Kingswood Wealth Advisors LLC Sells 946 Shares of Williams Companies, Inc. (The) $WMB

Kingswood Wealth Advisors LLC trimmed its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 4.5% during the second quarter, Holdings Channel.com reports. The fund owned 20,050 shares of the pipeline company’s stock after selling 946 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Williams Companies were worth $1,259,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Williams Companies in the 1st quarter valued at approximately $335,419,000. Goldman Sachs Group Inc. boosted its position in 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 worth $677,623,000 after buying an additional 3,519,370 shares during the period. Bahl & Gaynor Inc. boosted its position in Williams Companies by 34.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company’s stock worth $674,566,000 after buying an additional 2,861,988 shares during the period. Voya Investment Management LLC boosted its position in Williams Companies by 275.7% during the 1st quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company’s stock worth $155,933,000 after buying an additional 1,914,730 shares during the period. Finally, Wellington Management Group LLP boosted its position in 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 worth $1,770,336,000 after buying an additional 1,680,477 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

NYSE:WMB opened at $63.92 on Wednesday. The company has a fifty day moving average of $59.36 and a 200-day moving average of $59.02. The firm has a market capitalization of $77.94 billion, a P/E ratio of 32.12, a P/E/G ratio of 2.12 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, Inc. has a twelve month low of $48.51 and a twelve month high of $65.55.

Williams Companies (NYSE:WMB) last released its quarterly earnings data 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 company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 EPS 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 given a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.1%. Williams Companies’s dividend payout ratio (DPR) is presently 100.50%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wolfe Research upgraded shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Wells Fargo & Company lifted their target price 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. Morgan Stanley lifted their target price on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target for the company in a report on Friday, August 15th. Finally, Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Williams Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.53.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction 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 completion of the sale, the senior vice president owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction 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 approximately $4,537,973.64. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,500 shares of company stock valued at $497,715. 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.