Williams Companies, Inc. (The) $WMB Stake Reduced by Slocum Gordon & Co LLP

Slocum Gordon & Co LLP trimmed its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 36.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,417 shares of the pipeline company’s stock after selling 22,310 shares during the quarter. Williams Companies accounts for about 2.0% of Slocum Gordon & Co LLP’s portfolio, making the stock its 17th biggest holding. Slocum Gordon & Co LLP’s holdings in Williams Companies were worth $2,497,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WMB. Norges Bank bought a new stake in Williams Companies during the second quarter worth approximately $765,164,000. BROOKFIELD Corp ON lifted its position in shares of Williams Companies by 190.3% during the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock valued at $755,490,000 after acquiring an additional 7,884,730 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Williams Companies by 27.3% during the 2nd quarter. Invesco Ltd. now owns 14,417,821 shares of the pipeline company’s stock worth $905,583,000 after acquiring an additional 3,089,390 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Williams Companies by 39.0% in the 2nd quarter. Artisan Partners Limited Partnership now owns 6,954,733 shares of the pipeline company’s stock worth $436,827,000 after acquiring an additional 1,950,485 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Williams Companies by 275.7% during the first quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company’s stock worth $155,933,000 after purchasing an additional 1,914,730 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Up 0.1%

WMB opened at $59.53 on Monday. Williams Companies, Inc. has a 1-year low of $51.58 and a 1-year high of $65.55. The business has a 50 day moving average of $59.72 and a 200-day moving average of $59.63. The stock has a market capitalization of $72.70 billion, a price-to-earnings ratio of 30.68, a P/E/G ratio of 1.60 and a beta of 0.62. 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 released its earnings results 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). The company had revenue of $2.92 billion during 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 firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.50 per share. 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%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WMB shares. Morgan Stanley lifted their target price on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. BMO Capital Markets reduced their price objective on Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research note on Monday, December 22nd. UBS Group increased their price objective on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Finally, TD Cowen boosted their target price 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 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.21.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total transaction of $242,120.00. Following the transaction, the senior vice president owned 302,645 shares in the company, valued at $18,319,101.85. This represents a 1.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.44% of the company’s stock.

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.