Envestnet Portfolio Solutions Inc. Reduces Stock Position in Williams Companies, Inc. (The) $WMB

Envestnet Portfolio Solutions Inc. reduced its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,105 shares of the pipeline company’s stock after selling 4,085 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Williams Companies were worth $4,969,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Chapin Davis Inc. grew its position in Williams Companies by 1.6% in the 2nd quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock worth $688,000 after purchasing an additional 170 shares during the period. TrueWealth Advisors LLC boosted its stake in shares of Williams Companies by 0.7% during the 2nd quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after acquiring an additional 182 shares during the last quarter. Castleview Partners LLC boosted its stake in shares of Williams Companies by 4.2% during the 1st quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company’s stock worth $268,000 after acquiring an additional 183 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in shares of Williams Companies by 1.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock worth $642,000 after acquiring an additional 184 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Williams Companies by 20.3% during the 1st quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock worth $65,000 after acquiring an additional 185 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s 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 sale, the senior vice president owned 311,645 shares in the company, valued at $17,956,984.90. The trade was a 0.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction on Monday, August 11th. The stock was 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 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 quarter, insiders sold 8,500 shares of company stock worth $497,715. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 2.3%

Shares of WMB stock opened at $63.77 on Thursday. The stock has a market cap of $77.76 billion, a P/E ratio of 32.05, a PEG ratio of 2.08 and a beta of 0.65. Williams Companies, Inc. has a 52 week low of $50.80 and a 52 week high of $65.55. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The company’s fifty day simple moving average is $59.77 and its two-hundred day simple moving average is $59.15.

Williams Companies (NYSE:WMB) last announced its quarterly 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). The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

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

Analyst Ratings Changes

WMB has been the topic of several analyst reports. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target on the stock in a research note on Friday, August 15th. The Goldman Sachs Group lifted their price target on shares of Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Williams Companies in a research note on Tuesday. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Finally, Jefferies Financial Group assumed coverage on shares of Williams Companies in a research note on Thursday, October 9th. They set a “buy” rating and a $72.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned 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 an average target price of $66.00.

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.