Park Avenue Securities LLC Has $4.36 Million Stock Position in Williams Companies, Inc. (The) $WMB

Park Avenue Securities LLC boosted its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 0.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 69,458 shares of the pipeline company’s stock after buying an additional 484 shares during the period. Park Avenue Securities LLC’s holdings in Williams Companies were worth $4,363,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. TrueWealth Advisors LLC grew its position in shares of Williams Companies by 0.7% during the 2nd quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after purchasing an additional 182 shares in the last quarter. Castleview Partners LLC grew its position in shares of Williams Companies by 4.2% during the 1st quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company’s stock worth $268,000 after purchasing an additional 183 shares in the last quarter. Chesley Taft & Associates LLC grew its position in shares of Williams Companies by 1.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock worth $642,000 after purchasing an additional 184 shares in the last quarter. Quarry LP grew its position in shares of Williams Companies by 20.3% during the 1st quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock worth $65,000 after purchasing an additional 185 shares in the last quarter. Finally, Quantum Financial Advisors LLC grew its position in shares of Williams Companies by 5.1% during the 2nd quarter. Quantum Financial Advisors LLC now owns 3,933 shares of the pipeline company’s stock worth $247,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $60.21 on Tuesday. Williams Companies, Inc. has a twelve month low of $44.56 and a twelve month high of $63.45. The firm has a fifty day simple moving average of $58.19 and a 200 day simple moving average of $58.56. The company has a market capitalization of $73.42 billion, a PE ratio of 30.26, a P/E/G ratio of 2.01 and a beta of 0.65. 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 (NYSE:WMB) last announced its earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the business earned $0.43 EPS. Williams Companies’s quarterly revenue was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, sell-side analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMB. Argus restated a “buy” rating and set a $66.00 target price on shares of Williams Companies in a research report on Thursday, August 14th. BMO Capital Markets initiated coverage on shares of Williams Companies in a research report on Friday. They set an “outperform” rating and a $66.00 price target on the stock. Wells Fargo & Company increased their price target 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. TD Cowen began coverage on shares of Williams Companies in a research report on Monday, July 7th. They set a “buy” rating and a $67.00 price target on the stock. Finally, Cibc World Mkts raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Williams Companies presently has an average rating of “Moderate Buy” and an average price target of $63.07.

Insiders Place Their Bets

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the firm’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 in the company, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’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 owned 311,645 shares of the company’s stock, valued at $17,956,984.90. The trade was 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 90 days. Corporate insiders own 0.44% of the company’s stock.

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.