PUREfi Wealth LLC Boosts Stake in Williams Companies, Inc. (The) $WMB

PUREfi Wealth LLC grew its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 39.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,661 shares of the pipeline company’s stock after buying an additional 3,605 shares during the period. PUREfi Wealth LLC’s holdings in Williams Companies were worth $795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Chapin Davis Inc. increased its stake 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 worth $688,000 after acquiring an additional 170 shares during the period. TrueWealth Advisors LLC increased its stake in shares of Williams Companies by 0.7% in the second 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. Castleview Partners LLC increased its stake in shares of Williams Companies by 4.2% in the first quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company’s stock worth $268,000 after acquiring an additional 183 shares during the period. Chesley Taft & Associates LLC increased its stake in shares of Williams Companies by 1.8% in the second quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock worth $642,000 after acquiring an additional 184 shares during the period. Finally, Quarry LP increased its stake in shares of Williams Companies by 20.3% in the first quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock worth $65,000 after acquiring an additional 185 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the transaction, the senior vice president directly owned 311,645 shares of the company’s stock, valued at $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock worth $497,715 over the last 90 days. 0.44% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Scotiabank increased their price objective on shares of Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 15th. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Wolfe Research upgraded shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Wells Fargo & Company raised their price target on shares of Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $63.00 price target on shares of Williams Companies in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.53.

Williams Companies Stock Up 0.8%

Shares of NYSE WMB opened at $64.54 on Monday. The company’s 50-day simple moving average is $59.14 and its 200-day simple moving average is $58.96. Williams Companies, Inc. has a 52-week low of $48.41 and a 52-week high of $65.55. The firm has a market cap of $78.70 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 2.15 and a beta of 0.65. 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 (NYSE:WMB) last announced its earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (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 during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business earned $0.43 EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were given a dividend of $0.50 per share. 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 payout ratio is presently 100.50%.

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.