HF Advisory Group LLC Sells 969 Shares of Williams Companies, Inc. (The) $WMB

HF Advisory Group LLC lowered its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 7.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,936 shares of the pipeline company’s stock after selling 969 shares during the quarter. HF Advisory Group LLC’s holdings in Williams Companies were worth $750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Williams Companies by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 131,163,184 shares of the pipeline company’s stock valued at $7,838,312,000 after purchasing an additional 807,019 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Williams Companies by 6.0% during the 1st quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company’s stock valued at $1,770,336,000 after purchasing an additional 1,680,477 shares during the last quarter. Deutsche Bank AG increased its position in shares of Williams Companies by 5.6% during the 1st quarter. Deutsche Bank AG now owns 17,520,491 shares of the pipeline company’s stock valued at $1,047,025,000 after purchasing an additional 932,998 shares during the last quarter. Northern Trust Corp increased its position in shares of Williams Companies by 0.4% during the 1st quarter. Northern Trust Corp now owns 15,291,842 shares of the pipeline company’s stock valued at $913,840,000 after purchasing an additional 54,902 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Williams Companies by 45.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock valued at $677,623,000 after purchasing an additional 3,519,370 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Up 2.3%

Shares of WMB opened at $60.39 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. Williams Companies, Inc. has a 1 year low of $44.51 and a 1 year high of $63.45. The company has a 50 day simple moving average of $58.13 and a two-hundred day simple moving average of $58.46. The firm has a market cap of $73.64 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 1.97 and a beta of 0.65.

Williams Companies (NYSE:WMB) last announced 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). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the business earned $0.43 earnings per share. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies’s dividend payout ratio (DPR) is 100.50%.

Wall Street Analysts Forecast Growth

WMB has been the subject of several analyst reports. Scotiabank increased their target price 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 initiated coverage on shares of Williams Companies in a report on Monday, July 7th. They issued a “buy” rating and a $67.00 target price for the company. Argus reissued a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. Wolfe Research raised shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a report on Friday, June 13th. Finally, Barclays increased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Williams Companies currently has an average rating of “Moderate Buy” and a consensus price target of $62.86.

Insider Buying and Selling

In other news, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the completion of the transaction, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value 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 can be found here. Insiders have sold a total of 10,500 shares of company stock valued at $623,115 over the last quarter. Corporate insiders own 0.44% of the company’s stock.

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.