Northside Capital Management LLC Acquires New Shares in Williams Companies, Inc. (The) $WMB

Northside Capital Management LLC bought a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 13,132 shares of the pipeline company’s stock, valued at approximately $825,000.

Other institutional investors have also recently made changes to their positions in the company. Flaharty Asset Management LLC bought a new stake in shares of Williams Companies in the 1st quarter valued at about $25,000. HWG Holdings LP bought a new stake in shares of Williams Companies in the 1st quarter valued at about $26,000. Menard Financial Group LLC bought a new stake in shares of Williams Companies in the 4th quarter valued at about $26,000. Saudi Central Bank bought a new stake in shares of Williams Companies in the 1st quarter valued at about $29,000. Finally, Iron Horse Wealth Management LLC grew its position in shares of Williams Companies by 4,490.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock valued at $30,000 after buying an additional 494 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB opened at $61.35 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $74.80 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.01 and a beta of 0.65. The stock has a 50 day moving average of $58.25 and a 200 day moving average of $58.58. Williams Companies, Inc. has a 12 month low of $44.56 and a 12 month high of $63.45.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $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 forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies’s dividend payout ratio (DPR) is currently 100.50%.

Insiders Place Their Bets

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the firm’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 sale, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the completion of the sale, the senior vice president directly owned 311,645 shares of the company’s stock, valued at $17,956,984.90. This represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock valued at $623,115 over the last three months. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WMB shares. BMO Capital Markets started coverage on Williams Companies in a research report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price target on the stock. Cibc World Mkts upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $63.00 price objective on shares of Williams Companies in a research note on Tuesday, July 15th. CIBC raised Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price objective on the stock in a research note on Friday, August 15th. Finally, TD Cowen began coverage on Williams Companies in a research note on Monday, July 7th. They issued a “buy” rating and a $67.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Williams Companies presently has an average rating of “Moderate Buy” and an average price target of $63.07.

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.