Counterpoint Mutual Funds LLC Acquires Shares of 30,124 Williams Companies, Inc. (The) $WMB

Counterpoint Mutual Funds LLC acquired a new stake in Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,124 shares of the pipeline company’s stock, valued at approximately $1,892,000.

Several other hedge funds also recently bought and sold shares of WMB. Brighton Jones LLC raised its holdings in Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock worth $740,000 after purchasing an additional 3,969 shares during the period. Toronto Dominion Bank raised its holdings in Williams Companies by 82.5% in the fourth quarter. Toronto Dominion Bank now owns 799,160 shares of the pipeline company’s stock worth $43,251,000 after purchasing an additional 361,370 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in Williams Companies in the fourth quarter worth $45,000. Ameriflex Group Inc. acquired a new position in Williams Companies in the 4th quarter worth $45,000. Finally, Brooklyn FI LLC bought a new position in Williams Companies during the 4th quarter worth about $266,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of WMB stock opened at $60.21 on Tuesday. The company has a market capitalization of $73.42 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 2.01 and a beta of 0.65. 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 50-day simple moving average of $58.19 and a 200 day simple moving average of $58.56. Williams Companies, Inc. has a 52 week low of $44.56 and a 52 week high of $63.45.

Williams Companies (NYSE:WMB) last announced its 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). The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, sell-side analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays increased their target price on Williams Companies from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. Royal Bank Of Canada reiterated an “outperform” rating and set a $63.00 target price on shares of Williams Companies in a report on Tuesday, July 15th. Argus reiterated a “buy” rating and set a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. Cibc World Mkts upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Finally, Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One investment 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.07.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president owned 311,645 shares of the company’s stock, valued at $17,956,984.90. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were 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 directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,500 shares of company stock valued at $623,115 in the last three months. Insiders own 0.44% of the company’s stock.

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.