Williams Companies, Inc. (The) $WMB Stake Lessened by Atria Investments Inc

Atria Investments Inc lowered its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,530 shares of the pipeline company’s stock after selling 2,346 shares during the period. Atria Investments Inc’s holdings in Williams Companies were worth $9,204,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Flaharty Asset Management LLC purchased a new stake in shares of Williams Companies in the first quarter valued at $25,000. Saudi Central Bank purchased a new stake in shares of Williams Companies in the first quarter valued at $29,000. Private Wealth Management Group LLC lifted its holdings 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 in the last quarter. Iron Horse Wealth Management LLC lifted its holdings 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 valued at $30,000 after purchasing an additional 494 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in shares of Williams Companies in the first quarter valued at $32,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on 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 $17,956,984.90. This represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction that occurred on 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 owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their position. The SEC filing for this sale provides additional information. 0.44% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Scotiabank increased their target price on Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. TD Cowen began coverage on Williams Companies in a report on Monday, July 7th. They set a “buy” rating and a $67.00 price objective for the company. CIBC raised Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price on the stock in a research report on Friday, August 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Williams Companies in a research report on Tuesday, October 14th. Finally, Barclays upped their target price on Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Williams Companies currently has an average rating of “Moderate Buy” and a consensus target price of $66.73.

Williams Companies Price Performance

NYSE WMB opened at $57.63 on Friday. Williams Companies, Inc. has a fifty-two week low of $51.48 and a fifty-two week high of $65.55. The stock’s 50-day moving average is $60.29 and its two-hundred day moving average is $59.39. 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 cap of $70.27 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65.

Williams Companies (NYSE:WMB) last issued its quarterly 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). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The company’s revenue for the quarter 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. On average, analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

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