Cidel Asset Management Inc. Sells 466 Shares of Williams Companies, Inc. (The) $WMB

Cidel Asset Management Inc. decreased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,688 shares of the pipeline company’s stock after selling 466 shares during the period. Cidel Asset Management Inc.’s holdings in Williams Companies were worth $357,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Flaharty Asset Management LLC bought a new position in Williams Companies in the first quarter worth approximately $25,000. HWG Holdings LP bought a new position in Williams Companies in the first quarter worth approximately $26,000. Private Wealth Management Group LLC raised 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 worth $29,000 after acquiring an additional 240 shares during the period. Saudi Central Bank bought a new position in Williams Companies in the first quarter worth approximately $29,000. Finally, Iron Horse Wealth Management LLC raised its position in 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 worth $30,000 after acquiring an additional 494 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 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. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction on 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 transaction, the chief operating officer directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 8,500 shares of company stock worth $497,715. 0.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WMB has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Williams Companies in a research report on Thursday, October 9th. They issued a “buy” rating and a $72.00 price target on the stock. 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. Scotiabank increased their price objective on shares of Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 15th. UBS Group increased their price objective on shares of Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Williams Companies in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.73.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $62.39 on Monday. 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 $76.08 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.08 and a beta of 0.65. The firm’s fifty day moving average is $59.95 and its two-hundred day moving average is $59.16. Williams Companies, Inc. has a 52-week low of $51.34 and a 52-week high of $65.55.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, September 12th. Williams Companies’s payout ratio is currently 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.