New York State Teachers Retirement System Acquires 222 Shares of Williams Companies, Inc. (The) $WMB

New York State Teachers Retirement System lifted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 892,933 shares of the pipeline company’s stock after purchasing an additional 222 shares during the period. New York State Teachers Retirement System’s holdings in Williams Companies were worth $56,085,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WMB. Chapin Davis Inc. grew its holdings in shares of Williams Companies by 1.6% during the second quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock worth $688,000 after purchasing an additional 170 shares in the last quarter. TrueWealth Advisors LLC grew its holdings in shares of Williams Companies by 0.7% during the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after purchasing an additional 182 shares in the last quarter. Castleview Partners LLC grew its holdings in shares of Williams Companies by 4.2% during the first quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company’s stock worth $268,000 after purchasing an additional 183 shares in the last quarter. Chesley Taft & Associates LLC grew its holdings in shares of Williams Companies by 1.8% during the second quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock worth $642,000 after purchasing an additional 184 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Williams Companies by 20.3% during the first quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock worth $65,000 after purchasing an additional 185 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Performance

Shares of WMB stock opened at $62.49 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. Williams Companies, Inc. has a fifty-two week low of $51.34 and a fifty-two week high of $65.55. The stock has a 50 day moving average price of $59.86 and a two-hundred day moving average price of $59.17. The company has a market capitalization of $76.20 billion, a P/E ratio of 31.40, a PEG ratio of 2.13 and a beta of 0.65.

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 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 company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’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. Analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Williams Companies in a report on Tuesday. TD Cowen started coverage on Williams Companies in a report on Monday, July 7th. They set a “buy” rating and a $67.00 price objective for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a research note on Tuesday, July 15th. Argus reaffirmed a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a research note on Thursday, August 14th. Finally, CIBC raised Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price for the company in a research note on Friday, August 15th. One equities research 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.73.

Insider Activity at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the business’s 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred 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 $17,956,984.90. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock valued at $497,715 in the last quarter. Corporate insiders own 0.44% of the company’s stock.

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.