Caitong International Asset Management Co. Ltd Has $693,000 Stock Position in Williams Companies, Inc. (The) $WMB

Caitong International Asset Management Co. Ltd lifted its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 71,561.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 9,316 shares of the pipeline company’s stock after purchasing an additional 9,303 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Williams Companies were worth $693,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in Williams Companies in the 4th quarter valued at about $747,749,000. BROOKFIELD Corp ON increased its holdings in Williams Companies by 190.3% during the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock worth $755,490,000 after purchasing an additional 7,884,730 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Williams Companies during the 2nd quarter worth approximately $354,184,000. Clearbridge Investments LLC raised its stake in shares of Williams Companies by 21.3% in the fourth quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company’s stock worth $1,281,875,000 after purchasing an additional 3,748,126 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Williams Companies by 295.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,446,915 shares of the pipeline company’s stock worth $268,723,000 after purchasing an additional 3,323,012 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $70.65, for a total transaction of $141,300.00. Following the completion of the transaction, the senior vice president directly owned 281,159 shares of the company’s stock, valued at $19,863,883.35. This represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.

Williams Companies Stock Up 2.7%

Shares of NYSE:WMB opened at $75.04 on Friday. Williams Companies, Inc. has a 1 year low of $55.82 and a 1 year high of $80.07. The company has a market capitalization of $91.79 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.77 and a beta of 0.58. The business has a fifty day moving average price of $73.27 and a two-hundred day moving average price of $72.90. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Analysts forecast that Williams Companies, Inc. will post 2.43 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, September 11th. Williams Companies’s payout ratio is presently 83.67%.

Analysts Set New Price Targets

WMB has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a report on Wednesday, June 24th. Stifel Nicolaus increased their price target on Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Canadian Imperial Bank of Commerce raised their price objective on Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a research note on Tuesday, May 26th. Finally, Truist Financial lifted their price objective on shares of Williams Companies from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $85.33.

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.