Jag Capital Management LLC Has $523,000 Holdings in Williams Companies, Inc. (The) $WMB

Jag Capital Management LLC reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,320 shares of the pipeline company’s stock after selling 345 shares during the quarter. Jag Capital Management LLC’s holdings in Williams Companies were worth $523,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Flaharty Asset Management LLC acquired a new position in shares of Williams Companies during the first quarter valued at about $25,000. HWG Holdings LP acquired a new position in Williams Companies in the 1st quarter valued at approximately $26,000. Saudi Central Bank acquired a new position in Williams Companies in the 1st quarter valued at approximately $29,000. Iron Horse Wealth Management LLC increased its position in shares of Williams Companies by 4,490.9% during the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 494 shares during the period. Finally, Abound Financial LLC acquired a new position in shares of Williams Companies in the first quarter valued at $32,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the completion of the transaction, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Thursday, September 4th. The stock was 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 in the company, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,500 shares of company stock valued at $497,715. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the subject of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research note on Saturday, September 27th. UBS Group increased their price objective on shares of Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Morgan Stanley increased their price objective on shares of Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Wells Fargo & Company increased their price target on shares of Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, TD Cowen initiated coverage on shares of Williams Companies in a research report on Monday, July 7th. They issued a “buy” rating and a $67.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Williams Companies has a consensus rating of “Moderate Buy” and an average target price of $65.94.

Williams Companies Trading Up 0.0%

Shares of Williams Companies stock opened at $62.63 on Tuesday. The stock has a market capitalization of $76.37 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 2.09 and a beta of 0.65. 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 company has a 50-day simple moving average of $59.60 and a 200 day simple moving average of $59.09. Williams Companies, Inc. has a 12-month low of $50.24 and a 12-month high of $65.55.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Research analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were given a $0.50 dividend. The ex-dividend date was Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.2%. Williams Companies’s payout ratio is presently 100.50%.

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.