AE Wealth Management LLC Sells 66,844 Shares of Williams Companies, Inc. (The) $WMB

AE Wealth Management LLC trimmed its position in Williams Companies, Inc. (The) (NYSE:WMB) by 84.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,504 shares of the pipeline company’s stock after selling 66,844 shares during the period. AE Wealth Management LLC’s holdings in Williams Companies were worth $785,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Flaharty Asset Management LLC acquired a new position in shares of Williams Companies during the first quarter valued at $25,000. Saudi Central Bank acquired a new position in Williams Companies during the 1st quarter valued at about $29,000. Private Wealth Management Group LLC boosted its stake in shares of 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 purchasing an additional 240 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Williams Companies during the 2nd quarter worth approximately $32,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Williams Companies during the second quarter worth approximately $35,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total value of $242,120.00. Following the sale, the senior vice president owned 302,645 shares of the company’s stock, valued at $18,319,101.85. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WMB shares. TD Cowen raised their price objective on shares of Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Barclays raised their price target on Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Citigroup upped their price objective on Williams Companies from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group reduced their target price on Williams Companies from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Finally, UBS Group boosted their target price on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Williams Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.21.

Williams Companies Trading Down 1.5%

NYSE WMB opened at $59.51 on Friday. Williams Companies, Inc. has a one year low of $51.58 and a one year high of $65.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The firm has a market cap of $72.67 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.91 and a beta of 0.63. The stock’s 50-day moving average is $60.59 and its 200-day moving average is $59.44.

Williams Companies (NYSE:WMB) last released its quarterly earnings results 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 company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.87 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

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

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.