CPC Advisors LLC Has $7.78 Million Holdings in Williams Companies, Inc. (The) $WMB

CPC Advisors LLC lifted its position in Williams Companies, Inc. (The) (NYSE:WMB) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,764 shares of the pipeline company’s stock after purchasing an additional 8,444 shares during the quarter. CPC Advisors LLC’s holdings in Williams Companies were worth $7,777,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hartford Funds Management Co LLC bought a new position in shares of Williams Companies during the 2nd quarter worth about $29,000. Private Wealth Management Group LLC lifted its stake in Williams Companies by 104.8% during the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 240 shares during the period. Atlantic Union Bankshares Corp bought a new position in Williams Companies during the second quarter worth about $32,000. Salomon & Ludwin LLC acquired a new stake in Williams Companies during the third quarter valued at approximately $35,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Williams Companies in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on WMB. Tudor Pickering raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research note on Monday, December 29th. Citigroup increased their target price 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. Barclays lifted their price target on shares of Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Finally, Jefferies Financial Group upped their price objective on shares of Williams Companies from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday. Three 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.29.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $61.90, for a total transaction of $123,800.00. Following the completion of the sale, the senior vice president owned 297,545 shares in the company, valued at $18,418,035.50. The trade was a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 1.3%

Shares of NYSE:WMB opened at $59.55 on Tuesday. 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 firm has a market cap of $72.72 billion, a P/E ratio of 30.69, a P/E/G ratio of 1.40 and a beta of 0.64. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $65.55. The company’s 50-day moving average price is $59.97 and its two-hundred day moving average price is $59.65.

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 return on equity of 16.74% and a net margin of 20.61%.The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. Williams Companies’s revenue for the quarter was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 12th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is presently 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.