Shelton Capital Management Cuts Holdings in Williams Companies, Inc. (The) $WMB

Shelton Capital Management reduced its position in Williams Companies, Inc. (The) (NYSE:WMB) by 62.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,844 shares of the pipeline company’s stock after selling 70,185 shares during the period. Shelton Capital Management’s holdings in Williams Companies were worth $2,628,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Chapin Davis Inc. boosted its position in shares of Williams Companies by 1.6% during the 2nd quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock valued at $688,000 after acquiring an additional 170 shares during the last quarter. Wallace Advisory Group LLC raised its stake in Williams Companies by 2.6% during the second 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. lifted its position in Williams Companies by 2.2% during the second 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 grew its stake in shares of Williams Companies by 0.7% in the 2nd quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after buying an additional 182 shares in the last quarter. Finally, Chesley Taft & Associates LLC increased its holdings in shares of Williams Companies by 1.8% in the 2nd quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock worth $642,000 after buying an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

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 shares were 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 at this hyperlink. 0.44% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Citigroup increased their price target on shares of 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 upped their price objective on Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Argus reiterated a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. Zacks Research downgraded Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Finally, UBS Group raised their price target on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $68.21.

Williams Companies Price Performance

Shares of WMB stock opened at $61.43 on Tuesday. The stock has a 50 day moving average price of $60.88 and a 200 day moving average price of $59.55. Williams Companies, Inc. has a 52-week low of $51.58 and a 52-week high of $65.55. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The firm has a market capitalization of $75.02 billion, a P/E ratio of 30.87, a P/E/G ratio of 1.91 and a beta of 0.63.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate 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 last year, the company earned $0.43 EPS. The business’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. As a group, sell-side analysts predict 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. Shareholders of record on Friday, December 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. 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.