Williams Companies, Inc. (The) $WMB Shares Purchased by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey raised its position in Williams Companies, Inc. (The) (NYSE:WMB) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,757 shares of the pipeline company’s stock after purchasing an additional 7,022 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Williams Companies were worth $11,605,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WMB. Chapin Davis Inc. grew its holdings 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. Wallace Advisory Group LLC raised its holdings in shares of Williams Companies by 2.6% in the 2nd quarter. Wallace Advisory Group LLC now owns 7,031 shares of the pipeline company’s stock valued at $420,000 after buying an additional 176 shares during the period. Whittier Trust Co. boosted its holdings in Williams Companies by 2.2% during the 2nd quarter. Whittier Trust Co. now owns 8,177 shares of the pipeline company’s stock valued at $514,000 after acquiring an additional 179 shares during the period. TrueWealth Advisors LLC increased its stake in Williams Companies by 0.7% during the second 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. Finally, Chesley Taft & Associates LLC boosted its stake in shares of Williams Companies by 1.8% in the second quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock valued at $642,000 after purchasing an additional 184 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on WMB. The Goldman Sachs Group increased their price target on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Barclays upped their price objective on shares of Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. UBS Group lifted their target price on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Mizuho raised Williams Companies to a “strong-buy” rating in a report on Monday, October 27th. Finally, Citigroup upped their target price on Williams Companies from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.21.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the sale, the senior vice president owned 302,645 shares in the company, valued at $18,319,101.85. This trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Performance

Shares of WMB stock opened at $59.51 on Friday. Williams Companies, Inc. has a 52-week low of $51.58 and a 52-week high of $65.55. The stock’s 50-day moving average price is $60.59 and its 200 day moving average price is $59.44. 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 stock has a market capitalization of $72.67 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 12th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Williams Companies’s payout ratio is presently 103.09%.

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.