Parallel Advisors LLC Boosts Position in Williams Companies, Inc. (The) $WMB

Parallel Advisors LLC raised its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,742 shares of the pipeline company’s stock after purchasing an additional 500 shares during the period. Parallel Advisors LLC’s holdings in Williams Companies were worth $800,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Flaharty Asset Management LLC acquired a new stake in Williams Companies during the 1st quarter worth $25,000. HWG Holdings LP purchased a new position in shares of Williams Companies during the first quarter worth about $26,000. Menard Financial Group LLC acquired a new stake in shares of Williams Companies during the fourth quarter worth about $26,000. Saudi Central Bank purchased a new stake in shares of Williams Companies in the 1st quarter valued at about $29,000. Finally, Iron Horse Wealth Management LLC boosted its position in shares of 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 valued at $30,000 after purchasing an additional 494 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the completion of the sale, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,500 shares of company stock valued at $623,115. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Stock Up 2.3%

WMB opened at $60.39 on Friday. The business has a 50 day simple moving average of $58.13 and a 200-day simple moving average of $58.46. Williams Companies, Inc. has a 12 month low of $44.51 and a 12 month high of $63.45. The stock has a market capitalization of $73.64 billion, a P/E ratio of 30.35, a P/E/G ratio of 1.97 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 released its earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. Williams Companies’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on WMB. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $63.00 price target on shares of Williams Companies in a research report on Tuesday, July 15th. TD Cowen initiated coverage on shares of Williams Companies in a research report on Monday, July 7th. They set a “buy” rating and a $67.00 price objective on the stock. Wall Street Zen cut shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Argus reissued a “buy” rating and set a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. Finally, Cibc World Mkts raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.86.

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.