Greenland Capital Management LP Makes New $1.73 Million Investment in Williams Companies, Inc. (The) $WMB

Greenland Capital Management LP bought a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 27,590 shares of the pipeline company’s stock, valued at approximately $1,733,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Diversified Trust Co grew its holdings in Williams Companies by 28.5% during the second quarter. Diversified Trust Co now owns 46,549 shares of the pipeline company’s stock worth $2,924,000 after buying an additional 10,317 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in Williams Companies by 362.5% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company’s stock worth $87,608,000 after acquiring an additional 1,149,045 shares during the period. ORG Partners LLC raised its holdings in shares of Williams Companies by 153.4% in the 2nd quarter. ORG Partners LLC now owns 831 shares of the pipeline company’s stock worth $49,000 after purchasing an additional 503 shares during the period. Adams Natural Resources Fund Inc. lifted its stake in Williams Companies by 1,238.3% in the second quarter. Adams Natural Resources Fund Inc. now owns 365,350 shares of the pipeline company’s stock valued at $22,948,000 after purchasing an additional 338,050 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Williams Companies during the first quarter valued at $2,728,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE:WMB opened at $59.17 on Wednesday. The company has a market capitalization of $72.25 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 1.91 and a beta of 0.64. Williams Companies, Inc. has a 1-year low of $51.58 and a 1-year high of $65.55. The business has a 50 day moving average of $60.76 and a 200 day moving average of $59.45. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.02). The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, sell-side analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.50 per share. 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 payout ratio is 103.09%.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the sale, the senior vice president directly owned 302,645 shares of the company’s stock, valued at approximately $18,319,101.85. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on WMB. The Goldman Sachs Group upped their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Cibc World Mkts upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Wall Street Zen cut Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. CIBC upgraded Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price for the company in a research note on Friday, August 15th. Finally, Argus reissued a “buy” rating and issued a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Williams Companies has a consensus rating of “Moderate Buy” and a consensus price target of $68.21.

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.