Onyx Bridge Wealth Group LLC Has $217,000 Stock Position in Williams Companies, Inc. (The) $WMB

Onyx Bridge Wealth Group LLC cut its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,450 shares of the pipeline company’s stock after selling 186 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Williams Companies were worth $217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Flaharty Asset Management LLC bought a new position in shares of Williams Companies during the 1st quarter worth about $25,000. Private Wealth Management Group LLC increased its position in Williams Companies by 104.8% in the 2nd 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 in the last quarter. Saudi Central Bank acquired a new position in Williams Companies during the 1st quarter worth approximately $29,000. Iron Horse Wealth Management LLC boosted its holdings in Williams Companies by 4,490.9% in the first 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 in the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in Williams Companies in the first quarter valued at approximately $32,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Trading Down 0.2%

Shares of WMB stock opened at $62.23 on Thursday. 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 company has a market capitalization of $75.88 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.08 and a beta of 0.65. Williams Companies, Inc. has a 52-week low of $51.46 and a 52-week high of $65.55. The company has a 50-day simple moving average of $60.23 and a two-hundred day simple moving average of $59.27.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share 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 analysts’ expectations of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.Williams Companies’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. 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 EPS for the current fiscal year.

Williams Companies Announces Dividend

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

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares in the company, valued at $17,956,984.90. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the business’s 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 transaction, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMB. Argus restated a “buy” rating and set a $66.00 price target on shares of Williams Companies in a research note on Thursday, August 14th. Scotiabank boosted their target price on shares of Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 15th. BMO Capital Markets started coverage on shares of Williams Companies in a research report on Friday, September 19th. They issued an “outperform” rating and a $66.00 price target on the stock. Jefferies Financial Group started coverage on Williams Companies in a research note on Thursday, October 9th. They set a “buy” rating and a $72.00 price target for the company. Finally, Wall Street Zen downgraded Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Williams Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.73.

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.