IFG Advisory LLC Sells 1,796 Shares of Williams Companies, Inc. (The) $WMB

IFG Advisory LLC lessened its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 35.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,204 shares of the pipeline company’s stock after selling 1,796 shares during the quarter. IFG Advisory LLC’s holdings in Williams Companies were worth $201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. raised its stake in Williams Companies by 3.9% during the 2nd quarter. Pinnacle Associates Ltd. now owns 14,961 shares of the pipeline company’s stock valued at $940,000 after purchasing an additional 561 shares during the period. Simon Quick Advisors LLC increased its stake in Williams Companies by 644.0% in the 2nd quarter. Simon Quick Advisors LLC now owns 80,787 shares of the pipeline company’s stock worth $5,074,000 after acquiring an additional 69,929 shares during the last quarter. Strs Ohio increased its stake in Williams Companies by 25.2% in the 2nd quarter. Strs Ohio now owns 330,678 shares of the pipeline company’s stock worth $20,770,000 after acquiring an additional 66,523 shares during the last quarter. Amalgamated Bank increased its stake in Williams Companies by 0.5% in the 2nd quarter. Amalgamated Bank now owns 240,297 shares of the pipeline company’s stock worth $15,093,000 after acquiring an additional 1,304 shares during the last quarter. Finally, Savvy Advisors Inc. increased its stake in Williams Companies by 142.0% in the 2nd quarter. Savvy Advisors Inc. now owns 12,272 shares of the pipeline company’s stock worth $771,000 after acquiring an additional 7,200 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $56.49 on Wednesday. The stock has a 50 day moving average price of $60.35 and a 200-day moving average price of $59.40. Williams Companies, Inc. has a one year low of $51.58 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. The stock has a market cap of $68.88 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. Williams Companies’s revenue was up 10.2% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed 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 is Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. Williams Companies’s payout ratio is presently 100.50%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Morgan Stanley lifted their price objective on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Jefferies Financial Group assumed coverage on Williams Companies in a research note on Thursday, October 9th. They issued a “buy” rating and a $72.00 price objective on the stock. Wells Fargo & Company lifted 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, Royal Bank Of Canada reiterated an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.50.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total value 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. The trade was a 5.48% decrease in their position. The SEC filing for this sale provides additional information. 0.44% of the stock is owned by insiders.

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.