Soviero Asset Management LP Cuts Stock Holdings in Williams Companies, Inc. (The) $WMB

Soviero Asset Management LP decreased its position in Williams Companies, Inc. (The) (NYSE:WMB) by 39.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,000 shares of the pipeline company’s stock after selling 23,000 shares during the quarter. Soviero Asset Management LP’s holdings in Williams Companies were worth $2,198,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

WMB has been the subject of several research analyst reports. Citigroup raised their target price on Williams Companies from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Morgan Stanley lifted their price objective on shares of Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. CIBC raised shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target on the stock in a report on Friday, August 15th. The Goldman Sachs Group raised their price objective 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, Cibc World Mkts raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.21.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 4,000 shares of Williams Companies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $60.53, for a total value of $242,120.00. Following the transaction, the senior vice president owned 302,645 shares in the company, valued at approximately $18,319,101.85. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $61.51 on Wednesday. The business’s 50-day moving average price is $60.74 and its 200-day moving average price is $59.70. The firm has a market capitalization of $75.11 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 1.66 and a beta of 0.62. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $65.55. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, November 3rd. The pipeline company reported $0.49 EPS 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 for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the business posted $0.43 earnings per share. The company’s 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. Sell-side analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is 103.09%.

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.