Alteri Wealth LLC Sells 1,132 Shares of Williams Companies, Inc. (The) $WMB

Alteri Wealth LLC lowered its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 8.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,274 shares of the pipeline company’s stock after selling 1,132 shares during the period. Alteri Wealth LLC’s holdings in Williams Companies were worth $771,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMB. Flaharty Asset Management LLC bought a new stake in Williams Companies in the 1st quarter worth approximately $25,000. Saudi Central Bank purchased a new position in shares of Williams Companies during the first quarter worth approximately $29,000. Private Wealth Management Group LLC lifted its holdings 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 worth $29,000 after acquiring an additional 240 shares during the last quarter. Hartford Funds Management Co LLC purchased a new stake in shares of Williams Companies in the 2nd quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Williams Companies in the 2nd quarter valued at $32,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Stock Down 1.2%

Shares of Williams Companies stock opened at $59.17 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. Williams Companies, Inc. has a 12-month low of $51.58 and a 12-month high of $65.55. The company has a market cap of $72.25 billion, a P/E ratio of 29.73, a PEG ratio of 1.91 and a beta of 0.64. The company’s fifty day simple moving average is $60.76 and its two-hundred day simple moving average is $59.45.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. 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 previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Research analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s payout ratio is presently 103.09%.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the transaction, the senior vice president owned 302,645 shares of the company’s stock, valued at approximately $18,319,101.85. This represents a 1.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the topic of a number of analyst reports. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. BMO Capital Markets decreased their price objective on Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Barclays boosted their target price on Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Citigroup raised their price target on Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Jefferies Financial Group lowered their price objective on Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Two 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.21.

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.