Teacher Retirement System of Texas Acquires 7,317 Shares of Williams Companies, Inc. (The) $WMB

Teacher Retirement System of Texas raised its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 2.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 310,605 shares of the pipeline company’s stock after purchasing an additional 7,317 shares during the quarter. Teacher Retirement System of Texas’ holdings in Williams Companies were worth $19,509,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Flaharty Asset Management LLC bought a new position in Williams Companies in the 1st quarter valued at $25,000. Saudi Central Bank bought a new position in Williams Companies in the 1st quarter valued at $29,000. Private Wealth Management Group LLC raised its position in Williams Companies by 104.8% in the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 240 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake in shares of Williams Companies by 4,490.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock valued at $30,000 after buying an additional 494 shares during the period. Finally, Abound Financial LLC acquired a new stake in shares of Williams Companies in the 1st quarter valued at $32,000. Institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Williams Companies in a research note on Thursday, October 9th. They issued a “buy” rating and a $72.00 target price for the company. Barclays lifted their target price on Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Zacks Research cut Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Morgan Stanley lifted their target price on Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Williams Companies presently has an average rating of “Moderate Buy” and an average target price of $66.73.

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s 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 sale, the senior vice president directly owned 311,645 shares in the company, 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 SEC, which is available at the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the completion of the sale, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over 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 Stock Down 0.2%

NYSE:WMB opened at $57.58 on Wednesday. Williams Companies, Inc. has a 1 year low of $51.46 and a 1 year high of $65.55. 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 stock has a market cap of $70.21 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.93 and a beta of 0.65. The stock has a 50-day moving average price of $60.30 and a two-hundred day moving average price of $59.40.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The firm’s revenue 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, equities analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

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.