Northstar Advisory Group LLC Lowers Position in Williams Companies, Inc. (The) $WMB

Northstar Advisory Group LLC decreased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 86.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,681 shares of the pipeline company’s stock after selling 47,536 shares during the quarter. Northstar Advisory Group LLC’s holdings in Williams Companies were worth $487,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Williams Companies during the second quarter valued at $765,164,000. BROOKFIELD Corp ON boosted its stake in shares of Williams Companies by 190.3% during the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock worth $755,490,000 after acquiring an additional 7,884,730 shares in the last quarter. Invesco Ltd. grew its position in shares of Williams Companies by 27.3% during the 2nd quarter. Invesco Ltd. now owns 14,417,821 shares of the pipeline company’s stock valued at $905,583,000 after acquiring an additional 3,089,390 shares during the period. Artisan Partners Limited Partnership grew its position in shares of Williams Companies by 39.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 6,954,733 shares of the pipeline company’s stock valued at $436,827,000 after acquiring an additional 1,950,485 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Williams Companies by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 133,075,340 shares of the pipeline company’s stock valued at $8,358,462,000 after purchasing an additional 1,912,156 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $61.90, for a total value of $123,800.00. Following the completion of the sale, the senior vice president owned 297,545 shares of the company’s stock, valued at approximately $18,418,035.50. This trade represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the topic of several research analyst reports. Zacks Research lowered Williams Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. TD Cowen upped their target price on Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Barclays lifted their price target on shares of Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Jefferies Financial Group upped their price objective on shares of Williams Companies from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Finally, 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 report on Thursday, October 2nd. Three research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.29.

Williams Companies Stock Performance

NYSE:WMB opened at $64.18 on Tuesday. The company has a market cap of $78.38 billion, a P/E ratio of 33.08, a P/E/G ratio of 1.51 and a beta of 0.64. Williams Companies, Inc. has a twelve month low of $51.58 and a twelve month high of $65.81. The company’s 50-day moving average price is $60.54 and its 200-day moving average price is $59.86. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB) last released 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 20.61% and a return on equity of 16.74%. 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 previous year, the company posted $0.43 EPS. The firm’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, sell-side analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Company Profile

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.