Prospera Financial Services Inc Buys 8,514 Shares of Williams Companies, Inc. (The) $WMB

Prospera Financial Services Inc grew its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 15.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,962 shares of the pipeline company’s stock after purchasing an additional 8,514 shares during the quarter. Prospera Financial Services Inc’s holdings in Williams Companies were worth $3,893,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WMB. Flaharty Asset Management LLC bought a new stake in shares of Williams Companies during the 1st quarter worth about $25,000. Saudi Central Bank bought a new position in Williams Companies in the 1st quarter valued at about $29,000. Private Wealth Management Group LLC lifted its position in 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 boosted its holdings 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 period. Finally, Hughes Financial Services LLC acquired a new position in shares of Williams Companies in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

WMB opened at $59.53 on Monday. 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, Inc. has a 52-week low of $51.58 and a 52-week high of $65.55. The firm has a market cap of $72.70 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63. The business’s fifty day moving average is $60.38 and its 200-day moving average is $59.41.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.02). The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.87 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

Insider Activity

In related news, 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 value of $115,240.00. Following the transaction, the senior vice president directly owned 311,645 shares of the company’s stock, valued at $17,956,984.90. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the subject of several research reports. CIBC raised Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target for the company in a report on Friday, August 15th. Cibc World Mkts upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Mizuho raised Williams Companies to a “strong-buy” rating in a report on Monday, October 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a research report on Tuesday, July 15th. Finally, Jefferies Financial Group lowered their price target on shares of Williams Companies from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.86.

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.