Williams Companies, Inc. (The) $WMB is Spirit of America Management Corp NY’s 3rd Largest Position

Spirit of America Management Corp NY reduced its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 163,532 shares of the pipeline company’s stock after selling 19,900 shares during the quarter. Williams Companies accounts for about 2.1% of Spirit of America Management Corp NY’s investment portfolio, making the stock its 3rd largest position. Spirit of America Management Corp NY’s holdings in Williams Companies were worth $10,360,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Flaharty Asset Management LLC bought a new position in shares of Williams Companies in the first quarter worth approximately $25,000. Hartford Funds Management Co LLC purchased a new position in Williams Companies in the 2nd quarter worth approximately $29,000. Private Wealth Management Group LLC increased its holdings in shares of Williams Companies by 104.8% in the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after buying an additional 240 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of Williams Companies during the 1st quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Williams Companies during the 2nd quarter worth $32,000. Institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 4,000 shares of the company’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 transaction, the senior vice president owned 302,645 shares of the company’s stock, valued at $18,319,101.85. This represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WMB shares. Zacks Research lowered Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Jefferies Financial Group reduced their price target on shares of Williams Companies from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Citigroup lifted their price target on shares of Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Tudor Pickering raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Finally, BMO Capital Markets reduced their target price on shares of Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Three equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, Williams Companies has an average rating of “Moderate Buy” and a consensus target price of $68.21.

Williams Companies Stock Performance

NYSE:WMB opened at $59.46 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.36 and a current ratio of 0.42. Williams Companies, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $65.55. The firm has a market cap of $72.61 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 1.59 and a beta of 0.62. The business has a 50 day moving average price of $59.78 and a 200-day moving average price of $59.63.

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 analysts’ consensus estimates of $0.51 by ($0.02). The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.87 billion. Williams Companies had a net margin of 20.61% and a return on equity of 16.74%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Williams Companies’s dividend payout ratio (DPR) is presently 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.