Williams Companies, Inc. (The) $WMB Shares Purchased by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC increased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 171,441 shares of the pipeline company’s stock after acquiring an additional 2,116 shares during the quarter. Williams Companies makes up approximately 0.8% of Cornerstone Wealth Group LLC’s holdings, making the stock its 27th biggest holding. Cornerstone Wealth Group LLC’s holdings in Williams Companies were worth $10,768,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Flaharty Asset Management LLC acquired a new position in shares of Williams Companies in the 1st quarter valued at $25,000. HWG Holdings LP acquired a new position in shares of Williams Companies in the 1st quarter valued at $26,000. Saudi Central Bank acquired a new position in shares of Williams Companies in the 1st quarter valued at $29,000. Iron Horse Wealth Management LLC boosted 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 valued at $30,000 after purchasing an additional 494 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new position in shares of Williams Companies in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction 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 owned 311,645 shares in the company, valued at $17,956,984.90. The trade was a 0.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 completion of the transaction, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock worth $497,715 in the last quarter. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Performance

NYSE:WMB opened at $62.63 on Tuesday. 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 firm has a market capitalization of $76.37 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 2.09 and a beta of 0.65. The firm’s fifty day simple moving average is $59.60 and its 200 day simple moving average is $59.09. Williams Companies, Inc. has a twelve month low of $50.24 and a twelve month high of $65.55.

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 the consensus estimate of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm earned $0.43 EPS. The business’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. As a group, equities research analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.2%. Williams Companies’s payout ratio is currently 100.50%.

Analyst Ratings Changes

A number of brokerages have weighed in on WMB. Argus reiterated a “buy” rating and issued a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. Morgan Stanley lifted their price target on shares of Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. UBS Group lifted 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. Finally, Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.94.

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.