Tower Wealth Partners Inc. Buys 407 Shares of Williams Companies, Inc. (The) $WMB

Tower Wealth Partners Inc. boosted its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,490 shares of the pipeline company’s stock after acquiring an additional 407 shares during the period. Tower Wealth Partners Inc.’s holdings in Williams Companies were worth $345,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WMB. Brighton Jones LLC boosted its holdings in Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after acquiring an additional 3,969 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Williams Companies by 8.9% during the 1st quarter. GAMMA Investing LLC now owns 37,458 shares of the pipeline company’s stock worth $2,238,000 after buying an additional 3,058 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Williams Companies by 27.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company’s stock worth $24,081,000 after buying an additional 87,031 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Williams Companies by 37.1% during the 1st quarter. Ritholtz Wealth Management now owns 15,762 shares of the pipeline company’s stock worth $942,000 after buying an additional 4,267 shares in the last quarter. Finally, Mission Wealth Management LP boosted its holdings in shares of Williams Companies by 15.6% during the 1st quarter. Mission Wealth Management LP now owns 7,300 shares of the pipeline company’s stock worth $436,000 after buying an additional 987 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WMB has been the topic of a number of research analyst reports. Wall Street Zen cut Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Cibc World Mkts upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. CIBC upgraded Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target on the stock in a report on Friday, August 15th. Wells Fargo & Company increased their price target on Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Finally, TD Cowen assumed coverage on Williams Companies in a research report on Monday, July 7th. They set a “buy” rating and a $67.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on 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 sale, the senior vice president directly owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction on 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 directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock valued at $497,715 over the last three months. 0.44% of the stock is currently owned by insiders.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $63.77 on Thursday. 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, Inc. has a twelve month low of $50.80 and a twelve month high of $65.55. The stock’s 50 day moving average is $59.77 and its 200-day moving average is $59.15. The firm has a market capitalization of $77.76 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 2.08 and a beta of 0.65.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $2.78 billion during 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 company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

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

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.