Savvy Advisors Inc. Grows Stock Position in Williams Companies, Inc. (The) $WMB

Savvy Advisors Inc. boosted its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 142.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,272 shares of the pipeline company’s stock after buying an additional 7,200 shares during the period. Savvy Advisors Inc.’s holdings in Williams Companies were worth $771,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Flaharty Asset Management LLC purchased a new stake in Williams Companies in the first quarter worth $25,000. Saudi Central Bank bought a new stake in shares of Williams Companies during the first quarter worth $29,000. Private Wealth Management Group LLC lifted its position in shares of Williams Companies by 104.8% during the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 240 shares during 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 during the last quarter. Finally, Abound Financial LLC bought a new stake in shares of Williams Companies during the first quarter worth $32,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction dated 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 sale, the chief operating officer owned 77,612 shares of the company’s stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares of the company’s stock, valued at $17,956,984.90. This trade represents a 0.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Cibc World Mkts upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Barclays lifted 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. UBS Group lifted their target price on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. TD Cowen assumed coverage on Williams Companies in a research report on Monday, July 7th. They set a “buy” rating and a $67.00 target price for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Williams Companies in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned 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, Williams Companies presently has a consensus rating of “Moderate Buy” and an average target price of $66.73.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $57.97 on Friday. The firm has a market cap of $70.69 billion, a P/E ratio of 29.13, a P/E/G ratio of 1.91 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 12 month low of $51.48 and a 12 month high of $65.55. The stock’s fifty day moving average price is $60.31 and its 200-day moving average price is $59.40.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 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 firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The business’s quarterly revenue was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities research analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Williams Companies’s payout ratio is 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.