Elevation Point Wealth Partners LLC Sells 6,301 Shares of Williams Companies, Inc. (The) $WMB

Elevation Point Wealth Partners LLC reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 23.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,209 shares of the pipeline company’s stock after selling 6,301 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Williams Companies were worth $1,269,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Flaharty Asset Management LLC purchased a new position in Williams Companies in the first quarter valued at approximately $25,000. Saudi Central Bank purchased a new position in shares of Williams Companies during the 1st quarter valued at $29,000. Private Wealth Management Group LLC grew its stake in shares of Williams Companies by 104.8% during the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 240 shares during the period. Hartford Funds Management Co LLC purchased a new stake in Williams Companies in the 2nd quarter worth about $29,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in Williams Companies in the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on WMB shares. Zacks Research downgraded shares of Williams Companies from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Cibc World Mkts raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a report on Monday. Finally, Jefferies Financial Group dropped their target price on 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 equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.21.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $60.25 on Friday. The company has a 50 day moving average of $60.84 and a 200 day moving average of $59.49. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The stock has a market cap of $73.58 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.91 and a beta of 0.63. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $65.55.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, sell-side analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm 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 annualized dividend and a yield of 3.3%. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

Insider Buying and Selling

In other Williams Companies 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 transaction, the senior vice president directly owned 302,645 shares in the company, valued at $18,319,101.85. This represents a 1.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is currently owned by insiders.

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.