Laurel Wealth Advisors LLC Increases Stock Position in Williams Companies, Inc. (The) $WMB

Laurel Wealth Advisors LLC boosted its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 6,181.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,801 shares of the pipeline company’s stock after purchasing an additional 134,623 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Williams Companies were worth $8,592,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Chapin Davis Inc. raised its holdings in shares of 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 buying an additional 170 shares during the last quarter. Wallace Advisory Group LLC increased its position in Williams Companies by 2.6% in the 2nd quarter. Wallace Advisory Group LLC now owns 7,031 shares of the pipeline company’s stock valued at $420,000 after acquiring an additional 176 shares during the period. Whittier Trust Co. raised its stake in Williams Companies by 2.2% during the 2nd quarter. Whittier Trust Co. now owns 8,177 shares of the pipeline company’s stock valued at $514,000 after acquiring an additional 179 shares during the last quarter. TrueWealth Advisors LLC lifted its position in Williams Companies by 0.7% during the 2nd quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after acquiring an additional 182 shares during the period. Finally, Chesley Taft & Associates LLC grew its stake in shares of Williams Companies by 1.8% in the 2nd quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock valued at $642,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Mizuho upgraded Williams Companies to a “strong-buy” rating in a research note on Monday, October 27th. Barclays raised their target price on shares of Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Citigroup boosted their price target on shares of Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Jefferies Financial Group reduced their price objective on shares of Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Finally, Wall Street Zen cut Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.21.

Williams Companies Trading Up 1.5%

Shares of WMB stock opened at $60.25 on Thursday. The stock has a market cap of $73.58 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.91 and a beta of 0.63. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $65.55. The business has a fifty day simple moving average of $60.84 and a 200-day simple moving average of $59.48.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the company posted $0.43 earnings per share. Williams Companies’s revenue was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, analysts forecast 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 will be paid on Monday, December 29th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is 103.09%.

Williams Companies Company 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.