Williams Companies, Inc. (The) $WMB Shares Bought by Lee Financial Co

Lee Financial Co lifted its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 102.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,586 shares of the pipeline company’s stock after purchasing an additional 8,910 shares during the quarter. Lee Financial Co’s holdings in Williams Companies were worth $1,114,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Everhart Financial Group Inc. lifted its stake in shares of Williams Companies by 18.3% in the third quarter. Everhart Financial Group Inc. now owns 20,518 shares of the pipeline company’s stock valued at $1,300,000 after purchasing an additional 3,178 shares during the period. Keybank National Association OH lifted its position in shares of Williams Companies by 1.1% during the 3rd quarter. Keybank National Association OH now owns 33,072 shares of the pipeline company’s stock valued at $2,095,000 after acquiring an additional 356 shares during the period. National Pension Service lifted its position in shares of Williams Companies by 1.1% during the 3rd quarter. National Pension Service now owns 3,873,861 shares of the pipeline company’s stock valued at $245,409,000 after acquiring an additional 42,387 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of Williams Companies by 11.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,766 shares of the pipeline company’s stock worth $239,000 after acquiring an additional 399 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of Williams Companies by 30.3% in the 3rd quarter. Golden State Wealth Management LLC now owns 6,640 shares of the pipeline company’s stock worth $421,000 after acquiring an additional 1,546 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WMB shares. TD Cowen raised their price objective on Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. BMO Capital Markets lowered their target price on Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Mizuho upgraded Williams Companies to a “strong-buy” rating in a research report on Monday, October 27th. Citigroup boosted their price objective on shares of Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a research note on Monday, December 29th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.29.

Williams Companies Stock Up 0.1%

WMB opened at $67.30 on Friday. The firm has a market cap of $82.19 billion, a P/E ratio of 34.69, a PEG ratio of 1.57 and a beta of 0.64. The business’s fifty day simple moving average is $61.15 and its 200 day simple moving average is $60.08. Williams Companies, Inc. has a 52 week low of $51.58 and a 52 week high of $68.27. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a net margin of 20.61% and a return on equity of 16.74%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the company posted $0.43 earnings per share. Williams Companies’s revenue for the quarter was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities research analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 3.1%. This is an increase from Williams Companies’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 13th. Williams Companies’s dividend payout ratio (DPR) is 103.09%.

Insider Buying and Selling

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

Williams Companies 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.