Dimensional Fund Advisors LP cut its holdings in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,555,932 shares of the pipeline company’s stock after selling 982,745 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Williams Companies were worth $622,698,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Williams Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 133,963,343 shares of the pipeline company’s stock worth $8,052,537,000 after acquiring an additional 883,245 shares during the last quarter. State Street Corp raised its stake in shares of Williams Companies by 1.9% in the fourth quarter. State Street Corp now owns 67,981,106 shares of the pipeline company’s stock worth $4,086,344,000 after acquiring an additional 1,296,991 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Williams Companies by 4.8% during the fourth quarter. Bank of America Corp DE now owns 46,053,873 shares of the pipeline company’s stock worth $2,768,298,000 after purchasing an additional 2,100,164 shares in the last quarter. Morgan Stanley lifted its position in shares of Williams Companies by 11.0% during the fourth quarter. Morgan Stanley now owns 33,572,067 shares of the pipeline company’s stock worth $2,018,017,000 after purchasing an additional 3,314,851 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Williams Companies by 21.3% during the fourth quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company’s stock valued at $1,281,875,000 after purchasing an additional 3,748,126 shares during the last quarter. 86.44% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on WMB shares. 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 report on Wednesday, July 1st. Wall Street Zen upgraded Williams Companies from a “sell” rating to a “hold” rating in a research report on Saturday. Truist Financial started coverage on Williams Companies in a research note on Tuesday, March 24th. They issued a “buy” rating and a $84.00 target price for the company. JPMorgan Chase & Co. boosted their target price on Williams Companies from $88.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Finally, UBS Group reaffirmed a “buy” rating on shares of Williams Companies in a research note on Tuesday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $83.56.
Insider Activity
In related news, SVP Glen G. Jasek sold 2,500 shares of Williams Companies stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $78.15, for a total transaction of $195,375.00. Following the transaction, the senior vice president owned 54,101 shares of the company’s stock, valued at $4,227,993.15. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’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 transaction, the senior vice president owned 283,159 shares of the company’s stock, valued at approximately $20,999,071.44. This represents a 0.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 68,500 shares of company stock worth $5,182,655 over the last quarter. 0.47% of the stock is owned by insiders.
Williams Companies Stock Down 0.0%
Shares of Williams Companies stock opened at $73.34 on Monday. The business has a fifty day simple moving average of $74.37 and a 200 day simple moving average of $71.40. The stock has a market cap of $89.60 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 1.80 and a beta of 0.57. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99. Williams Companies, Inc. has a 12 month low of $55.82 and a 12 month high of $80.07.
Williams Companies (NYSE:WMB – Get Free Report) last released its earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.28 billion. During the same quarter 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. Research analysts predict that Williams Companies, Inc. will post 2.43 EPS for the current year.
Williams Companies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, June 12th. Williams Companies’s dividend payout ratio (DPR) is currently 92.11%.
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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