Bogart Wealth LLC raised its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,001 shares of the pipeline company’s stock after acquiring an additional 2,905 shares during the quarter. Bogart Wealth LLC’s holdings in Williams Companies were worth $8,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of WMB. Flaharty Asset Management LLC bought a new stake in shares of Williams Companies during the 1st quarter valued at $25,000. HWG Holdings LP bought a new stake in shares of Williams Companies during the 1st quarter valued at $26,000. Saudi Central Bank bought a new stake in shares of Williams Companies during the 1st quarter valued at $29,000. Private Wealth Management Group LLC raised its position in shares of Williams Companies by 104.8% during the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 240 shares during the period. Finally, Iron Horse Wealth Management LLC raised its position in shares of Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 494 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Insider Transactions at Williams Companies
In other news, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the sale, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. The trade was a 5.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’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 completion of the sale, the senior vice president owned 311,645 shares in the company, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,500 shares of company stock worth $497,715. Insiders own 0.44% of the company’s stock.
Williams Companies Stock Performance
Williams Companies (NYSE:WMB – Get Free Report) last announced 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). The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.
Williams Companies Announces Dividend
The firm 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 dividend on an annualized basis and a dividend yield of 3.2%. Williams Companies’s payout ratio is 100.50%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on WMB. BMO Capital Markets began coverage on shares of Williams Companies in a research report on Friday, September 19th. They set an “outperform” rating and a $66.00 price objective on the stock. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price objective on the stock in a research report on Friday, August 15th. Barclays raised their price objective on shares of Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $66.73.
Read Our Latest Report on Williams Companies
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.
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