United Asset Strategies Inc. Lowers Stock Holdings in Williams Companies, Inc. (The) $WMB

United Asset Strategies Inc. reduced its position in Williams Companies, Inc. (The) (NYSE:WMB) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,824 shares of the pipeline company’s stock after selling 3,083 shares during the quarter. United Asset Strategies Inc.’s holdings in Williams Companies were worth $4,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Wealth Alliance LLC lifted its stake in shares of Williams Companies by 1.5% during the second quarter. Wealth Alliance LLC now owns 26,181 shares of the pipeline company’s stock worth $1,644,000 after purchasing an additional 385 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Williams Companies by 6.0% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 746,037 shares of the pipeline company’s stock valued at $46,859,000 after purchasing an additional 41,959 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of Williams Companies by 3.1% during the second quarter. SBI Securities Co. Ltd. now owns 9,503 shares of the pipeline company’s stock worth $597,000 after purchasing an additional 287 shares in the last quarter. Ironwood Investment Counsel LLC purchased a new position in shares of Williams Companies in the second quarter valued at $649,000. Finally, National Pension Service increased its stake in Williams Companies by 36.7% during the 2nd quarter. National Pension Service now owns 3,831,474 shares of the pipeline company’s stock worth $240,655,000 after buying an additional 1,029,106 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WMB. UBS Group raised their target price on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Jefferies Financial Group lowered their price objective on Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a report on Wednesday, November 5th. CIBC upgraded Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price for the company in a research note on Friday, August 15th. Finally, BMO Capital Markets decreased their price target on shares of Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.86.

Insider Transactions at Williams Companies

In other news, 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 transaction 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 approximately $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.44% of the company’s stock.

Williams Companies Trading Down 0.0%

Williams Companies stock opened at $60.57 on Wednesday. Williams Companies, Inc. has a 1 year low of $51.58 and a 1 year high of $65.55. The firm’s 50-day moving average is $60.50 and its 200-day moving average is $59.43. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The company has a market cap of $73.97 billion, a P/E ratio of 30.44, a PEG ratio of 1.91 and a beta of 0.63.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.02). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the company earned $0.43 EPS. Williams Companies’s revenue was up 10.2% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 12th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 annualized dividend and a yield of 3.3%. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

Williams Companies Company 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.