Koshinski Asset Management Inc. Takes $291,000 Position in Williams Companies, Inc. (The) $WMB

Koshinski Asset Management Inc. bought a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) in the second quarter, Holdings Channel reports. The fund bought 4,641 shares of the pipeline company’s stock, valued at approximately $291,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMB. Brighton Jones LLC lifted its position in Williams Companies by 40.9% during the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after purchasing an additional 3,969 shares during the period. GAMMA Investing LLC lifted its position in Williams Companies by 8.9% during the first quarter. GAMMA Investing LLC now owns 37,458 shares of the pipeline company’s stock valued at $2,238,000 after purchasing an additional 3,058 shares during the period. PFG Investments LLC lifted its position in Williams Companies by 12.6% during the first quarter. PFG Investments LLC now owns 20,433 shares of the pipeline company’s stock valued at $1,221,000 after purchasing an additional 2,290 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its position in Williams Companies by 46.2% during the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 35,391 shares of the pipeline company’s stock valued at $2,115,000 after purchasing an additional 11,189 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Williams Companies by 12.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 140,973 shares of the pipeline company’s stock valued at $8,425,000 after purchasing an additional 15,960 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the company’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 sale, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,500 shares of company stock valued at $497,715. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of research reports. Royal Bank Of Canada restated an “outperform” rating and set a $63.00 target price on shares of Williams Companies in a research report on Tuesday, July 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Williams Companies in a research report on Tuesday, October 14th. The Goldman Sachs Group upped their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Finally, UBS Group upped their price objective on shares of Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Williams Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.73.

Williams Companies Trading Up 1.0%

Shares of Williams Companies stock opened at $63.10 on Tuesday. Williams Companies, Inc. has a fifty-two week low of $51.46 and a fifty-two week high of $65.55. 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 firm has a 50-day simple moving average of $60.05 and a two-hundred day simple moving average of $59.22. The company has a market cap of $76.94 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 2.08 and a beta of 0.65.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company earned $0.43 EPS. The firm’s revenue for the quarter 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, equities analysts predict 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, September 12th. Williams Companies’s dividend payout ratio is 100.50%.

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.