RFG Advisory LLC Has $533,000 Position in Williams Companies, Inc. (The) $WMB

RFG Advisory LLC lifted its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 141.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,481 shares of the pipeline company’s stock after purchasing an additional 4,964 shares during the period. RFG Advisory LLC’s holdings in Williams Companies were worth $533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flaharty Asset Management LLC acquired a new stake in shares of Williams Companies in the first quarter valued at approximately $25,000. HWG Holdings LP acquired a new stake in shares of Williams Companies in the first quarter valued at approximately $26,000. Saudi Central Bank acquired a new stake in shares of Williams Companies in the first quarter valued at approximately $29,000. Iron Horse Wealth Management LLC boosted its stake 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 valued at $30,000 after acquiring an additional 494 shares during the last quarter. Finally, Abound Financial LLC bought a new position in Williams Companies in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Down 0.2%

Shares of NYSE WMB opened at $62.39 on Friday. The company’s fifty day moving average is $59.95 and its 200-day moving average is $59.18. The stock has a market cap of $76.08 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 2.08 and a beta of 0.65. Williams Companies, Inc. has a twelve month low of $51.34 and a twelve month high of $65.55. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The firm 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 company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies’s payout ratio is currently 100.50%.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s 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 sale, the senior vice president directly owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 completion of the sale, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This 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 over the last ninety days. 0.44% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. UBS Group raised their price objective on shares of Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. TD Cowen assumed coverage on shares of Williams Companies in a research note on Monday, July 7th. They issued a “buy” rating and a $67.00 price objective on the stock. Morgan Stanley raised their price objective on shares of Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. The Goldman Sachs Group raised their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Finally, BMO Capital Markets assumed coverage on shares of Williams Companies in a research note on Friday, September 19th. They issued an “outperform” rating and a $66.00 price objective 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.73.

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.