CapWealth Advisors LLC Has $49.36 Million Stake in Williams Companies, Inc. (The) $WMB

CapWealth Advisors LLC cut its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 1.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 779,136 shares of the pipeline company’s stock after selling 15,488 shares during the period. Williams Companies makes up approximately 3.4% of CapWealth Advisors LLC’s investment portfolio, making the stock its 4th largest position. CapWealth Advisors LLC owned about 0.06% of Williams Companies worth $49,358,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Williams Companies by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 133,075,340 shares of the pipeline company’s stock worth $8,358,462,000 after purchasing an additional 1,912,156 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Williams Companies by 27.3% in the second quarter. Invesco Ltd. now owns 14,417,821 shares of the pipeline company’s stock valued at $905,583,000 after buying an additional 3,089,390 shares during the period. Norges Bank acquired a new stake in Williams Companies during the second quarter worth approximately $765,164,000. BROOKFIELD Corp ON grew its position in Williams Companies by 190.3% during the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock worth $755,490,000 after buying an additional 7,884,730 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Williams Companies by 9.9% during the 2nd quarter. Legal & General Group Plc now owns 10,056,234 shares of the pipeline company’s stock worth $631,632,000 after acquiring an additional 903,457 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Zacks Research downgraded Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. BMO Capital Markets cut 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. Barclays increased their price objective on shares of Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group boosted their target price on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Finally, TD Cowen increased their price target on shares of Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.29.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the firm’s 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. This trade represents a 1.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is owned by corporate insiders.

Williams Companies Price Performance

WMB stock opened at $63.14 on Thursday. The stock has a market cap of $77.11 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 1.43 and a beta of 0.64. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.42 and a quick ratio of 0.36. The company has a 50 day simple moving average of $60.29 and a 200 day simple moving average of $59.71. Williams Companies, Inc. has a 1 year low of $51.58 and a 1 year high of $65.55.

Williams Companies (NYSE:WMB) last posted 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 return on equity of 16.74% and a net margin of 20.61%.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 business’s quarterly 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. Research analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, December 12th. Williams Companies’s payout ratio is 103.09%.

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.