Williams Companies, Inc. (The) $WMB Shares Sold by Courier Capital LLC

Courier Capital LLC reduced its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,557 shares of the pipeline company’s stock after selling 694 shares during the period. Courier Capital LLC’s holdings in Williams Companies were worth $2,987,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Flaharty Asset Management LLC acquired a new stake in Williams Companies in the first quarter valued at $25,000. HWG Holdings LP acquired a new stake in Williams Companies in the first quarter valued at $26,000. Saudi Central Bank acquired a new stake in Williams Companies in the first quarter valued at $29,000. Iron Horse Wealth Management LLC raised its stake in Williams Companies by 4,490.9% in the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock valued at $30,000 after buying an additional 494 shares in the last quarter. Finally, Abound Financial LLC acquired a new stake in Williams Companies in the first quarter valued at $32,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Price Performance

Shares of WMB opened at $62.63 on Tuesday. Williams Companies, Inc. has a twelve month low of $50.24 and a twelve month high of $65.55. The stock’s 50 day moving average is $59.60 and its two-hundred day moving average is $59.09. The firm has a market capitalization of $76.37 billion, a PE ratio of 31.47, a P/E/G ratio of 2.09 and a beta of 0.65. 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 (NYSE:WMB) last announced its quarterly earnings data 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 net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the firm posted $0.43 EPS. Williams Companies’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. Research analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

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

Insider Buying and Selling

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 transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Thursday, September 4th. The shares were 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 of the company’s stock, valued at approximately $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. Over the last quarter, insiders have sold 8,500 shares of company stock valued at $497,715. Insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the topic of several research reports. BMO Capital Markets initiated coverage on Williams Companies in a report on Friday, September 19th. They set an “outperform” rating and a $66.00 price objective on the stock. Morgan Stanley raised their price objective on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Cibc World Mkts raised Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Argus reaffirmed a “buy” rating and set a $66.00 price objective on shares of Williams Companies in a report on Thursday, August 14th. Finally, UBS Group raised their price objective on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Moderate Buy” and an average target price of $65.94.

About Williams Companies

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.