Phraction Management LLC Sells 3,800 Shares of Williams Companies, Inc. (The) $WMB

Phraction Management LLC decreased its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,501 shares of the pipeline company’s stock after selling 3,800 shares during the quarter. Williams Companies accounts for about 2.2% of Phraction Management LLC’s portfolio, making the stock its 15th largest position. Phraction Management LLC’s holdings in Williams Companies were worth $6,941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Chapin Davis Inc. grew its holdings in Williams Companies by 1.6% during the second quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock valued at $688,000 after purchasing an additional 170 shares during the period. TrueWealth Advisors LLC boosted its position in shares of Williams Companies by 0.7% during the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after purchasing an additional 182 shares in the last quarter. Castleview Partners LLC grew its holdings in shares of Williams Companies by 4.2% in the 1st quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company’s stock valued at $268,000 after buying an additional 183 shares during the period. Chesley Taft & Associates LLC increased its position 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 buying an additional 184 shares in the last quarter. Finally, Quarry LP increased its position in shares of Williams Companies by 20.3% in the 1st quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock valued at $65,000 after buying an additional 185 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Price Performance

NYSE:WMB opened at $64.09 on Friday. Williams Companies, Inc. has a 52-week low of $47.52 and a 52-week high of $65.55. The company has a market cap of $78.14 billion, a P/E ratio of 32.20, a P/E/G ratio of 2.13 and a beta of 0.65. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The stock’s 50-day simple moving average is $59.00 and its 200 day simple moving average is $58.93.

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

Williams Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wolfe Research upgraded Williams Companies from an “underperform” rating to a “peer perform” rating in a report on Friday, June 13th. CIBC raised shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price for the company in a research note on Friday, August 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a research note on Tuesday, July 15th. Morgan Stanley upped their price objective on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, TD Cowen began coverage on Williams Companies in a research note on Monday, July 7th. They issued a “buy” rating and a $67.00 target price on the stock. One equities research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.53.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the completion of the sale, the senior vice president directly owned 311,645 shares in the company, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,500 shares of company stock valued at $497,715. Insiders own 0.44% of the company’s stock.

Williams Companies 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.