Woodmont Investment Counsel LLC Makes New Investment in Williams Companies, Inc. (The) $WMB

Woodmont Investment Counsel LLC acquired a new stake in Williams Companies, Inc. (The) (NYSE:WMB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,804 shares of the pipeline company’s stock, valued at approximately $302,000.

Several other hedge funds also recently made changes to their positions in WMB. Flaharty Asset Management LLC bought a new stake in shares of Williams Companies during the 1st quarter valued at about $25,000. HWG Holdings LP bought a new position in shares of Williams Companies during the first quarter valued at approximately $26,000. Saudi Central Bank acquired a new stake in shares of Williams Companies during the 1st quarter worth approximately $29,000. Iron Horse Wealth Management LLC lifted its holdings 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 worth $30,000 after purchasing an additional 494 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in Williams Companies during the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on WMB. Wells Fargo & Company increased their target price on Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Scotiabank upped their price target on shares of Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a research report on Saturday, September 27th. Argus restated a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a research report on Thursday, August 14th. Finally, BMO Capital Markets initiated coverage on Williams Companies in a report on Friday, September 19th. They set an “outperform” rating and a $66.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Williams Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.53.

Williams Companies Trading Down 1.4%

Shares of NYSE:WMB opened at $63.59 on Tuesday. The company has a 50 day moving average of $59.26 and a 200-day moving average of $58.99. 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 firm has a market cap of $77.54 billion, a P/E ratio of 31.95, a P/E/G ratio of 2.15 and a beta of 0.65. Williams Companies, Inc. has a twelve month low of $48.51 and a twelve month high of $65.55.

Williams Companies (NYSE:WMB) last released its 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). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. Williams Companies’s 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. As a group, analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were given a $0.50 dividend. The ex-dividend date was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Williams Companies’s dividend payout ratio (DPR) is 100.50%.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 transaction, the senior vice president directly owned 311,645 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the sale, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock worth $497,715 in the last three months. 0.44% of the stock is currently owned by company insiders.

About Williams Companies

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.