AlphaStar Capital Management LLC Acquires Shares of 4,347 Williams Companies, Inc. (The) $WMB

AlphaStar Capital Management LLC acquired a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the 2nd quarter, HoldingsChannel reports. The fund acquired 4,347 shares of the pipeline company’s stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Linscomb Wealth Inc. lifted its holdings in Williams Companies by 1.1% during the second quarter. Linscomb Wealth Inc. now owns 185,565 shares of the pipeline company’s stock valued at $11,655,000 after purchasing an additional 2,081 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in Williams Companies by 47.3% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,393 shares of the pipeline company’s stock valued at $87,000 after purchasing an additional 447 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Williams Companies by 3.9% in the second quarter. Pinnacle Associates Ltd. now owns 14,961 shares of the pipeline company’s stock worth $940,000 after buying an additional 561 shares in the last quarter. Simon Quick Advisors LLC lifted its stake in shares of Williams Companies by 644.0% in the second quarter. Simon Quick Advisors LLC now owns 80,787 shares of the pipeline company’s stock worth $5,074,000 after buying an additional 69,929 shares in the last quarter. Finally, Strs Ohio boosted its position in Williams Companies by 25.2% during the second quarter. Strs Ohio now owns 330,678 shares of the pipeline company’s stock worth $20,770,000 after acquiring an additional 66,523 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Williams Companies stock opened at $57.97 on Friday. The firm has a 50 day simple moving average of $60.31 and a 200-day simple moving average of $59.40. Williams Companies, Inc. has a 1-year low of $51.48 and a 1-year high of $65.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The stock has a market cap of $70.69 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 1.91 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 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company earned $0.43 EPS. The business’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. On average, analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Williams Companies’s dividend payout ratio is 100.50%.

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’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 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 Securities & Exchange Commission, which is available at this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the completion of the transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WMB shares. Zacks Research lowered shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Barclays boosted their price target on shares of Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Jefferies Financial Group started coverage on shares of Williams Companies in a research report on Thursday, October 9th. They set a “buy” rating and a $72.00 price target on the stock. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target on the stock in a research report on Friday, August 15th. Finally, BMO Capital Markets started coverage on shares of Williams Companies in a research report on Friday, September 19th. They set an “outperform” rating and a $66.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.73.

Williams Companies 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.