Williams Companies, Inc. (The) $WMB Position Raised by Cerity Partners LLC

Cerity Partners LLC grew its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 12.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 212,487 shares of the pipeline company’s stock after purchasing an additional 22,938 shares during the quarter. Cerity Partners LLC’s holdings in Williams Companies were worth $13,346,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Tudor Pickering upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Zacks Research lowered Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Wall Street Zen lowered Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Morgan Stanley boosted their price objective on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Barclays raised their target price on shares of Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Williams Companies has an average rating of “Moderate Buy” and a consensus target price of $68.21.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 4,000 shares of Williams Companies stock in a transaction that occurred on 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 owned 302,645 shares of the company’s stock, valued at $18,319,101.85. This trade 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 hyperlink. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Trading Down 1.7%

NYSE:WMB opened at $60.47 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.36 and a current ratio of 0.42. The company has a market capitalization of $73.85 billion, a P/E ratio of 31.17, a P/E/G ratio of 1.65 and a beta of 0.62. The stock’s 50 day moving average price is $60.67 and its 200 day moving average price is $59.71. Williams Companies, Inc. has a 52 week low of $51.58 and a 52 week 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). Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the company earned $0.43 EPS. The business’s revenue for the quarter 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, research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business 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 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, December 12th. Williams Companies’s dividend 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.