Cambridge Financial Group Inc. Has $6.57 Million Holdings in Williams Companies, Inc. (The) $WMB

Cambridge Financial Group Inc. trimmed its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 27.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,536 shares of the pipeline company’s stock after selling 40,382 shares during the quarter. Williams Companies comprises 3.3% of Cambridge Financial Group Inc.’s portfolio, making the stock its 13th biggest holding. Cambridge Financial Group Inc.’s holdings in Williams Companies were worth $6,566,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Flaharty Asset Management LLC acquired a new position in shares of Williams Companies during the 1st quarter valued at about $25,000. Hartford Funds Management Co LLC bought a new stake in Williams Companies during the second quarter worth approximately $29,000. Private Wealth Management Group LLC boosted its position in Williams Companies by 104.8% during the second 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 period. Saudi Central Bank acquired a new position in Williams Companies during the first quarter valued at approximately $29,000. Finally, Iron Horse Wealth Management LLC raised its position in shares of Williams Companies by 4,490.9% in the first 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 period. 86.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WMB. Argus reaffirmed a “buy” rating and set a $66.00 price objective on shares of Williams Companies in a report on Thursday, August 14th. Wells Fargo & Company boosted their target price on shares of Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. The Goldman Sachs Group raised their price target on Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a research note on Wednesday. Finally, BMO Capital Markets cut their price objective on Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.86.

Williams Companies Trading Up 2.7%

Williams Companies stock opened at $59.53 on Monday. The business has a 50 day moving average price of $60.38 and a two-hundred day moving average price of $59.41. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $65.55. The stock has a market cap of $72.70 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63.

Williams Companies (NYSE:WMB) last released 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). The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.87 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is presently 103.09%.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares in the company, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.