Geode Capital Management LLC Sells 3,993,183 Shares of Williams Companies, Inc. (The) $WMB

Geode Capital Management LLC cut its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 12.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,463,391 shares of the pipeline company’s stock after selling 3,993,183 shares during the quarter. Geode Capital Management LLC owned approximately 2.33% of Williams Companies worth $1,786,350,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WMB. Brighton Jones LLC grew its stake in shares of Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after buying an additional 3,969 shares in the last quarter. CWM LLC lifted its stake in Williams Companies by 10.5% in the first quarter. CWM LLC now owns 70,524 shares of the pipeline company’s stock valued at $4,215,000 after acquiring an additional 6,701 shares during the last quarter. Sigma Planning Corp grew its position in shares of Williams Companies by 2.0% in the 1st quarter. Sigma Planning Corp now owns 32,378 shares of the pipeline company’s stock valued at $1,935,000 after acquiring an additional 645 shares during the period. Apollon Wealth Management LLC increased its stake in shares of Williams Companies by 16.9% during the 1st quarter. Apollon Wealth Management LLC now owns 38,362 shares of the pipeline company’s stock worth $2,293,000 after purchasing an additional 5,545 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Williams Companies by 7.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,216 shares of the pipeline company’s stock valued at $551,000 after purchasing an additional 634 shares during the period. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 0.3%

Shares of WMB opened at $60.43 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $65.55. The firm’s 50 day moving average is $60.55 and its 200-day moving average is $59.44. The stock has a market capitalization of $73.80 billion, a PE ratio of 30.37, a P/E/G ratio of 1.91 and a beta of 0.63.

Williams Companies (NYSE:WMB) last issued 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 16.23% and a net margin of 21.63%.The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the company earned $0.43 EPS. The company’s quarterly 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. Equities research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors 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 3.3%. Williams Companies’s dividend payout ratio is currently 103.09%.

Wall Street Analyst Weigh In

WMB has been the subject of a number of research analyst reports. UBS Group lifted their price target on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Jefferies Financial Group reduced 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. CIBC raised Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target for the company in a report on Friday, August 15th. Wall Street Zen cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Finally, Zacks Research lowered shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.86.

Insider Transactions at Williams Companies

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

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.