Portside Wealth Group LLC Has $1.24 Million Stock Position in Williams Companies, Inc. (The) $WMB

Portside Wealth Group LLC cut its position in Williams Companies, Inc. (The) (NYSE:WMB) by 9.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,739 shares of the pipeline company’s stock after selling 1,946 shares during the period. Portside Wealth Group LLC’s holdings in Williams Companies were worth $1,240,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Chapin Davis Inc. boosted its holdings in shares of Williams Companies by 1.6% in the 2nd quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock worth $688,000 after acquiring an additional 170 shares in the last quarter. Wallace Advisory Group LLC increased its holdings in Williams Companies by 2.6% during the 2nd quarter. Wallace Advisory Group LLC now owns 7,031 shares of the pipeline company’s stock valued at $420,000 after purchasing an additional 176 shares in the last quarter. Whittier Trust Co. raised its position in Williams Companies by 2.2% in the 2nd quarter. Whittier Trust Co. now owns 8,177 shares of the pipeline company’s stock valued at $514,000 after purchasing an additional 179 shares during the last quarter. TrueWealth Advisors LLC boosted its stake in Williams Companies by 0.7% in the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after purchasing an additional 182 shares in the last quarter. Finally, Chesley Taft & Associates LLC grew its holdings in shares of Williams Companies by 1.8% during the second quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock worth $642,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

WMB has been the subject of a number of research analyst reports. Citigroup lifted their price target on Williams Companies from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Wells Fargo & Company boosted their target price on shares of Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Jefferies Financial Group decreased 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 note on Wednesday, November 5th. Morgan Stanley boosted their price objective on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, Mizuho upgraded Williams Companies to a “strong-buy” rating in a research report on Monday, October 27th. 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.21.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was 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 owned 302,645 shares in the company, valued at approximately $18,319,101.85. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Trading Down 1.2%

WMB opened at $59.17 on Wednesday. The firm has a 50 day simple moving average of $60.76 and a 200 day simple moving average of $59.45. Williams Companies, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $65.55. The company has a market cap of $72.25 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64. 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 announced its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the business posted $0.43 earnings per share. Williams Companies’s revenue was up 10.2% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors 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 dividend on an annualized basis and a dividend yield of 3.4%. Williams Companies’s payout ratio is 103.09%.

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.