Integrity Alliance LLC. Sells 3,664 Shares of Williams Companies, Inc. (The) $WMB

Integrity Alliance LLC. lessened its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 38.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,876 shares of the pipeline company’s stock after selling 3,664 shares during the period. Integrity Alliance LLC.’s holdings in Williams Companies were worth $369,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of WMB. Flaharty Asset Management LLC purchased a new stake in Williams Companies during the 1st quarter worth approximately $25,000. Saudi Central Bank purchased a new stake in Williams Companies during the 1st quarter worth approximately $29,000. Private Wealth Management Group LLC grew its position in Williams Companies by 104.8% during the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 240 shares during the last quarter. Iron Horse Wealth Management LLC grew its position 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 purchasing an additional 494 shares during the last quarter. Finally, Abound Financial LLC purchased a new stake in Williams Companies during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $57.97 on Friday. The company’s fifty day moving average price is $60.31 and its 200 day moving average price is $59.40. Williams Companies, Inc. has a 1 year low of $51.48 and a 1 year high of $65.55. The company has a market capitalization of $70.69 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65. 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 announced 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 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 company posted $0.43 earnings per share. 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. On average, research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Williams Companies’s dividend payout ratio is 100.50%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Mizuho raised shares of Williams Companies to a “strong-buy” rating in a research report on Monday, October 27th. Scotiabank upped their price objective on shares of Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. Morgan Stanley upped their price objective 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. BMO Capital Markets assumed coverage on shares of Williams Companies in a report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price objective on the stock. Finally, Cibc World Mkts raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.73.

Insiders Place Their Bets

In related news, COO Larry C. Larsen sold 4,500 shares of the 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 sale, the chief operating officer directly 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the transaction, the senior vice president owned 311,645 shares of the company’s stock, valued at $17,956,984.90. This represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.44% of the company’s stock.

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.