Eads & Heald Wealth Management Trims Stock Position in Williams Companies, Inc. (The) $WMB

Eads & Heald Wealth Management reduced its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 20.4% in the second quarter, Holdings Channel reports. The firm owned 3,982 shares of the pipeline company’s stock after selling 1,020 shares during the period. Eads & Heald Wealth Management’s holdings in Williams Companies were worth $250,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WMB. Flaharty Asset Management LLC purchased a new position in shares of Williams Companies during the first quarter worth about $25,000. HWG Holdings LP bought a new stake in shares of Williams Companies during the 1st quarter worth $26,000. Saudi Central Bank bought a new position in Williams Companies in the first quarter valued at $29,000. Iron Horse Wealth Management LLC raised its position in Williams Companies by 4,490.9% during the first 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 in the last quarter. Finally, Abound Financial LLC bought a new stake in Williams Companies during the first quarter worth about $32,000. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. CIBC upgraded Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price objective on the stock in a research report on Friday, August 15th. Wolfe Research raised shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 13th. The Goldman Sachs Group upped their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday. TD Cowen started coverage on shares of Williams Companies in a research report on Monday, July 7th. They issued a “buy” rating and a $67.00 target price on the stock. Finally, BMO Capital Markets assumed coverage on shares of Williams Companies in a research note on Friday, September 19th. They issued an “outperform” rating and a $66.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.53.

Williams Companies Price Performance

WMB stock opened at $64.54 on Monday. The stock has a market capitalization of $78.70 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 2.15 and a beta of 0.65. The firm’s 50-day moving average price is $59.14 and its two-hundred day moving average price is $58.96. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 12-month low of $48.41 and a 12-month high of $65.55.

Williams Companies (NYSE:WMB) last posted its earnings results 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). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter 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. As a group, equities analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. Williams Companies’s dividend payout ratio (DPR) is presently 100.50%.

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the completion of the transaction, the senior vice president owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,500 shares of company stock worth $497,715 in the last ninety days. 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.