Heritage Wealth Advisors Sells 2,985 Shares of Williams Companies, Inc. (The) $WMB

Heritage Wealth Advisors cut its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 426,509 shares of the pipeline company’s stock after selling 2,985 shares during the period. Williams Companies accounts for 1.3% of Heritage Wealth Advisors’ portfolio, making the stock its 25th largest holding. Heritage Wealth Advisors’ holdings in Williams Companies were worth $26,789,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of WMB. Nuveen LLC bought a new stake in Williams Companies in the first quarter valued at approximately $335,419,000. Goldman Sachs Group Inc. boosted its stake in shares of Williams Companies by 45.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock worth $677,623,000 after acquiring an additional 3,519,370 shares during the period. Bahl & Gaynor Inc. increased its holdings in shares of Williams Companies by 34.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company’s stock worth $674,566,000 after acquiring an additional 2,861,988 shares during the last quarter. Voya Investment Management LLC raised its stake in Williams Companies by 275.7% in the 1st quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company’s stock valued at $155,933,000 after acquiring an additional 1,914,730 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Williams Companies by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 133,075,340 shares of the pipeline company’s stock valued at $8,358,462,000 after purchasing an additional 1,912,156 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

WMB opened at $59.17 on Wednesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. Williams Companies, Inc. has a 52-week low of $51.58 and a 52-week high of $65.55. The firm has a market cap of $72.25 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64. The business’s fifty day moving average is $60.76 and its 200-day moving average is $59.45.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.87 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is presently 103.09%.

Insider Activity at Williams Companies

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research note on Monday. Citigroup increased their price objective on Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Cibc World Mkts raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Finally, Jefferies Financial Group lowered their price target on shares of Williams Companies from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Williams Companies presently has an average rating of “Moderate Buy” and a consensus target price 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.