Segment Wealth Management LLC Acquires 1,445 Shares of Williams Companies, Inc. (The) $WMB

Segment Wealth Management LLC boosted its position in Williams Companies, Inc. (The) (NYSE:WMB) by 4.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,981 shares of the pipeline company’s stock after buying an additional 1,445 shares during the period. Segment Wealth Management LLC’s holdings in Williams Companies were worth $2,072,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new position in Williams Companies during the 1st quarter valued at about $25,000. HWG Holdings LP purchased a new position in shares of Williams Companies in the 1st quarter worth approximately $26,000. Saudi Central Bank bought a new stake 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 purchasing an additional 494 shares during the period. Finally, Abound Financial LLC bought a new stake 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

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

Williams Companies Price Performance

WMB stock opened at $64.54 on Friday. Williams Companies, Inc. has a 1 year low of $48.41 and a 1 year high of $65.55. The company has a market cap of $78.70 billion, a P/E ratio of 32.43, a PEG ratio of 2.14 and a beta of 0.65. The firm has a 50-day moving average of $59.14 and a 200 day moving average of $58.97. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB) last released its quarterly 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 return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the company earned $0.43 earnings per share. Williams Companies’s quarterly 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. On average, sell-side analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

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

Analyst Ratings Changes

WMB has been the topic of a number of analyst reports. Morgan Stanley boosted their target price on shares of Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday. Argus reaffirmed a “buy” rating and issued a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. TD Cowen assumed coverage on shares of Williams Companies in a research report on Monday, July 7th. They issued a “buy” rating and a $67.00 target price for the company. Wells Fargo & Company upped their target price on shares of Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target for the company in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.53.

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.