Williams Companies, Inc. (The) $WMB Shares Sold by Prossimo Advisors LLC

Prossimo Advisors LLC decreased its position in Williams Companies, Inc. (The) (NYSE:WMB) by 86.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,409 shares of the pipeline company’s stock after selling 21,057 shares during the quarter. Williams Companies accounts for approximately 1.6% of Prossimo Advisors LLC’s holdings, making the stock its 26th largest position. Prossimo Advisors LLC’s holdings in Williams Companies were worth $216,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Williams Companies by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 133,075,340 shares of the pipeline company’s stock valued at $8,358,462,000 after purchasing an additional 1,912,156 shares during the period. Invesco Ltd. increased its position in Williams Companies by 27.3% in the 2nd quarter. Invesco Ltd. now owns 14,417,821 shares of the pipeline company’s stock worth $905,583,000 after purchasing an additional 3,089,390 shares during the last quarter. Norges Bank bought a new stake in Williams Companies in the second quarter worth $765,164,000. BROOKFIELD Corp ON grew its position in shares of Williams Companies by 190.3% in the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock valued at $755,490,000 after purchasing an additional 7,884,730 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Williams Companies by 9.9% in the second quarter. Legal & General Group Plc now owns 10,056,234 shares of the pipeline company’s stock valued at $631,632,000 after purchasing an additional 903,457 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the business’s 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 completion of the transaction, the senior vice president owned 302,645 shares of the company’s stock, valued at $18,319,101.85. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. BMO Capital Markets cut 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. TD Cowen lifted their target price on Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Citigroup boosted their price objective on shares of Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. The Goldman Sachs Group raised their target price 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, Wall Street Zen downgraded Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.29.

Williams Companies Stock Up 0.2%

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

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (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 business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm posted $0.43 EPS. 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. On average, equities analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 12th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.00 annualized dividend and a yield of 3.3%. Williams Companies’s payout ratio 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.