Angeles Wealth Management LLC Purchases Shares of 3,458 Williams Companies, Inc. (The) $WMB

Angeles Wealth Management LLC purchased a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,458 shares of the pipeline company’s stock, valued at approximately $217,000.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Williams Companies by 1.2% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company’s stock valued at $34,489,000 after acquiring an additional 6,816 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Williams Companies by 362.5% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company’s stock valued at $87,608,000 after purchasing an additional 1,149,045 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Williams Companies by 27.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company’s stock valued at $24,081,000 after purchasing an additional 87,031 shares in the last quarter. Kessler Investment Group LLC acquired a new position in shares of Williams Companies in the first quarter valued at approximately $327,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of Williams Companies by 9.4% in the first quarter. Golden State Wealth Management LLC now owns 4,788 shares of the pipeline company’s stock valued at $286,000 after purchasing an additional 410 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company’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 completion of the transaction, the senior vice president owned 311,645 shares in the company, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Larry C. Larsen sold 4,500 shares of the company’s 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 transaction, the chief operating officer 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 90 days, insiders sold 8,500 shares of company stock valued at $497,715. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 0.2%

Shares of Williams Companies stock opened at $62.39 on Friday. Williams Companies, Inc. has a 52-week low of $51.34 and a 52-week high of $65.55. The company has a 50 day moving average of $59.95 and a 200 day moving average of $59.16. 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 has a market capitalization of $76.08 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.08 and a beta of 0.65.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The firm’s revenue 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. As a group, research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were issued a $0.50 dividend. 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%.

Analysts Set New Price Targets

WMB has been the subject of a number of research reports. Argus restated a “buy” rating and issued a $66.00 price objective on shares of Williams Companies in a report on Thursday, August 14th. Morgan Stanley lifted their price objective on shares of Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. BMO Capital Markets initiated coverage on shares of Williams Companies in a report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price objective for the company. UBS Group lifted their price objective on shares of Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Finally, The Goldman Sachs Group lifted their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.73.

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.