StrongBox Wealth LLC Has $1.19 Million Stake in Williams Companies, Inc. (The) $WMB

StrongBox Wealth LLC grew its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 5.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,872 shares of the pipeline company’s stock after buying an additional 960 shares during the period. StrongBox Wealth LLC’s holdings in Williams Companies were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of WMB. Flaharty Asset Management LLC acquired a new stake in shares of Williams Companies during the 1st quarter valued at about $25,000. Menard Financial Group LLC acquired a new stake in shares of Williams Companies during the 4th quarter valued at about $26,000. HWG Holdings LP acquired a new stake in shares of Williams Companies during the 1st quarter valued at about $26,000. Saudi Central Bank acquired a new stake in shares of Williams Companies during the 1st quarter valued at about $29,000. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 494 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMB has been the topic of several recent research reports. Argus reiterated a “buy” rating and set a $66.00 target price on shares of Williams Companies in a research report on Thursday, August 14th. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Scotiabank boosted their price target on shares of Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 15th. Royal Bank Of Canada restated an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a research report on Tuesday, July 15th. Finally, Barclays boosted their price target on shares of Williams Companies from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.86.

Insiders Place Their Bets

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the completion of the sale, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the completion of the sale, the senior vice president owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,500 shares of company stock valued at $623,115. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 0.8%

Shares of WMB stock opened at $57.94 on Wednesday. The firm has a fifty day moving average of $58.05 and a 200-day moving average of $58.44. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 12-month low of $44.51 and a 12-month high of $63.45. The company has a market capitalization of $70.65 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 1.95 and a beta of 0.65.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 19.0% 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 predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.5%. Williams Companies’s dividend payout ratio is presently 100.50%.

Williams Companies Company 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.