The Williams Companies, Inc. (NYSE:WMB) Shares Sold by IFP Advisors Inc

Posted by Defense World Staff on Jul 3rd, 2023

IFP Advisors Inc trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 54.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,362 shares of the pipeline company’s stock after selling 29,497 shares during the quarter. IFP Advisors Inc’s holdings in Williams Companies were worth $650,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC grew its position in Williams Companies by 96,588.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 63,423,739 shares of the pipeline company’s stock valued at $2,086,641,000 after buying an additional 63,358,143 shares during the last quarter. Norges Bank purchased a new position in Williams Companies in the 4th quarter valued at $292,176,000. Royal Bank of Canada grew its position in Williams Companies by 85.8% in the 1st quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock valued at $546,327,000 after buying an additional 7,551,749 shares during the last quarter. Deutsche Bank AG grew its position in Williams Companies by 15.2% in the 4th quarter. Deutsche Bank AG now owns 31,131,423 shares of the pipeline company’s stock valued at $1,024,224,000 after buying an additional 4,112,024 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Williams Companies by 200.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,286,535 shares of the pipeline company’s stock valued at $164,993,000 after buying an additional 3,525,097 shares during the last quarter. 84.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WMB shares. Morgan Stanley lowered their price objective on shares of Williams Companies from $41.00 to $39.00 in a research report on Tuesday, April 25th. Scotiabank restated a “sector perform” rating and set a $35.00 target price on shares of Williams Companies in a research report on Friday, April 14th. StockNews.com assumed coverage on shares of Williams Companies in a research report on Thursday, May 18th. They set a “hold” rating on the stock. JPMorgan Chase & Co. decreased their target price on shares of Williams Companies from $36.00 to $35.00 in a research report on Tuesday, April 18th. Finally, Citigroup upgraded shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Williams Companies has a consensus rating of “Hold” and an average price target of $35.42.

Insider Activity

In other news, SVP Scott A. Hallam sold 7,194 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $31.00, for a total transaction of $223,014.00. Following the completion of the transaction, the senior vice president now owns 241,360 shares of the company’s stock, valued at approximately $7,482,160. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Scott A. Hallam sold 14,388 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $30.64, for a total transaction of $440,848.32. Following the completion of the sale, the senior vice president now owns 248,554 shares in the company, valued at approximately $7,615,694.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott A. Hallam sold 7,194 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $31.00, for a total value of $223,014.00. Following the sale, the senior vice president now owns 241,360 shares of the company’s stock, valued at approximately $7,482,160. The disclosure for this sale can be found here. Insiders sold a total of 28,776 shares of company stock valued at $894,070 in the last 90 days. 0.44% of the stock is currently owned by insiders.

Williams Companies Trading Up 0.3 %

Shares of WMB stock opened at $32.63 on Monday. The firm has a 50-day moving average price of $29.99 and a 200 day moving average price of $30.68. The Williams Companies, Inc. has a twelve month low of $27.80 and a twelve month high of $35.79. The company has a market capitalization of $39.75 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 4.69 and a beta of 1.18. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.59.

Williams Companies (NYSE:WMB – Free Report) last announced its earnings results on Wednesday, May 3rd. The pipeline company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.10. Williams Companies had a net margin of 22.53% and a return on equity of 17.24%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Research analysts forecast that The Williams Companies, Inc. will post 1.99 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Monday, June 12th were paid a dividend of $0.4475 per share. This represents a $1.79 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend was Friday, June 9th. Williams Companies’s dividend payout ratio is currently 84.04%.

About Williams Companies

(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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.