RPG Investment Advisory LLC Buys Shares of 6,360 Williams Companies, Inc. (The) $WMB

RPG Investment Advisory LLC bought a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) in the first quarter, Holdings Channel.com reports. The fund bought 6,360 shares of the pipeline company’s stock, valued at approximately $380,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HWG Holdings LP bought a new position in shares of Williams Companies during the 1st quarter worth approximately $26,000. Menard Financial Group LLC purchased a new stake in Williams Companies in the 4th quarter valued at $26,000. Iron Horse Wealth Management LLC increased its position in shares of 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 purchasing an additional 494 shares during the last quarter. Hughes Financial Services LLC purchased a new stake in shares of Williams Companies during the 1st quarter valued at $32,000. Finally, Abound Financial LLC purchased a new stake in shares of Williams Companies during 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 news, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $58.47, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $59.68, for a total value of $119,360.00. Following the completion of the sale, the senior vice president directly owned 313,645 shares in the company, valued at approximately $18,718,333.60. This represents a 0.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,500 shares of company stock worth $507,875. Insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $57.7750 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The company has a market cap of $70.45 billion, a PE ratio of 29.03, a P/E/G ratio of 1.91 and a beta of 0.66. The business has a 50 day moving average of $58.81 and a 200 day moving average of $58.30. Williams Companies, Inc. has a 52 week low of $43.98 and a 52 week high of $63.45.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data 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). The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.Williams Companies’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities research analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. Williams Companies’s dividend payout ratio is 100.50%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wolfe Research raised Williams Companies from an “underperform” rating to a “peer perform” rating in a report on Friday, June 13th. Argus reissued 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 price objective on Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a research note on Tuesday, July 15th. Finally, Scotiabank boosted their price objective on Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.86.

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.