Williams Companies, Inc. (The) $WMB Shares Acquired by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC lifted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 58.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,585 shares of the pipeline company’s stock after purchasing an additional 6,877 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Williams Companies were worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chapin Davis Inc. increased its position in shares of Williams Companies by 1.6% during the second quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock valued at $688,000 after acquiring an additional 170 shares during the last quarter. Wallace Advisory Group LLC boosted its position in shares of Williams Companies by 2.6% during the 2nd quarter. Wallace Advisory Group LLC now owns 7,031 shares of the pipeline company’s stock worth $420,000 after purchasing an additional 176 shares during the period. Whittier Trust Co. grew its stake in shares of Williams Companies by 2.2% in the second quarter. Whittier Trust Co. now owns 8,177 shares of the pipeline company’s stock valued at $514,000 after buying an additional 179 shares in the last quarter. TrueWealth Advisors LLC raised its holdings in shares of Williams Companies by 0.7% in the 2nd quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock valued at $1,559,000 after buying an additional 182 shares during the period. Finally, Chesley Taft & Associates LLC lifted its stake in Williams Companies by 1.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock worth $642,000 after acquiring an additional 184 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 311,645 shares in the company, valued at $17,956,984.90. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This represents a 5.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.44% of the stock is currently owned by company insiders.

Williams Companies Trading Up 2.0%

Shares of NYSE:WMB opened at $59.04 on Tuesday. Williams Companies, Inc. has a 52 week low of $51.48 and a 52 week high of $65.55. The company’s 50 day moving average is $60.36 and its two-hundred day moving average is $59.41. The company has a market cap of $71.99 billion, a PE ratio of 29.67, 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 (NYSE:WMB) last released its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.02). The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.Williams Companies’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 12th will be issued a $0.50 dividend. The ex-dividend date is Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Williams Companies’s dividend payout ratio is presently 100.50%.

Wall Street Analyst Weigh In

WMB has been the subject of several research reports. Wells Fargo & Company lifted their target price on Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. UBS Group upped their target price 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. Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Zacks Research downgraded shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $63.00 price objective on shares of Williams Companies in a research note on Tuesday, July 15th. Two investment 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $67.50.

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.