Ascent Group LLC Has $4.99 Million Stock Position in Williams Companies, Inc. (The) $WMB

Ascent Group LLC decreased its position in Williams Companies, Inc. (The) (NYSE:WMB) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,398 shares of the pipeline company’s stock after selling 1,083 shares during the period. Ascent Group LLC’s holdings in Williams Companies were worth $4,987,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WMB. Flaharty Asset Management LLC acquired a new position in shares of Williams Companies in the 1st quarter worth approximately $25,000. HWG Holdings LP acquired a new position in shares of Williams Companies in the 1st quarter worth approximately $26,000. Saudi Central Bank acquired a new position in shares of Williams Companies in the 1st quarter worth approximately $29,000. Iron Horse Wealth Management LLC raised its holdings 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 worth $30,000 after buying an additional 494 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in shares of Williams Companies in the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Buying and Selling at Williams Companies

In other news, COO Larry C. Larsen sold 4,500 shares of the firm’s stock in a transaction 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 $4,537,973.64. This trade represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s 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 transaction, the senior vice president owned 311,645 shares in the company, valued at $17,956,984.90. This represents a 0.64% 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 worth $497,715 over the last 90 days. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Up 0.8%

NYSE WMB opened at $64.54 on Friday. The stock has a fifty day moving average of $59.14 and a 200-day moving average of $58.97. The stock has a market capitalization of $78.70 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 2.14 and a beta of 0.65. Williams Companies, Inc. has a 52 week low of $48.41 and a 52 week high of $65.55. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54.

Williams Companies (NYSE:WMB) last released its 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). The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the business posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

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 was Friday, September 12th. Williams Companies’s dividend payout ratio (DPR) is currently 100.50%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a report on Tuesday, July 15th. BMO Capital Markets began coverage on Williams Companies in a report on Friday, September 19th. They issued an “outperform” rating and a $66.00 target price for the company. Scotiabank raised their price target on Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. CIBC raised Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target for the company in a report on Friday, August 15th. Finally, Morgan Stanley raised their price target on Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday. One 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. Based on data from MarketBeat, Williams Companies presently has an average rating of “Moderate Buy” and an average target price of $65.53.

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.