O Keefe Stevens Advisory Inc. Acquires 2,622 Shares of Williams Companies, Inc. (The) $WMB

O Keefe Stevens Advisory Inc. grew its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 15.8% during the 2nd quarter, Holdings Channel reports. The firm owned 19,210 shares of the pipeline company’s stock after purchasing an additional 2,622 shares during the period. O Keefe Stevens Advisory Inc.’s holdings in Williams Companies were worth $1,207,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Flaharty Asset Management LLC bought a new position in Williams Companies during the 1st quarter worth approximately $25,000. HWG Holdings LP bought a new position in Williams Companies during the 1st quarter worth approximately $26,000. Saudi Central Bank bought a new position in Williams Companies during the 1st quarter worth approximately $29,000. Iron Horse Wealth Management LLC boosted its stake in Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 494 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in Williams Companies during the 1st quarter worth approximately $32,000. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the topic of several recent analyst reports. Wolfe Research raised shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 13th. TD Cowen assumed coverage on shares of Williams Companies in a report on Monday, July 7th. They set a “buy” rating and a $67.00 target price on the stock. BMO Capital Markets assumed coverage on shares of Williams Companies in a report on Friday, September 19th. They set an “outperform” rating and a $66.00 target price on the stock. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price on the stock in a report on Friday, August 15th. Finally, Barclays raised their target price on shares of Williams Companies from $59.00 to $65.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.53.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Thursday, September 4th. The shares were 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. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction on 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 owned 77,612 shares in the company, valued at approximately $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 8,500 shares of company stock worth $497,715 over the last quarter. 0.44% of the stock is owned by corporate insiders.

Williams Companies Price Performance

NYSE WMB opened at $64.54 on Friday. 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 12-month low of $48.41 and a 12-month high of $65.55. The company has a market capitalization of $78.70 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.15 and a beta of 0.65. The firm’s 50 day moving average is $59.14 and its 200-day moving average is $58.97.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data 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 quarter last year, the business earned $0.43 earnings per share. Williams Companies’s revenue for the quarter was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were issued a $0.50 dividend. The ex-dividend date 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 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.