Cidel Asset Management Inc. Reduces Stock Position in Williams Companies, Inc. (The) $WMB

Cidel Asset Management Inc. reduced its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 7.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,688 shares of the pipeline company’s stock after selling 466 shares during the period. Cidel Asset Management Inc.’s holdings in Williams Companies were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Chapin Davis Inc. boosted its stake in shares of 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 purchasing an additional 170 shares during the period. TrueWealth Advisors LLC boosted its stake in shares of Williams Companies by 0.7% during the 2nd 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. Chesley Taft & Associates LLC boosted its stake in shares of Williams Companies by 1.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock worth $642,000 after purchasing an additional 184 shares during the period. Quarry LP boosted its stake in shares of 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 during the period. Finally, Quantum Financial Advisors LLC boosted its stake in shares of Williams Companies by 5.1% during the 2nd quarter. Quantum Financial Advisors LLC now owns 3,933 shares of the pipeline company’s stock worth $247,000 after purchasing an additional 190 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Trading Down 0.2%

NYSE:WMB opened at $62.39 on Monday. Williams Companies, Inc. has a one year low of $51.34 and a one year 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 cap of $76.08 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.08 and a beta of 0.65. The firm has a 50-day simple moving average of $59.95 and a 200-day simple moving average of $59.16.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 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 business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Barclays lifted their price target on shares of Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group boosted their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. BMO Capital Markets began coverage on shares of Williams Companies in a research report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price objective for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Williams Companies in a research report on Tuesday, October 14th. One investment 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.73.

Insider Activity

In other news, COO Larry C. Larsen sold 4,500 shares of the business’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 sale, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated 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 90 days, insiders sold 8,500 shares of company stock valued at $497,715. Company insiders own 0.44% of the company’s stock.

Williams Companies 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.