Eagle Global Advisors LLC Acquires 54,285 Shares of Williams Companies, Inc. (The) $WMB

Eagle Global Advisors LLC lifted its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 788,026 shares of the pipeline company’s stock after acquiring an additional 54,285 shares during the period. Williams Companies makes up 1.9% of Eagle Global Advisors LLC’s portfolio, making the stock its 15th largest holding. Eagle Global Advisors LLC owned approximately 0.06% of Williams Companies worth $49,921,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WMB. Private Wealth Management Group LLC grew its position in 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 second quarter valued at about $29,000. Atlantic Union Bankshares Corp acquired a new stake in Williams Companies during the second quarter worth about $32,000. Legacy Investment Solutions LLC acquired a new stake in Williams Companies during the second quarter worth about $35,000. Finally, Salomon & Ludwin LLC bought a new position in Williams Companies during the third quarter valued at about $35,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $61.90, for a total transaction of $123,800.00. Following the completion of the sale, the senior vice president owned 297,545 shares of the company’s stock, valued at approximately $18,418,035.50. This trade represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMB. Citigroup raised their price objective on Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Morgan Stanley raised their target price on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. TD Cowen lifted their price target on shares of Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. UBS Group restated a “buy” rating on shares of Williams Companies in a research note on Monday. Finally, Mizuho upgraded shares of Williams Companies to a “strong-buy” rating in a research report on Monday, October 27th. Three investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.29.

Williams Companies Stock Performance

Williams Companies stock opened at $60.63 on Thursday. The firm has a market capitalization of $74.04 billion, a P/E ratio of 31.25, a P/E/G ratio of 1.41 and a beta of 0.64. The stock has a fifty day moving average price of $60.11 and a two-hundred day moving average price of $59.64. 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 current ratio of 0.42 and a quick ratio of 0.36.

Williams Companies (NYSE:WMB) last issued its 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 analyst estimates of $2.87 billion. Williams Companies had a net margin of 20.61% and a return on equity of 16.74%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 12th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, December 12th. Williams Companies’s dividend payout ratio is currently 103.09%.

Williams Companies Company Profile

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.