Quotient Wealth Partners LLC owns $938,000 in shares of The Williams Companies, Inc. (NYSE:WMB)

VaselineOctober 10, 2024

0 4 minutes read

Quotient Wealth Partners LLC reduced its holdings in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 7.8% during the third quarter, HoldingsChannel reports. The fund owned 20,543 shares of the pipeline company’s stock after selling 1,733 shares during the period. Quotient Wealth Partners LLC’s holdings in Williams Companies were worth $938,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Williams Companies in the first quarter worth approximately $27,000. Fairman Group LLC purchased a new position in shares of Williams Companies in the fourth quarter valued at about $31,000. SouthState Corp bought a new stake in Williams Companies in the second quarter valued at about $31,000. GHP Investment Advisors Inc. purchased a new stake in shares of Williams Companies in the second quarter valued at $34,000. Finally, Quarry LP purchased a new stake in Williams Companies during the second quarter valued at about $35,000. Institutional investors own 86.44% of the company’s shares.

Analyst upgrades and downgrades

Several equities research analysts recently commented on the company. Truist Financial upped their target price on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. Royal Bank of Canada upped their target price on shares of Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $58.00 in a report on Friday, October 4th. . Finally, Citigroup boosted their price target on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.08.

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Indoor activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The trade was a 0.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Insiders hold 0.44% of the company’s shares.

Williams Companies Stock Performance

Williams Companies stock traded down $0.02 during mid-day trading on Thursday, reaching $49.56. 1,165,589 shares of the stock exchanged hands, compared to its average volume of 6,266,425. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39, and a current ratio of 0.45. The company has a market cap of $60.40 billion, a P/E ratio of 20.83, a P/E/G ratio of 6.79 and a beta of 1.05. The company has a 50-day simple moving average of $45.14 and a 200-day simple moving average of $42.26. Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $49.94.

Williams Companies (NYSE:WMB – Get Free Report ) last announced its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm posted EPS of $0.42. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.94 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.475 dividend. This represents a dividend of $1.90 on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’ payout ratio is 79.83%.

About the 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 the Transmission and Gulf of Mexico, Northeast G&P, West and Gas & NGL Marketing Services segments. The Transportation and 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.