Allworth Financial LP Has $6.09 Million Stock Holdings in Williams Companies, Inc. (The) $WMB

Allworth Financial LP raised its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 50.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,993 shares of the pipeline company’s stock after acquiring an additional 32,403 shares during the quarter. Allworth Financial LP’s holdings in Williams Companies were worth $6,092,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Flaharty Asset Management LLC bought a new stake in shares of Williams Companies in the first quarter valued at approximately $25,000. Saudi Central Bank bought a new position in Williams Companies during the 1st quarter worth $29,000. Private Wealth Management Group LLC raised its holdings in Williams Companies by 104.8% in the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 240 shares in the last quarter. Hartford Funds Management Co LLC acquired a new position in Williams Companies in the 2nd quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Williams Companies during the 2nd quarter valued at $32,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Jefferies Financial Group dropped their target price on shares of Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. BMO Capital Markets lowered their price objective on shares of Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Morgan Stanley upped their target price on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. The Goldman Sachs Group raised their target price on Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Finally, UBS Group boosted their price target on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Two investment 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.86.

Williams Companies Stock Performance

Shares of WMB opened at $60.57 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The firm’s fifty day simple moving average is $60.50 and its two-hundred day simple moving average is $59.43. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $65.55. The stock has a market capitalization of $73.97 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.02). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, analysts predict 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. Shareholders of record on Friday, December 12th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction 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 transaction, the senior vice president owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is owned by insiders.

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.