Forvis Mazars Wealth Advisors LLC Purchases 202 Shares of Williams Companies, Inc. (The) $WMB

Forvis Mazars Wealth Advisors LLC grew its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,994 shares of the pipeline company’s stock after buying an additional 202 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Williams Companies were worth $314,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. First National Bank of Hutchinson boosted its stake in Williams Companies by 2.7% in the second quarter. First National Bank of Hutchinson now owns 7,684 shares of the pipeline company’s stock valued at $483,000 after buying an additional 199 shares in the last quarter. Aspiriant LLC acquired a new position in shares of Williams Companies in the second quarter valued at approximately $303,000. Koshinski Asset Management Inc. acquired a new position in shares of Williams Companies in the second quarter valued at approximately $291,000. Private Wealth Management Group LLC increased its stake in shares of Williams Companies by 104.8% in the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after buying an additional 240 shares during the period. Finally, Chevy Chase Trust Holdings LLC boosted its holdings in Williams Companies by 0.9% in the second quarter. Chevy Chase Trust Holdings LLC now owns 646,322 shares of the pipeline company’s stock valued at $40,595,000 after acquiring an additional 5,618 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on WMB shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a report on Tuesday, July 15th. UBS Group increased their target price on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Cibc World Mkts raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Williams Companies in a research report on Tuesday, October 14th. Finally, Barclays raised their target price on Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Williams Companies presently has an average rating of “Moderate Buy” and a consensus price target of $66.73.

Insider Transactions at Williams Companies

In other news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction 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. This trade represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the sale, 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 quarter, insiders have sold 8,500 shares of company stock valued at $497,715. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 1.0%

Shares of NYSE WMB opened at $63.10 on Tuesday. Williams Companies, Inc. has a 52 week low of $51.46 and a 52 week high of $65.55. The business has a 50-day simple moving average of $60.05 and a two-hundred day simple moving average of $59.22. 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 company has a market cap of $76.94 billion, a P/E ratio of 31.71, a P/E/G ratio of 2.08 and a beta of 0.65.

Williams Companies (NYSE:WMB) last issued its 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 return on equity of 16.23% and a net margin of 21.63%.The company 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 business earned $0.43 EPS. The firm’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. Research analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders 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 was Friday, September 12th. Williams Companies’s dividend payout ratio (DPR) 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.