Williams Companies, Inc. (The) $WMB Stake Raised by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC lifted its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 3.5% during the second quarter, Holdings Channel.com reports. The fund owned 40,299 shares of the pipeline company’s stock after purchasing an additional 1,357 shares during the period. Brendel Financial Advisors LLC’s holdings in Williams Companies were worth $2,531,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Phillips Wealth Planners LLC increased its stake in shares of Williams Companies by 10.2% during the second quarter. Phillips Wealth Planners LLC now owns 27,329 shares of the pipeline company’s stock valued at $1,577,000 after acquiring an additional 2,535 shares during the period. Miller Howard Investments Inc. NY increased its stake in shares of Williams Companies by 27.6% during the second quarter. Miller Howard Investments Inc. NY now owns 905,078 shares of the pipeline company’s stock valued at $56,848,000 after acquiring an additional 195,965 shares during the period. SeaCrest Wealth Management LLC increased its stake in shares of Williams Companies by 20.3% during the second quarter. SeaCrest Wealth Management LLC now owns 11,925 shares of the pipeline company’s stock valued at $749,000 after acquiring an additional 2,010 shares during the period. Diversified Trust Co grew its position in Williams Companies by 28.5% in the second quarter. Diversified Trust Co now owns 46,549 shares of the pipeline company’s stock worth $2,924,000 after buying an additional 10,317 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Williams Companies by 150.5% in the second quarter. Assenagon Asset Management S.A. now owns 2,208,095 shares of the pipeline company’s stock worth $138,690,000 after buying an additional 1,326,774 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Down 0.3%

Shares of NYSE WMB opened at $60.19 on Friday. The company’s 50 day simple moving average is $58.17 and its 200 day simple moving average is $58.48. Williams Companies, Inc. has a fifty-two week low of $44.51 and a fifty-two week high of $63.45. The firm has a market capitalization of $73.39 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.02 and a beta of 0.65. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the company earned $0.43 earnings per share. The company’s quarterly revenue 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, analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, September 12th. Williams Companies’s dividend payout ratio (DPR) is currently 100.50%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Scotiabank lifted their price objective 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. CIBC raised shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price for the company in a research note on Friday, August 15th. Cibc World Mkts raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, TD Cowen started coverage on shares of Williams Companies in a report on Monday, July 7th. They set a “buy” rating and a $67.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Williams Companies has an average rating of “Moderate Buy” and a consensus target price of $63.07.

Insider Transactions at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Thursday, September 4th. The shares were 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. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,500 shares of company stock valued at $623,115. 0.44% of the stock is currently owned by corporate insiders.

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.