Williams Companies, Inc. (The) $WMB Stock Position Trimmed by Cigna Investments Inc. New

Cigna Investments Inc. New cut its position in Williams Companies, Inc. (The) (NYSE:WMB) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,034 shares of the pipeline company’s stock after selling 215 shares during the quarter. Cigna Investments Inc. New’s holdings in Williams Companies were worth $756,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Norden Group LLC lifted its position in Williams Companies by 3.1% in the 2nd quarter. Norden Group LLC now owns 25,845 shares of the pipeline company’s stock valued at $1,623,000 after purchasing an additional 779 shares during the last quarter. Fifth Third Bancorp lifted its position in Williams Companies by 19.5% in the 2nd quarter. Fifth Third Bancorp now owns 289,807 shares of the pipeline company’s stock valued at $18,203,000 after purchasing an additional 47,208 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Williams Companies in the 2nd quarter valued at about $1,892,000. CHICAGO TRUST Co NA lifted its position in Williams Companies by 31.8% in the 2nd quarter. CHICAGO TRUST Co NA now owns 7,998 shares of the pipeline company’s stock valued at $502,000 after purchasing an additional 1,929 shares during the last quarter. Finally, E&G Advisors LP bought a new stake in Williams Companies in the 2nd quarter valued at about $210,000. 86.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WMB has been the topic of several recent research reports. Argus reiterated a “buy” rating and issued a $66.00 price objective on shares of Williams Companies in a research report on Thursday, August 14th. Wells Fargo & Company boosted 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. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. BMO Capital Markets began coverage on shares of Williams Companies in a research report on Friday, September 19th. They set an “outperform” rating and a $66.00 price target on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $63.00 price target on shares of Williams Companies in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Williams Companies currently has an average rating of “Moderate Buy” and a consensus target price of $63.07.

Williams Companies Stock Performance

Shares of WMB opened at $62.83 on Thursday. The firm’s 50 day moving average is $58.33 and its 200-day moving average is $58.61. The stock has a market capitalization of $76.61 billion, a P/E ratio of 31.57, a P/E/G ratio of 2.05 and a beta of 0.65. 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 12-month low of $44.56 and a 12-month high of $63.45.

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 the consensus estimate of $0.49 by ($0.03). The business had revenue of $2.78 billion during the quarter, compared to analyst estimates 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 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies’s dividend payout ratio (DPR) is 100.50%.

Insider Activity at Williams Companies

In other news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred 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 transaction, the senior vice president directly owned 311,645 shares in the company, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,500 shares of company stock worth $623,115. 0.44% of the stock is currently owned by insiders.

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.