Oppenheimer Asset Management Inc. Has $20.62 Million Position in Williams Companies, Inc. (The) $WMB

Oppenheimer Asset Management Inc. lowered its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 328,287 shares of the pipeline company’s stock after selling 17,680 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Williams Companies were worth $20,620,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Williams Companies by 1.2% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company’s stock worth $34,489,000 after purchasing an additional 6,816 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Williams Companies by 362.5% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company’s stock valued at $87,608,000 after buying an additional 1,149,045 shares during the period. Kessler Investment Group LLC bought a new stake in shares of Williams Companies in the 1st quarter valued at $327,000. Golden State Wealth Management LLC lifted its stake in shares of Williams Companies by 9.4% in the 1st quarter. Golden State Wealth Management LLC now owns 4,788 shares of the pipeline company’s stock valued at $286,000 after purchasing an additional 410 shares during the period. Finally, Miller Howard Investments Inc. NY increased its stake in shares of Williams Companies by 3.7% in the 1st quarter. Miller Howard Investments Inc. NY now owns 709,113 shares of the pipeline company’s stock valued at $42,377,000 after acquiring an additional 25,016 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the company’s stock in a transaction 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 transaction, the chief operating officer directly owned 77,612 shares in the company, 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. Company insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the topic of a number of analyst reports. The Goldman Sachs Group upped their target price on shares of Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a research report on Tuesday, July 15th. Morgan Stanley raised their price objective on shares of Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Argus restated a “buy” rating and issued a $66.00 price objective on shares of Williams Companies in a research report on Thursday, August 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Williams Companies in a research report on Tuesday, October 14th. One equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.73.

Williams Companies Price Performance

Shares of NYSE WMB opened at $57.50 on Friday. The company has a 50 day simple moving average of $60.26 and a two-hundred day simple moving average of $59.35. The company has a market capitalization of $70.12 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 1.92 and a beta of 0.65. Williams Companies, Inc. has a fifty-two week low of $51.46 and a fifty-two week 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.

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 company had revenue of $2.78 billion for 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%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced 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 3.5%. The ex-dividend date was Friday, September 12th. Williams Companies’s dividend payout ratio is currently 100.50%.

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.