L.M. Kohn & Company Decreases Stake in Williams Companies, Inc. (The) $WMB

L.M. Kohn & Company lowered its position in Williams Companies, Inc. (The) (NYSE:WMB) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,617 shares of the pipeline company’s stock after selling 475 shares during the quarter. L.M. Kohn & Company’s holdings in Williams Companies were worth $290,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new position in Williams Companies in the first quarter worth approximately $25,000. Private Wealth Management Group LLC lifted its stake in Williams Companies by 104.8% in the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 240 shares during the last quarter. Saudi Central Bank acquired a new stake in Williams Companies during the first quarter worth approximately $29,000. Iron Horse Wealth Management LLC raised its holdings in 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 worth $30,000 after purchasing an additional 494 shares in the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in Williams Companies during the first quarter worth approximately $32,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

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

Williams Companies (NYSE:WMB) last announced its 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 during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s payout ratio is currently 100.50%.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of research analyst reports. Scotiabank raised their price objective on shares of Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 15th. Jefferies Financial Group initiated coverage on shares of Williams Companies in a report on Thursday, October 9th. They set a “buy” rating and a $72.00 price objective on the stock. UBS Group raised their price objective on shares of Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. BMO Capital Markets initiated coverage on shares of Williams Companies in a report on Friday, September 19th. They set an “outperform” rating and a $66.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, Williams Companies currently has an average rating of “Moderate Buy” and an average price target of $66.73.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction 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 transaction, the senior vice president directly owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the completion of the transaction, the chief operating officer directly 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 three months. 0.44% of the stock is currently owned by corporate insiders.

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.