Sterneck Capital Management LLC Sells 853 Shares of Williams Companies, Inc. (The) $WMB

Sterneck Capital Management LLC lowered its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,416 shares of the pipeline company’s stock after selling 853 shares during the period. Sterneck Capital Management LLC’s holdings in Williams Companies were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new position in Williams Companies in the 1st quarter valued at $25,000. HWG Holdings LP bought a new stake in shares of Williams Companies in the first quarter valued at about $26,000. Saudi Central Bank acquired a new position in shares of Williams Companies in the first quarter valued at about $29,000. Iron Horse Wealth Management LLC increased its position in Williams Companies by 4,490.9% during 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. Finally, Abound Financial LLC acquired a new stake in Williams Companies in the 1st quarter worth about $32,000. 86.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the completion of the transaction, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president owned 311,645 shares in the company, valued at $17,956,984.90. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,500 shares of company stock valued at $623,115. 0.44% of the stock is owned by corporate insiders.

Williams Companies Trading Up 1.2%

Shares of WMB stock opened at $64.05 on Friday. Williams Companies, Inc. has a fifty-two week low of $44.65 and a fifty-two week high of $64.48. The stock’s fifty day moving average price is $58.53 and its two-hundred day moving average price is $58.76. 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 $78.10 billion, a PE ratio of 32.19, a P/E/G ratio of 2.14 and a beta of 0.65.

Williams Companies (NYSE:WMB) last posted 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). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm posted $0.43 EPS. Williams Companies’s quarterly revenue was up 19.0% on a year-over-year basis. 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 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. Williams Companies’s payout ratio is 100.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WMB shares. Wells Fargo & Company increased their target price on shares of Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Barclays increased their price target on Williams Companies from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 14th. BMO Capital Markets began coverage on Williams Companies in a report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price objective for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $63.00 target price on shares of Williams Companies in a research report on Tuesday, July 15th. Finally, Wall Street Zen upgraded Williams Companies from a “sell” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Williams Companies presently has a consensus rating of “Moderate Buy” and a consensus 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.