Forvis Mazars Wealth Advisors LLC Has $314,000 Stock Position in Williams Companies, Inc. (The) $WMB

Forvis Mazars Wealth Advisors LLC increased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,994 shares of the pipeline company’s stock after purchasing an additional 202 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Williams Companies were worth $314,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in WMB. Flaharty Asset Management LLC bought a new position in Williams Companies during the first quarter valued at approximately $25,000. HWG Holdings LP bought a new position in shares of Williams Companies in the first quarter valued at approximately $26,000. Private Wealth Management Group LLC raised its position in shares of Williams Companies by 104.8% in the second 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. Saudi Central Bank acquired a new stake in shares of Williams Companies in the first quarter worth $29,000. Finally, Iron Horse Wealth Management LLC grew its stake in shares of 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 worth $30,000 after acquiring an additional 494 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction 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 sale, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This 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 the 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,500 shares of company stock worth $497,715. Company insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of WMB opened at $63.10 on Tuesday. Williams Companies, Inc. has a 52-week low of $51.46 and a 52-week high of $65.55. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The stock has a 50 day simple moving average of $60.05 and a 200 day simple moving average of $59.22. The firm has a market capitalization of $76.94 billion, a PE ratio of 31.71, a P/E/G ratio of 2.08 and a beta of 0.65.

Williams Companies (NYSE:WMB) last released its quarterly earnings results 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 return on equity of 16.23% and a net margin of 21.63%.The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $0.43 EPS. The company’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. Sell-side analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were paid a dividend of $0.50 per share. 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 dividend payout ratio is currently 100.50%.

Analyst Ratings Changes

A number of research firms have weighed in on WMB. Argus reiterated a “buy” rating and set a $66.00 price target on shares of Williams Companies in a research note on Thursday, August 14th. UBS Group lifted their price target on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. TD Cowen began coverage on Williams Companies in a report on Monday, July 7th. They issued a “buy” rating and a $67.00 price target for the company. Scotiabank boosted their price objective on Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Williams Companies in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Moderate Buy” and an average target price of $66.73.

Williams Companies Company 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.