Envestnet Asset Management Inc. Cuts Stock Position in Williams Companies, Inc. (The) $WMB

Envestnet Asset Management Inc. lessened its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 0.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,405,779 shares of the pipeline company’s stock after selling 3,848 shares during the period. Envestnet Asset Management Inc. owned 0.36% of Williams Companies worth $276,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new stake in shares of Williams Companies during the first quarter worth about $25,000. Saudi Central Bank purchased a new stake in shares of Williams Companies during the first quarter worth about $29,000. Private Wealth Management Group LLC grew its stake in shares of Williams Companies by 104.8% during the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 240 shares during the last quarter. Iron Horse Wealth Management LLC grew its stake in shares of Williams Companies by 4,490.9% during 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 during the last quarter. Finally, Abound Financial LLC purchased a new stake in shares of Williams Companies during the first quarter worth about $32,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $57.50 on Monday. The business’s 50 day moving average price is $60.26 and its 200 day moving average price is $59.37. The firm has a market cap of $70.12 billion, a P/E ratio of 28.90, a P/E/G ratio of 1.92 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 quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB) last released its quarterly earnings data 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 analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, sell-side analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, September 12th. Williams Companies’s dividend payout ratio is currently 100.50%.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of research analyst reports. Cibc World Mkts upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Zacks Research lowered Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Royal Bank Of Canada restated an “outperform” rating and set a $63.00 price target on shares of Williams Companies in a research note on Tuesday, July 15th. Barclays upped 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. Finally, BMO Capital Markets started coverage on Williams Companies in a research report on Friday, September 19th. They issued an “outperform” rating and a $66.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.73.

Insider Activity at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the sale, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 311,645 shares in the company, 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 worth $497,715. Insiders own 0.44% of the company’s stock.

Williams Companies Company 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.