Williams Companies, Inc. (The) $WMB Shares Sold by Estabrook Capital Management

Estabrook Capital Management reduced its holdings in Williams Companies, Inc. by 3.8% in Q2, selling 6,619 shares. Other hedge funds also adjusted their positions. Analysts have mixed ratings, with a consensus target price of $68.21. Insider SVP Terrance Lane Wilson sold 4,000 shares. WMB stock opened at $60.96 on Friday, with a market cap of $74.44 billion.

Estabrook Capital Management lowered its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 3.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,537 shares of the pipeline company's stock after selling 6,619 shares during the quarter. Williams Companies accounts for 1.6% of Estabrook Capital Management's holdings, making the stock its 17th largest holding. Estabrook Capital Management's holdings in Williams Companies were worth $10,460,000 as of its most recent SEC filing.

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A number of other hedge funds have also modified their holdings of WMB. Stablepoint Partners LLC lifted its position in Williams Companies by 0.7% in the second quarter. Stablepoint Partners LLC now owns 31,902 shares of the pipeline company's stock valued at $2,004,000 after buying an additional 214 shares during the last quarter. Berry Wealth Group LP lifted its holdings in shares of Williams Companies by 11.8% in the 2nd quarter. Berry Wealth Group LP now owns 5,847 shares of the pipeline company's stock worth $367,000 after acquiring an additional 618 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Williams Companies by 113.6% during the 2nd quarter. New York State Common Retirement Fund now owns 1,505,701 shares of the pipeline company's stock worth $94,573,000 after purchasing an additional 800,681 shares during the period. West Family Investments Inc. increased its holdings in Williams Companies by 149.6% in the 2nd quarter. West Family Investments Inc. now owns 9,728 shares of the pipeline company's stock valued at $611,000 after purchasing an additional 5,830 shares during the last quarter. Finally, Williamson Legacy Group LLC raised its position in Williams Companies by 37.9% in the second quarter. Williamson Legacy Group LLC now owns 25,361 shares of the pipeline company's stock valued at $1,593,000 after purchasing an additional 6,964 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research firms have recently commented on WMB. CIBC upgraded Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price target for the company in a research report on Friday, August 15th. TD Cowen raised their target price on Williams Companies from $69.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, November 6th. UBS Group boosted their price target on shares of Williams Companies from $74.00 to $78.00 and gave the stock a "buy" rating in a research note on Tuesday, September 30th. Argus reissued a "buy" rating and issued a $66.00 price objective on shares of Williams Companies in a research note on Thursday, August 14th. Finally, BMO Capital Markets dropped their price objective on shares of Williams Companies from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $68.21.

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Check Out Our Latest Research Report on WMB

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $60.53, for a total value 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 represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.44% of the company's stock.

Williams Companies Stock Performance

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Shares of WMB opened at $60.96 on Friday. Williams Companies, Inc. has a 1 year low of $51.58 and a 1 year high of $65.55. The stock has a market capitalization of $74.44 billion, a PE ratio of 30.63, a PEG ratio of 1.91 and a beta of 0.63. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The stock has a 50-day simple moving average of $60.86 and a 200-day simple moving average of $59.53.

Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.02). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.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 company posted $0.43 earnings per share. The firm's quarterly revenue was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies's payout ratio is 103.09%.

Williams Companies Profile

(Free Report)

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.

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