Courier Capital LLC Lowers Stock Holdings in Williams Companies, Inc. (The) $WMB

Courier Capital LLC reduced its position in Williams Companies, Inc. (The) (NYSE:WMB) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 47,557 shares of the pipeline company’s stock after selling 694 shares during the period. Courier Capital LLC’s holdings in Williams Companies were worth $2,987,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMB. Nuveen LLC purchased a new stake in Williams Companies in the 1st quarter worth approximately $335,419,000. Goldman Sachs Group Inc. grew its stake in shares of Williams Companies by 45.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock valued at $677,623,000 after buying an additional 3,519,370 shares during the period. Bahl & Gaynor Inc. grew its stake in shares of Williams Companies by 34.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company’s stock valued at $674,566,000 after buying an additional 2,861,988 shares during the period. Voya Investment Management LLC grew its stake in shares of Williams Companies by 275.7% during the 1st quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company’s stock valued at $155,933,000 after buying an additional 1,914,730 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Williams Companies by 6.0% during the 1st quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company’s stock valued at $1,770,336,000 after buying an additional 1,680,477 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction 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 approximately $17,956,984.90. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,500 shares of company stock valued at $497,715. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $62.63 on Tuesday. The firm has a market cap of $76.37 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 2.09 and a beta of 0.65. The firm’s 50-day simple moving average is $59.60 and its 200-day simple moving average is $59.09. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. Williams Companies, Inc. has a 1 year low of $50.24 and a 1 year high of $65.55.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies’s dividend payout ratio is currently 100.50%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Scotiabank boosted their price objective on shares of Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 15th. Wells Fargo & Company upped their price target on shares of Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Barclays upped their price target on shares of Williams Companies from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 30th. Morgan Stanley upped their price target on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, BMO Capital Markets started coverage on shares of Williams Companies in a report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.94.

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.