Williams Companies, Inc. (The) $WMB Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its position in Williams Companies, Inc. (The) (NYSE:WMB) by 0.5% in the second quarter, Holdings Channel.com reports. The firm owned 240,297 shares of the pipeline company’s stock after acquiring an additional 1,304 shares during the quarter. Amalgamated Bank’s holdings in Williams Companies were worth $15,093,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new stake in Williams Companies in the first quarter valued at about $25,000. Private Wealth Management Group LLC lifted 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 purchasing an additional 240 shares during the period. Saudi Central Bank acquired a new stake in Williams Companies in the first quarter valued at about $29,000. Iron Horse Wealth Management LLC lifted 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 acquiring an additional 494 shares during the period. Finally, Hughes Financial Services LLC acquired a new stake in shares of Williams Companies during the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Up 1.1%

Shares of Williams Companies stock opened at $57.63 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. Williams Companies, Inc. has a 1 year low of $51.48 and a 1 year high of $65.55. The company has a market capitalization of $70.27 billion, a P/E ratio of 28.96, a P/E/G ratio of 1.91 and a beta of 0.65. The business has a 50 day moving average price of $60.29 and a 200 day moving average price of $59.39.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data 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). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts anticipate 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 will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, December 12th. Williams Companies’s payout ratio is currently 100.50%.

Insider Activity at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the business’s 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 completion of the transaction, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’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 of the company’s stock, valued at $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. Insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on WMB. Morgan Stanley lifted their price target 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. TD Cowen started coverage on shares of Williams Companies in a research report on Monday, July 7th. They set a “buy” rating and a $67.00 price target for the company. Mizuho upgraded Williams Companies to a “strong-buy” rating in a research report on Monday. Wall Street Zen cut Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Finally, UBS Group raised their price target on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.73.

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.