Klingman & Associates LLC Takes Position in Williams Companies, Inc. (The) $WMB

Klingman & Associates LLC acquired a new stake in Williams Companies, Inc. (The) (NYSE:WMB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,484 shares of the pipeline company’s stock, valued at approximately $219,000.

Several other hedge funds have also modified their holdings of the stock. Chapin Davis Inc. raised its stake in shares of Williams Companies by 1.6% in the second 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 in the last quarter. TrueWealth Advisors LLC increased its holdings in Williams Companies by 0.7% in the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock valued at $1,559,000 after buying an additional 182 shares during the last quarter. Chesley Taft & Associates LLC increased its holdings in Williams Companies by 1.8% in the second quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock valued at $642,000 after buying an additional 184 shares during the last quarter. Quarry LP increased its holdings in Williams Companies by 20.3% in the first quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock valued at $65,000 after buying an additional 185 shares during the last quarter. Finally, Quantum Financial Advisors LLC increased its holdings in Williams Companies by 5.1% in the second quarter. Quantum Financial Advisors LLC now owns 3,933 shares of the pipeline company’s stock valued at $247,000 after buying an additional 190 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Down 1.2%

WMB opened at $62.32 on Wednesday. The business’s 50-day simple moving average is $60.14 and its 200-day simple moving average is $59.25. 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 one year low of $51.46 and a one year high of $65.55. The stock has a market capitalization of $75.99 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 2.10 and a beta of 0.65.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Williams Companies’s dividend payout ratio (DPR) is currently 100.50%.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the transaction, the senior vice president owned 311,645 shares of the company’s stock, valued at $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Larry C. Larsen sold 4,500 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,500 shares of company stock worth $497,715. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Jefferies Financial Group assumed coverage on Williams Companies in a report on Thursday, October 9th. They issued a “buy” rating and a $72.00 target price on the stock. Scotiabank increased their target price on Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. Wells Fargo & Company increased their target price on Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Williams Companies in a report on Tuesday, October 14th. Finally, BMO Capital Markets assumed coverage on Williams Companies in a research report on Friday, September 19th. They set an “outperform” rating and a $66.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.73.

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.