Louisiana State Employees Retirement System Sells 1,200 Shares of Williams Companies, Inc. (The) $WMB

Louisiana State Employees Retirement System lessened its position in Williams Companies, Inc. (The) (NYSE:WMB) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,400 shares of the pipeline company’s stock after selling 1,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Williams Companies were worth $4,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Flaharty Asset Management LLC acquired a new position in Williams Companies in the 1st quarter worth about $25,000. HWG Holdings LP acquired a new position in Williams Companies in the 1st quarter worth about $26,000. Saudi Central Bank acquired a new position in Williams Companies in the 1st quarter worth about $29,000. Iron Horse Wealth Management LLC increased its holdings in Williams Companies by 4,490.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 494 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in Williams Companies in the 1st quarter worth about $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a report on Saturday, September 27th. UBS Group increased their price target on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a research note on Tuesday, July 15th. The Goldman Sachs Group increased their price target on Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Finally, Scotiabank increased their price target on Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Williams Companies presently has a consensus rating of “Moderate Buy” and an average price target of $65.53.

Williams Companies Stock Down 0.8%

Shares of Williams Companies stock opened at $63.49 on Thursday. Williams Companies, Inc. has a one year low of $48.71 and a one year high of $65.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The stock’s 50-day moving average is $59.44 and its 200 day moving average is $59.05. The firm has a market cap of $77.42 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.13 and a beta of 0.65.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. 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 year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were given a dividend of $0.50 per share. The ex-dividend date was Friday, September 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Williams Companies’s dividend payout ratio is presently 100.50%.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president owned 311,645 shares in the company, valued at $17,956,984.90. This represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $263,115.00. Following the completion of the transaction, the chief operating officer owned 77,612 shares in the company, 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 90 days, insiders have sold 8,500 shares of company stock worth $497,715. 0.44% of the stock is owned by corporate 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.