Eagle Global Advisors LLC Acquires 54,285 Shares of Williams Companies, Inc. (The) $WMB

Eagle Global Advisors LLC lifted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 7.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 788,026 shares of the pipeline company’s stock after purchasing an additional 54,285 shares during the period. Williams Companies comprises 1.9% of Eagle Global Advisors LLC’s portfolio, making the stock its 15th largest holding. Eagle Global Advisors LLC’s holdings in Williams Companies were worth $49,921,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMB. Private Wealth Management Group LLC lifted its position in Williams Companies by 104.8% during 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 in the last quarter. Hartford Funds Management Co LLC acquired a new stake in Williams Companies in the 2nd quarter valued at about $29,000. Atlantic Union Bankshares Corp bought a new position in shares of Williams Companies in the second quarter worth about $32,000. Legacy Investment Solutions LLC acquired a new position in shares of Williams Companies during the second quarter worth approximately $35,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of Williams Companies during the third quarter valued at approximately $35,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WMB shares. Barclays boosted 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 report on Tuesday, October 14th. Zacks Research cut Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. BMO Capital Markets dropped their target price 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 reiterated a “buy (b)” rating on shares of Williams Companies in a report on Monday, December 29th. Finally, Morgan Stanley lifted their price objective on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $68.29.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 4,000 shares of Williams Companies stock in a transaction that occurred 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 transaction, the senior vice president owned 302,645 shares of the company’s stock, valued at $18,319,101.85. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.44% of the stock is owned by insiders.

Williams Companies Stock Performance

WMB stock opened at $60.63 on Thursday. Williams Companies, Inc. has a twelve month low of $51.58 and a twelve month high of $65.55. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 1.73. The company has a market cap of $74.04 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 1.41 and a beta of 0.64. The business’s fifty day moving average is $60.11 and its 200-day moving average is $59.64.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a net margin of 20.61% and a return on equity of 16.74%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The company’s revenue for the quarter 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. Equities research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 12th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

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.