Fidelis Capital Partners LLC Boosts Holdings in Williams Companies, Inc. (The) $WMB

Fidelis Capital Partners LLC raised its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 132.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 67,248 shares of the pipeline company’s stock after acquiring an additional 38,274 shares during the period. Fidelis Capital Partners LLC’s holdings in Williams Companies were worth $4,260,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Wallace Advisory Group LLC grew its holdings in Williams Companies by 2.6% during the second quarter. Wallace Advisory Group LLC now owns 7,031 shares of the pipeline company’s stock worth $420,000 after acquiring an additional 176 shares during the period. Whittier Trust Co. boosted its position in Williams Companies by 2.2% in the 2nd quarter. Whittier Trust Co. now owns 8,177 shares of the pipeline company’s stock worth $514,000 after purchasing an additional 179 shares in the last quarter. Patten & Patten Inc. TN grew its stake in shares of Williams Companies by 1.7% during the 3rd quarter. Patten & Patten Inc. TN now owns 11,087 shares of the pipeline company’s stock worth $702,000 after purchasing an additional 187 shares during the period. LRI Investments LLC increased its holdings in shares of Williams Companies by 10.7% during the 2nd quarter. LRI Investments LLC now owns 1,993 shares of the pipeline company’s stock valued at $125,000 after purchasing an additional 193 shares in the last quarter. Finally, First National Bank of Hutchinson lifted its stake in shares of Williams Companies by 2.7% in the 2nd quarter. First National Bank of Hutchinson now owns 7,684 shares of the pipeline company’s stock valued at $483,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $66.96 on Thursday. The stock has a market capitalization of $81.77 billion, a P/E ratio of 34.51, a PEG ratio of 1.53 and a beta of 0.64. The business has a 50 day simple moving average of $60.83 and a two-hundred day simple moving average of $59.96. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $67.01. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.42 and a quick ratio of 0.36.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The firm’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. As a group, analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 13th. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

Analysts Set New Price Targets

WMB has been the topic of several analyst reports. TD Cowen raised their price target on shares of Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Morgan Stanley raised their target price on Williams Companies from $70.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Barclays upped their price target on Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a report on Monday, December 29th. Finally, Zacks Research downgraded Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Three 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 company. According to MarketBeat, Williams Companies currently has an average rating of “Moderate Buy” and an average target price of $68.29.

Insider Buying and Selling 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 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 directly owned 302,645 shares in the company, valued at approximately $18,319,101.85. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate 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.