Berger Financial Group Inc Has $716,000 Stake in Williams Companies, Inc. (The) $WMB

Berger Financial Group Inc grew its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,392 shares of the pipeline company’s stock after purchasing an additional 236 shares during the quarter. Berger Financial Group Inc’s holdings in Williams Companies were worth $716,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC acquired a new position in Williams Companies during the 1st quarter worth about $335,419,000. Goldman Sachs Group Inc. lifted its position in shares of Williams Companies by 45.0% during the first quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock worth $677,623,000 after purchasing an additional 3,519,370 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in shares of Williams Companies by 34.0% during the first quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company’s stock valued at $674,566,000 after purchasing an additional 2,861,988 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Williams Companies by 275.7% in the first quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company’s stock valued at $155,933,000 after purchasing an additional 1,914,730 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Williams Companies by 6.0% in the 1st quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company’s stock worth $1,770,336,000 after purchasing an additional 1,680,477 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Scotiabank increased their price objective on Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 15th. Cibc World Mkts raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Wolfe Research upgraded Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. The Goldman Sachs Group boosted their price objective on Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.53.

Williams Companies Trading Up 0.8%

NYSE WMB opened at $64.54 on Monday. Williams Companies, Inc. has a 12 month low of $48.41 and a 12 month high of $65.55. The stock has a 50-day simple moving average of $59.14 and a 200 day simple moving average of $58.96. 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 company has a market capitalization of $78.70 billion, a PE ratio of 32.43, a P/E/G ratio of 2.15 and a beta of 0.65.

Williams Companies (NYSE:WMB) last issued 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). The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.Williams Companies’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders 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 annualized dividend and a yield of 3.1%. Williams Companies’s dividend payout ratio (DPR) is 100.50%.

Insiders Place Their Bets

In other news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction 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 transaction, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 8,500 shares of company stock worth $497,715. Insiders own 0.44% of the company’s stock.

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.