Foundations Investment Advisors LLC Buys 49,560 Shares of Williams Companies, Inc. (The) $WMB

by · The Cerbat Gem

Foundations Investment Advisors LLC increased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 24.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,467 shares of the pipeline company’s stock after buying an additional 49,560 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Williams Companies were worth $15,606,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WMB. Chapin Davis Inc. grew its holdings in shares of Williams Companies by 1.6% in the 2nd quarter. Chapin Davis Inc. now owns 10,955 shares of the pipeline company’s stock worth $688,000 after purchasing an additional 170 shares during the last quarter. Wallace Advisory Group LLC raised its stake in shares of Williams Companies by 2.6% in the second quarter. Wallace Advisory Group LLC now owns 7,031 shares of the pipeline company’s stock valued at $420,000 after acquiring an additional 176 shares during the last quarter. Whittier Trust Co. grew its position in Williams Companies by 2.2% during the 2nd quarter. Whittier Trust Co. now owns 8,177 shares of the pipeline company’s stock worth $514,000 after acquiring an additional 179 shares during the last quarter. TrueWealth Advisors LLC increased its holdings in Williams Companies by 0.7% during the 2nd quarter. TrueWealth Advisors LLC now owns 24,823 shares of the pipeline company’s stock valued at $1,559,000 after purchasing an additional 182 shares in the last quarter. Finally, Chesley Taft & Associates LLC raised its position in Williams Companies by 1.8% in the 2nd quarter. Chesley Taft & Associates LLC now owns 10,221 shares of the pipeline company’s stock valued at $642,000 after purchasing an additional 184 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $60.93 on Friday. Williams Companies, Inc. has a 52 week low of $51.58 and a 52 week high of $65.55. 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 market capitalization of $74.41 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 1.91 and a beta of 0.63. The firm has a fifty day moving average of $60.67 and a two-hundred day moving average of $59.45.

Williams Companies (NYSE:WMB – Get Free Report) last released its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The company’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, equities research analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 annualized dividend and a yield of 3.3%. Williams Companies’s dividend payout ratio (DPR) is presently 103.09%.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the sale, the senior vice president owned 302,645 shares of the company’s stock, valued at approximately $18,319,101.85. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Morgan Stanley increased their target price on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. UBS Group increased their price objective on shares of Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Citigroup boosted their target price on shares of Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on shares of Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Finally, Mizuho raised shares of Williams Companies to a “strong-buy” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $68.21.

Read Our Latest Report on WMB

Williams Companies Company 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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