MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 13,325 Shares of Williams Companies, Inc. (The) $WMB

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,425,255 shares of the pipeline company’s stock after selling 13,325 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Williams Companies were worth $280,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Moore Capital Management LP acquired a new stake in shares of Williams Companies in the third quarter valued at approximately $7,310,000. L2 Asset Management LLC lifted its holdings in Williams Companies by 23.2% during the 3rd quarter. L2 Asset Management LLC now owns 6,720 shares of the pipeline company’s stock worth $426,000 after buying an additional 1,266 shares in the last quarter. Larson Financial Group LLC boosted its position in Williams Companies by 3.9% in the 3rd quarter. Larson Financial Group LLC now owns 113,611 shares of the pipeline company’s stock valued at $7,197,000 after buying an additional 4,291 shares during the last quarter. Lido Advisors LLC boosted its position in Williams Companies by 16.0% in the 3rd quarter. Lido Advisors LLC now owns 44,987 shares of the pipeline company’s stock valued at $2,850,000 after buying an additional 6,195 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in shares of Williams Companies in the 3rd quarter valued at $129,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WMB. Royal Bank Of Canada boosted their target price on Williams Companies from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Wells Fargo & Company raised their price target on Williams Companies from $80.00 to $89.00 and gave the company an “overweight” rating in a report on Friday. Scotiabank upgraded Williams Companies from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $66.00 to $84.00 in a research report on Friday, February 13th. Jefferies Financial Group boosted their price objective on Williams Companies from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, Morgan Stanley upped their target price on shares of Williams Companies from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Williams Companies has an average rating of “Moderate Buy” and a consensus price target of $76.50.

Insider Buying and Selling

In related news, SVP Todd J. Rinke sold 7,364 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $74.39, for a total transaction of $547,807.96. Following the completion of the transaction, the senior vice president owned 26,055 shares in the company, valued at approximately $1,938,231.45. The trade was a 22.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 27,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $72.92, for a total transaction of $1,968,840.00. Following the completion of the sale, the senior vice president directly owned 293,159 shares of the company’s stock, valued at $21,377,154.28. The trade was a 8.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,471 shares of company stock valued at $3,557,023 in the last 90 days. 0.44% of the stock is owned by insiders.

Williams Companies Stock Up 0.7%

Shares of Williams Companies stock opened at $73.88 on Tuesday. The business has a fifty day simple moving average of $68.54 and a 200 day simple moving average of $63.17. The stock has a market cap of $90.25 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 1.26 and a beta of 0.63. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 1.83. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $76.87.

Williams Companies (NYSE:WMB) last released its earnings results on Tuesday, February 10th. The pipeline company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). Williams Companies had a net margin of 21.90% and a return on equity of 17.32%. The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the company posted $0.47 EPS. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Research analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be given a $0.525 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.50. Williams Companies’s dividend payout ratio is 98.13%.

Williams Companies Profile

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.