Gilliland Jeter Wealth Management LLC Lowers Holdings in Williams Companies, Inc. (The) $WMB

Gilliland Jeter Wealth Management LLC trimmed its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 0.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 38,934 shares of the pipeline company’s stock after selling 263 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Williams Companies were worth $2,445,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Flaharty Asset Management LLC purchased a new position in shares of Williams Companies in the first quarter valued at about $25,000. HWG Holdings LP purchased a new stake in shares of Williams Companies in the first quarter worth about $26,000. Saudi Central Bank bought a new position in Williams Companies during the first quarter valued at approximately $29,000. Iron Horse Wealth Management LLC grew its holdings 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 valued at $30,000 after buying an additional 494 shares in the last quarter. Finally, Abound Financial LLC bought a new stake in Williams Companies in the 1st quarter worth approximately $32,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Larry C. Larsen sold 4,500 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s 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 transaction, the senior vice president directly owned 311,645 shares in the company, 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. In the last ninety days, insiders have sold 8,500 shares of company stock worth $497,715. Insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WMB shares. UBS Group raised their target price on shares of Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. TD Cowen started coverage on shares of Williams Companies in a report on Monday, July 7th. They issued a “buy” rating and a $67.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Williams Companies in a report on Thursday. They issued a “buy” rating and a $72.00 price target for the company. Wells Fargo & Company boosted their price objective on Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, Morgan Stanley upped their price objective on Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Williams Companies currently has an average rating of “Moderate Buy” and a consensus target price of $65.94.

Williams Companies Trading Down 0.7%

WMB opened at $63.08 on Friday. The stock has a market cap of $76.91 billion, a price-to-earnings ratio of 31.70, a P/E/G ratio of 2.12 and a beta of 0.65. The stock’s 50 day moving average price is $59.51 and its 200-day moving average price is $59.07. Williams Companies, Inc. has a one year low of $49.17 and a one year 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 analysts’ consensus estimates of $0.49 by ($0.03). The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate 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 prior year, the company posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities 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. Stockholders 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 3.2%. Williams Companies’s dividend payout ratio is currently 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.