Praxis Investment Management Inc. Sells 19,160 Shares of Williams Companies, Inc. (The) $WMB

Praxis Investment Management Inc. lowered its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 30.4% during the second quarter, HoldingsChannel reports. The fund owned 43,780 shares of the pipeline company’s stock after selling 19,160 shares during the quarter. Praxis Investment Management Inc.’s holdings in Williams Companies were worth $2,750,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Flaharty Asset Management LLC bought a new stake in Williams Companies during the 1st quarter worth $25,000. HWG Holdings LP bought a new stake in Williams Companies during the 1st quarter worth $26,000. Saudi Central Bank bought a new stake in Williams Companies during the 1st quarter worth $29,000. Iron Horse Wealth Management LLC grew its position in 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 worth $30,000 after acquiring an additional 494 shares during the last quarter. Finally, Abound Financial LLC bought a new stake in Williams Companies during the 1st quarter worth $32,000. Institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the transaction, the senior vice president directly owned 311,645 shares in the company, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock worth $497,715 over the last three months. 0.44% of the stock is owned by company insiders.

Williams Companies Stock Down 2.0%

Shares of NYSE:WMB opened at $62.49 on Friday. The company has a market capitalization of $76.20 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 2.13 and a beta of 0.65. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The business’s 50-day moving average is $59.86 and its 200-day moving average is $59.17. Williams Companies, Inc. has a 1 year low of $51.34 and a 1 year high of $65.55.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data 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 business 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 firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share 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. 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 payout ratio is currently 100.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Scotiabank boosted their price objective on Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 15th. Jefferies Financial Group began coverage on Williams Companies in a research report on Thursday, October 9th. They issued a “buy” rating and a $72.00 price target on the stock. BMO Capital Markets began coverage on Williams Companies in a research report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price target on the stock. The Goldman Sachs Group upped their price target on Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen lowered Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.73.

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.