Philip James Wealth Mangement LLC Lowers Stock Position in Williams Companies, Inc. (The) $WMB

Philip James Wealth Mangement LLC reduced its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 11.3% during the second quarter, Holdings Channel reports. The fund owned 3,518 shares of the pipeline company’s stock after selling 448 shares during the period. Philip James Wealth Mangement LLC’s holdings in Williams Companies were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Williams Companies by 0.6% during the first quarter. Vanguard Group Inc. now owns 131,163,184 shares of the pipeline company’s stock valued at $7,838,312,000 after acquiring an additional 807,019 shares during the last quarter. Wellington Management Group LLP grew its position in Williams Companies by 6.0% during the first quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company’s stock valued at $1,770,336,000 after acquiring an additional 1,680,477 shares during the last quarter. Deutsche Bank AG grew its position in Williams Companies by 5.6% during the first quarter. Deutsche Bank AG now owns 17,520,491 shares of the pipeline company’s stock valued at $1,047,025,000 after acquiring an additional 932,998 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Williams Companies by 0.4% in the first quarter. Northern Trust Corp now owns 15,291,842 shares of the pipeline company’s stock worth $913,840,000 after purchasing an additional 54,902 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Williams Companies by 45.0% in the first quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock worth $677,623,000 after purchasing an additional 3,519,370 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WMB has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Barclays raised their target price on shares of Williams Companies from $59.00 to $65.00 and gave the stock an “equal weight” rating in a report on Tuesday. Argus restated a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. Wall Street Zen raised Williams Companies from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, BMO Capital Markets started coverage on Williams Companies in a research note on Friday, September 19th. They issued an “outperform” rating and a $66.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the completion of the transaction, the senior vice president owned 311,645 shares of the company’s stock, valued at $17,956,984.90. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 approximately $4,537,973.64. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,500 shares of company stock valued at $497,715. 0.44% of the stock is owned by insiders.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $63.68 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. The firm has a market capitalization of $77.65 billion, a P/E ratio of 32.00, a P/E/G ratio of 2.11 and a beta of 0.65. The business has a fifty day simple moving average of $58.90 and a two-hundred day simple moving average of $58.89. Williams Companies, Inc. has a 12 month low of $46.53 and a 12 month high of $64.48.

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

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies’s payout ratio is currently 100.50%.

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.