Holocene Advisors LP raised its stake in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 836,154 shares of the pipeline company’s stock after acquiring an additional 16,494 shares during the period. Holocene Advisors LP’s holdings in Williams Companies were worth $52,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in WMB. Vanguard Group Inc. increased its position in shares of Williams Companies by 1.5% during the second quarter. Vanguard Group Inc. now owns 133,075,340 shares of the pipeline company’s stock worth $8,358,462,000 after purchasing an additional 1,912,156 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Williams Companies by 15.9% in the 3rd quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock valued at $3,077,942,000 after purchasing an additional 6,668,950 shares during the period. Invesco Ltd. grew its stake in Williams Companies by 1.1% during the 3rd quarter. Invesco Ltd. now owns 14,575,898 shares of the pipeline company’s stock worth $923,383,000 after buying an additional 158,077 shares during the last quarter. Norges Bank purchased a new position in Williams Companies during the 2nd quarter worth approximately $765,164,000. Finally, BROOKFIELD Corp ON increased its position in Williams Companies by 190.3% during the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock worth $755,490,000 after buying an additional 7,884,730 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on WMB. Citigroup boosted their price objective on Williams Companies from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Zacks Research raised shares of Williams Companies from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Scotiabank upgraded shares of Williams Companies from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $66.00 to $84.00 in a research report on Friday, February 13th. Tudor Pickering upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Finally, UBS Group lifted their price objective on shares of Williams Companies from $78.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Williams Companies currently has an average rating of “Moderate Buy” and an average price target of $76.50.
Insider Transactions at Williams Companies
In other news, SVP Todd J. Rinke sold 7,364 shares of Williams Companies stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $74.39, for a total value of $547,807.96. Following the sale, the senior vice president owned 26,055 shares of the company’s stock, valued at $1,938,231.45. The trade was a 22.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $75.24, for a total transaction of $150,480.00. Following the transaction, the senior vice president owned 291,159 shares in the company, valued at approximately $21,906,803.16. This trade represents a 0.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 48,471 shares of company stock worth $3,557,023. Company insiders own 0.44% of the company’s stock.
Williams Companies Trading Up 0.7%
NYSE:WMB opened at $73.88 on Tuesday. The firm has a market cap of $90.25 billion, a P/E ratio of 34.53, a PEG ratio of 1.26 and a beta of 0.63. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83. The stock’s 50 day simple moving average is $68.54 and its 200-day simple moving average is $63.17. Williams Companies, Inc. has a 12-month low of $51.58 and a 12-month high of $76.87.
Williams Companies (NYSE:WMB – Get Free Report) last issued its quarterly 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 return on equity of 17.32% and a net margin of 21.90%.The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the business earned $0.47 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Equities analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.
Williams Companies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be paid a $0.525 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 13th. This represents a $2.10 annualized dividend and a dividend yield of 2.8%. Williams Companies’s dividend payout ratio (DPR) 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.
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