Chickasaw Capital Management LLC Sells 141,552 Shares of Williams Companies, Inc. (The) $WMB

Chickasaw Capital Management LLC reduced its position in Williams Companies, Inc. (The) (NYSE:WMB) by 4.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,161,682 shares of the pipeline company’s stock after selling 141,552 shares during the period. Williams Companies comprises approximately 8.2% of Chickasaw Capital Management LLC’s holdings, making the stock its 5th biggest holding. Chickasaw Capital Management LLC owned 0.26% of Williams Companies worth $200,293,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WMB. Orser Capital Management LLC purchased a new stake in shares of Williams Companies in the third quarter valued at $1,786,000. StrongBox Wealth LLC boosted its stake in Williams Companies by 4.7% in the 3rd quarter. StrongBox Wealth LLC now owns 19,757 shares of the pipeline company’s stock worth $1,252,000 after buying an additional 885 shares during the last quarter. ARS Wealth Advisors Group LLC purchased a new stake in Williams Companies in the 3rd quarter valued at about $201,000. HF Advisory Group LLC increased its stake in shares of Williams Companies by 4.1% during the 3rd quarter. HF Advisory Group LLC now owns 12,423 shares of the pipeline company’s stock valued at $787,000 after acquiring an additional 487 shares during the last quarter. Finally, Nilsine Partners LLC increased its stake in shares of Williams Companies by 8.7% during the 3rd quarter. Nilsine Partners LLC now owns 18,616 shares of the pipeline company’s stock valued at $1,179,000 after acquiring an additional 1,488 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WMB. Jefferies Financial Group lowered their target price on shares of Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Mizuho raised shares of Williams Companies to a “strong-buy” rating in a research note on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a report on Monday. Wall Street Zen cut Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Finally, UBS Group boosted their price target on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.21.

Williams Companies Stock Up 0.7%

Shares of NYSE:WMB opened at $58.81 on Thursday. The company has a market capitalization of $71.82 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 1.57 and a beta of 0.62. The company has a 50 day moving average of $60.23 and a two-hundred day moving average of $59.69. Williams Companies, Inc. has a 52-week low of $51.58 and a 52-week high of $65.55. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 1.73.

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 the consensus estimate of $0.51 by ($0.02). Williams Companies had a net margin of 20.61% and a return on equity of 16.74%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the company posted $0.43 earnings per share. Williams Companies’s revenue for the quarter 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 forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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

Insider Buying and Selling

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

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.