research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.21.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the transaction, the senior vice president directly owned 302,645 shares of the company’s stock, valued at $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 available through the SEC website. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Performance

NYSE:WMB opened at $59.64 on Friday. 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 company has a market capitalization of $72.83 billion, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63. The firm has a 50-day moving average price of $60.77 and a two-hundred day moving average price of $59.44. Williams Companies, Inc. has a twelve month low of $51.58 and a twelve month high of $65.55.

Williams Companies (NYSE:WMB) last released its quarterly earnings results 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 21.63% and a return on equity of 16.23%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 annualized dividend and a yield of 3.4%. Williams Companies’s dividend payout ratio (DPR) is presently 103.09%.

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.