Ingalls & Snyder LLC Boosts Stake in Williams Companies, Inc. (The) $WMB

Ingalls & Snyder LLC boosted its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,418,799 shares of the pipeline company’s stock after acquiring an additional 2,746 shares during the quarter. Williams Companies accounts for about 3.2% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 4th biggest position. Ingalls & Snyder LLC’s holdings in Williams Companies were worth $89,115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMB. Flaharty Asset Management LLC bought a new stake in Williams Companies in the first quarter valued at about $25,000. Saudi Central Bank acquired a new position in Williams Companies in the first quarter valued at about $29,000. Private Wealth Management Group LLC boosted its position in 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 buying an additional 240 shares in the last quarter. Iron Horse Wealth Management LLC lifted its position in shares of Williams Companies by 4,490.9% during the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 494 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in shares of Williams Companies during the first quarter worth approximately $32,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Down 2.4%

WMB opened at $57.50 on Friday. Williams Companies, Inc. has a fifty-two week low of $51.46 and a fifty-two week high of $65.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The firm has a market capitalization of $70.12 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 1.92 and a beta of 0.65. The company’s 50 day moving average price is $60.26 and its two-hundred day moving average price is $59.35.

Williams Companies (NYSE:WMB) last posted its 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 business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. 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. As a group, research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.5%. Williams Companies’s dividend payout ratio is presently 100.50%.

Insider Buying and Selling at Williams Companies

In other Williams Companies 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 transaction of $115,240.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction dated 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 sale, the chief operating officer owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,500 shares of company stock worth $497,715. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WMB shares. Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Scotiabank raised their price objective on shares of Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 15th. Morgan Stanley raised their target price on shares of Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Jefferies Financial Group initiated coverage on shares of Williams Companies in a research report on Thursday, October 9th. They issued a “buy” rating and a $72.00 target price for the company. Finally, The Goldman Sachs Group increased their price target on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.