Mutual of America Capital Management LLC Sells 7,382 Shares of Williams Companies, Inc. (The) $WMB

Mutual of America Capital Management LLC decreased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 253,539 shares of the pipeline company’s stock after selling 7,382 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Williams Companies were worth $15,925,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Chapin Davis Inc. raised its stake in Williams Companies by 1.6% during the 2nd quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock worth $688,000 after buying an additional 170 shares during the period. TrueWealth Advisors LLC raised its position in shares of Williams Companies by 0.7% during the second quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock worth $1,559,000 after purchasing an additional 182 shares during the period. Castleview Partners LLC lifted its holdings in shares of Williams Companies by 4.2% during the 1st quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company’s stock valued at $268,000 after purchasing an additional 183 shares in the last quarter. Chesley Taft & Associates LLC grew its position in shares of Williams Companies by 1.8% in the 2nd quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock valued at $642,000 after purchasing an additional 184 shares during the period. Finally, Quarry LP increased its stake in Williams Companies by 20.3% during the 1st quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock worth $65,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 0.2%

NYSE:WMB opened at $62.39 on Friday. Williams Companies, Inc. has a twelve month low of $51.34 and a twelve month high of $65.55. The firm has a market capitalization of $76.08 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 2.08 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The stock’s 50 day moving average price is $59.95 and its two-hundred day moving average price is $59.16.

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

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, September 12th. Williams Companies’s dividend payout ratio (DPR) is 100.50%.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 in the company, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the firm’s stock in a transaction that occurred 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 directly owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. The trade was a 5.48% 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 valued at $497,715 over the last quarter. 0.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WMB. Wells Fargo & Company upped their price target on shares of Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Scotiabank lifted their price target on Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 15th. Jefferies Financial Group began coverage on Williams Companies in a research report on Thursday, October 9th. They set a “buy” rating and a $72.00 price objective for the company. Finally, UBS Group lifted their target price on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.