Townsquare Capital LLC Sells 10,143 Shares of Williams Companies, Inc. (The) $WMB

Townsquare Capital LLC lowered its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 40.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,985 shares of the pipeline company’s stock after selling 10,143 shares during the quarter. Townsquare Capital LLC’s holdings in Williams Companies were worth $949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in WMB. Robeco Institutional Asset Management B.V. increased its position in shares of Williams Companies by 105.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,258,552 shares of the pipeline company’s stock valued at $79,050,000 after acquiring an additional 646,488 shares in the last quarter. World Investment Advisors lifted its stake in shares of Williams Companies by 185.6% in the 3rd quarter. World Investment Advisors now owns 43,069 shares of the pipeline company’s stock worth $2,728,000 after purchasing an additional 27,987 shares during the period. Compass Wealth Management LLC grew its position in shares of Williams Companies by 75.9% during the 3rd quarter. Compass Wealth Management LLC now owns 125,290 shares of the pipeline company’s stock valued at $7,937,000 after acquiring an additional 54,057 shares during the period. Adams Natural Resources Fund Inc. increased its position in Williams Companies by 1,238.3% in the second quarter. Adams Natural Resources Fund Inc. now owns 365,350 shares of the pipeline company’s stock worth $22,948,000 after buying an additional 338,050 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Williams Companies by 11.3% during the 3rd quarter. Nordea Investment Management AB now owns 1,740,024 shares of the pipeline company’s stock worth $110,126,000 after acquiring an additional 176,880 shares during the period. 86.44% of the stock is owned by institutional investors.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 4,000 shares of Williams Companies stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total transaction of $242,120.00. Following the sale, the senior vice president directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of Williams Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a research report on Monday, December 29th. TD Cowen lifted their price objective on Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Citigroup boosted their target price on shares of Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, BMO Capital Markets dropped their price target on Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.29.

Williams Companies Stock Up 0.1%

WMB stock opened at $67.30 on Friday. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $68.27. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.73. The company has a market cap of $82.19 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 1.57 and a beta of 0.64. The firm has a 50-day moving average of $61.15 and a two-hundred day moving average of $60.06.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data 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 return on equity of 16.74% and a net margin of 20.61%.The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.87 billion. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.525 per share. This is a positive change from Williams Companies’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.10 dividend on an annualized basis and a yield of 3.1%. Williams Companies’s dividend payout ratio (DPR) is presently 108.25%.

About Williams Companies

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.