Valley National Advisers Inc. Sells 40,062 Shares of Williams Companies, Inc. (The) $WMB

Valley National Advisers Inc. reduced its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 93.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,962 shares of the pipeline company’s stock after selling 40,062 shares during the quarter. Valley National Advisers Inc.’s holdings in Williams Companies were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Flaharty Asset Management LLC purchased a new stake in Williams Companies during the first quarter worth $25,000. Saudi Central Bank bought a new position in shares of Williams Companies in the 1st quarter worth $29,000. Private Wealth Management Group LLC lifted its stake in shares of Williams Companies by 104.8% during the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 240 shares during the last quarter. Hartford Funds Management Co LLC bought a new stake in Williams Companies during the second quarter valued at about $29,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Williams Companies in the second quarter valued at about $32,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 4,000 shares of Williams Companies stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 302,645 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 0.1%

WMB stock opened at $59.53 on Monday. 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 quick ratio of 0.36 and a current ratio of 0.42. The firm’s fifty day moving average is $59.72 and its 200 day moving average is $59.63. The firm has a market cap of $72.70 billion, a PE ratio of 30.68, a P/E/G ratio of 1.60 and a beta of 0.62.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Williams Companies had a net margin of 20.61% and a return on equity of 16.74%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have issued reports on WMB shares. Zacks Research lowered shares of Williams Companies from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. UBS Group raised their price objective on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Mizuho raised Williams Companies to a “strong-buy” rating in a research report on Monday, October 27th. TD Cowen increased their price target on Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen lowered Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Williams Companies has a consensus rating of “Moderate Buy” and a consensus target price of $68.21.

Williams Companies Company Profile

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.