Wealth Management Associates Inc. Sells 2,263 Shares of Williams Companies, Inc. (The) $WMB

Wealth Management Associates Inc. trimmed its position in Williams Companies, Inc. (The) (NYSE:WMB) by 20.8% in the 1st quarter, Holdings Channel reports. The firm owned 8,621 shares of the pipeline company’s stock after selling 2,263 shares during the quarter. Wealth Management Associates Inc.’s holdings in Williams Companies were worth $515,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Advisors Capital Management LLC boosted its holdings in Williams Companies by 2.8% in the 1st quarter. Advisors Capital Management LLC now owns 772,456 shares of the pipeline company’s stock valued at $46,162,000 after purchasing an additional 21,066 shares during the period. WBI Investments LLC bought a new position in Williams Companies in the 1st quarter valued at $323,000. Acadian Asset Management LLC boosted its holdings in Williams Companies by 132.4% in the 1st quarter. Acadian Asset Management LLC now owns 629,206 shares of the pipeline company’s stock valued at $37,588,000 after purchasing an additional 358,502 shares during the period. Intech Investment Management LLC boosted its holdings in Williams Companies by 90.0% in the 1st quarter. Intech Investment Management LLC now owns 306,758 shares of the pipeline company’s stock valued at $18,332,000 after purchasing an additional 145,277 shares during the period. Finally, Focus Partners Wealth boosted its holdings in Williams Companies by 1.2% in the 1st quarter. Focus Partners Wealth now owns 663,929 shares of the pipeline company’s stock valued at $39,676,000 after purchasing an additional 7,854 shares during the period. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Performance

Williams Companies stock opened at $58.68 on Thursday. 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 capitalization of $71.55 billion, a PE ratio of 29.49, a P/E/G ratio of 1.92 and a beta of 0.65. The firm has a fifty day simple moving average of $58.02 and a two-hundred day simple moving average of $58.38. Williams Companies, Inc. has a twelve month low of $43.98 and a twelve month high of $63.45.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). The business 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%.The business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Research analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.4%. Williams Companies’s payout ratio is currently 100.50%.

Analyst Ratings Changes

WMB has been the subject of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a report on Tuesday, July 15th. Scotiabank lifted their price objective on shares of Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 15th. TD Cowen started coverage on shares of Williams Companies in a report on Monday, July 7th. They set a “buy” rating and a $67.00 price objective for the company. Barclays lifted their price objective on shares of Williams Companies from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Williams Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.86.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, 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 completion of the sale, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the senior vice president directly 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 can be found here. Insiders sold 10,500 shares of company stock valued at $623,115 over the last three months. 0.44% of the stock is currently owned by insiders.

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.