Belpointe Asset Management LLC Sells 952 Shares of Williams Companies, Inc. (The) $WMB

Belpointe Asset Management LLC lowered its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 19.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,996 shares of the pipeline company’s stock after selling 952 shares during the quarter. Belpointe Asset Management LLC’s holdings in Williams Companies were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Flaharty Asset Management LLC purchased a new stake in shares of Williams Companies in the 1st quarter valued at about $25,000. Menard Financial Group LLC bought a new position in shares of Williams Companies in the fourth quarter worth approximately $26,000. HWG Holdings LP purchased a new stake in Williams Companies in the first quarter valued at approximately $26,000. Saudi Central Bank bought a new stake in Williams Companies during the first quarter valued at approximately $29,000. Finally, Iron Horse Wealth Management LLC grew its stake in Williams Companies by 4,490.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock worth $30,000 after buying an additional 494 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

WMB opened at $58.48 on Tuesday. 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 $44.51 and a 52-week high of $63.45. The stock has a market capitalization of $71.31 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.96 and a beta of 0.65. The stock’s 50 day moving average price is $58.04 and its 200-day moving average price is $58.44.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm posted $0.43 earnings per share. Williams Companies’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, equities research analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, September 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Williams Companies’s payout ratio is 100.50%.

Insider Activity at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the sale, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $115,240.00. Following the sale, the senior vice president owned 311,645 shares in the company, valued at $17,956,984.90. This represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,500 shares of company stock worth $623,115 over the last three months. Insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Scotiabank boosted their price target on shares of Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a research note on Tuesday, July 15th. TD Cowen started coverage on shares of Williams Companies in a research note on Monday, July 7th. They issued a “buy” rating and a $67.00 price target for the company. Finally, Argus reissued a “buy” rating and set a $66.00 price objective on shares of Williams Companies in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.86.

About Williams Companies

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.