Precedent Wealth Partners LLC Purchases 691 Shares of Williams Companies, Inc. (The) $WMB

Precedent Wealth Partners LLC lifted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 8.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 9,366 shares of the pipeline company’s stock after acquiring an additional 691 shares during the period. Precedent Wealth Partners LLC’s holdings in Williams Companies were worth $588,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Flaharty Asset Management LLC bought a new stake in shares of Williams Companies during the first quarter valued at approximately $25,000. HWG Holdings LP bought a new stake in Williams Companies in the first quarter worth $26,000. Saudi Central Bank bought a new stake in Williams Companies in the first quarter worth $29,000. Iron Horse Wealth Management LLC boosted its holdings in Williams Companies by 4,490.9% in the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 494 shares in the last quarter. Finally, Abound Financial LLC bought a new stake in Williams Companies in the first quarter worth $32,000. 86.44% of the stock is currently owned by institutional investors.

Insider Transactions at Williams Companies

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wolfe Research upgraded Williams Companies from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 13th. CIBC upgraded Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target for the company in a research note on Friday, August 15th. Royal Bank Of Canada restated an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a research note on Tuesday, July 15th. Barclays boosted their price target on Williams Companies from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, The Goldman Sachs Group boosted their price target on Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.53.

Williams Companies Stock Performance

NYSE:WMB opened at $64.54 on Friday. The stock has a 50-day simple moving average of $59.14 and a two-hundred day simple moving average of $58.97. Williams Companies, Inc. has a 52-week low of $48.41 and a 52-week high of $65.55. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The firm has a market capitalization of $78.70 billion, a PE ratio of 32.43, a P/E/G ratio of 2.14 and a beta of 0.65.

Williams Companies (NYSE:WMB) last released its quarterly earnings results 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 net margin of 21.63% and a return on equity of 16.23%. 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 firm posted $0.43 EPS. The business’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 forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were paid a $0.50 dividend. 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 3.1%. Williams Companies’s dividend payout ratio is 100.50%.

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.