Rossby Financial LCC Has $64,000 Stock Holdings in Williams Companies, Inc. (The) $WMB

Rossby Financial LCC trimmed its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 61.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,016 shares of the pipeline company’s stock after selling 1,590 shares during the quarter. Rossby Financial LCC’s holdings in Williams Companies were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its stake in shares of Williams Companies by 2.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 310,605 shares of the pipeline company’s stock valued at $19,509,000 after purchasing an additional 7,317 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Williams Companies during the 2nd quarter worth approximately $5,059,000. GoalVest Advisory LLC raised its stake in Williams Companies by 2.1% during the 2nd quarter. GoalVest Advisory LLC now owns 32,628 shares of the pipeline company’s stock worth $2,049,000 after buying an additional 681 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in Williams Companies by 29.0% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 15,369 shares of the pipeline company’s stock worth $965,000 after buying an additional 3,451 shares during the period. Finally, Solstein Capital LLC acquired a new position in Williams Companies during the 2nd quarter worth approximately $58,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In other Williams Companies 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 transaction of $263,115.00. Following the completion of the transaction, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the senior vice president directly owned 311,645 shares of the company’s stock, 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 is available in the SEC filing. Over the last three months, insiders have sold 8,500 shares of company stock valued at $497,715. 0.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WMB has been the topic of a number of research reports. Zacks Research downgraded Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. BMO Capital Markets initiated coverage on Williams Companies in a research note on Friday, September 19th. They set an “outperform” rating and a $66.00 price target on the stock. Scotiabank upped their price target on Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 15th. UBS Group upped their price target on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Finally, Barclays increased their price objective on Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Williams Companies currently has an average rating of “Moderate Buy” and a consensus price target of $66.73.

Williams Companies Stock Performance

WMB stock opened at $56.92 on Thursday. The firm has a market cap of $69.40 billion, a PE ratio of 28.60, a P/E/G ratio of 1.93 and a beta of 0.65. 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 business has a 50 day moving average of $60.30 and a 200-day moving average of $59.40. Williams Companies, Inc. has a 12-month low of $51.48 and a 12-month high of $65.55.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The business 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 period in the prior year, the company earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, sell-side analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 12th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Williams Companies’s dividend payout ratio is currently 100.50%.

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.