BROOKFIELD Corp ON Has $377.57 Million Stock Holdings in Williams Companies, Inc. (The) $WMB

BROOKFIELD Corp ON cut its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 14.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,187,832 shares of the pipeline company’s stock after selling 877,208 shares during the quarter. Williams Companies comprises 0.5% of BROOKFIELD Corp ON’s holdings, making the stock its 7th largest holding. BROOKFIELD Corp ON’s holdings in Williams Companies were worth $377,570,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WMB. Towne Trust Company N.A raised its position in shares of Williams Companies by 60.2% in the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 162 shares in the last quarter. Main Street Group LTD purchased a new position in shares of Williams Companies in the 1st quarter valued at approximately $26,000. Motiv8 Investments LLC bought a new stake in shares of Williams Companies during the fourth quarter valued at approximately $27,000. Clearstead Trust LLC boosted its position in shares of Williams Companies by 62.2% during the fourth quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 186 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in Williams Companies in the fourth quarter worth $29,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Down 0.1%

Shares of NYSE:WMB opened at $73.96 on Monday. The stock has a fifty day simple moving average of $74.19 and a two-hundred day simple moving average of $71.88. The stock has a market capitalization of $90.34 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 1.73 and a beta of 0.57. Williams Companies, Inc. has a 12-month low of $55.82 and a 12-month high of $80.07. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, May 4th. The pipeline company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, research analysts anticipate that Williams Companies, Inc. will post 2.45 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 12th. Williams Companies’s dividend payout ratio is 92.11%.

Insider Activity

In other news, COO Larry C. Larsen sold 12,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $76.48, for a total transaction of $917,760.00. Following the sale, the chief operating officer owned 98,219 shares in the company, valued at $7,511,789.12. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $74.16, for a total transaction of $148,320.00. Following the sale, the senior vice president directly owned 283,159 shares of the company’s stock, valued at $20,999,071.44. This trade represents a 0.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 68,500 shares of company stock valued at $5,182,655. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WMB shares. Canadian Imperial Bank of Commerce increased their price objective on Williams Companies from $83.00 to $85.00 and gave the stock an “outperformer” rating in a report on Tuesday, May 26th. Barclays boosted their target price on shares of Williams Companies from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Citigroup upped their target price on shares of Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Scotiabank increased their price target on shares of Williams Companies from $85.00 to $86.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, May 12th. Finally, Jefferies Financial Group lowered their price target on shares of Williams Companies from $87.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $83.56.

Williams Companies Company 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.