Miller Howard Investments Inc. NY lifted its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 946,256 shares of the pipeline company’s stock after acquiring an additional 40,322 shares during the period. Williams Companies accounts for about 1.7% of Miller Howard Investments Inc. NY’s investment portfolio, making the stock its 15th largest position. Miller Howard Investments Inc. NY’s holdings in Williams Companies were worth $64,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Bank of America Corp DE acquired a new position in Williams Companies during the second quarter worth approximately $3,320,606,000. Wellington Management Group LLP boosted its holdings in shares of Williams Companies by 43.4% in the 2nd quarter. Wellington Management Group LLP now owns 33,097,208 shares of the pipeline company’s stock valued at $2,460,446,000 after purchasing an additional 10,013,946 shares during the last quarter. Amundi boosted its holdings in shares of Williams Companies by 20.9% in the 1st quarter. Amundi now owns 11,710,478 shares of the pipeline company’s stock valued at $852,289,000 after purchasing an additional 2,020,899 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of Williams Companies during the 2nd quarter valued at $596,077,000. Finally, Kayne Anderson Capital Advisors LP purchased a new stake in shares of Williams Companies during the 2nd quarter valued at $500,305,000. 86.44% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, SVP Terrance Wilson sold 2,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $67.85, for a total value of $135,700.00. Following the completion of the sale, the senior vice president directly owned 262,259 shares in the company, valued at approximately $17,794,273.15. This represents a 0.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 19,000 shares of company stock worth $1,401,430. 0.47% of the stock is currently owned by corporate insiders.
Williams Companies Price Performance
WMB opened at $71.75 on Tuesday. Williams Companies, Inc. has a 52-week low of $56.19 and a 52-week high of $80.07. The company has a 50 day moving average of $72.20 and a two-hundred day moving average of $71.94. The company has a market cap of $87.77 billion, a P/E ratio of 28.59, a P/E/G ratio of 1.51 and a beta of 0.64. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83.
Williams Companies (NYSE:WMB – Get Free Report) last issued its earnings results on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm posted $0.46 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, analysts expect that Williams Companies, Inc. will post 2.42 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have recently commented on WMB. Canadian Imperial Bank of Commerce dropped their price objective on Williams Companies from $85.00 to $82.00 and set an “outperformer” rating for the company in a report on Thursday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $82.00 target price on shares of Williams Companies in a report on Tuesday, July 14th. UBS Group reissued a “buy” rating on shares of Williams Companies in a research report on Tuesday, July 14th. Jefferies Financial Group dropped their price target on Williams Companies from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Finally, Truist Financial upped their price target on Williams Companies from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $86.06.
View Our Latest Stock Report on Williams Companies
Williams Companies Company Profile
The Williams Companies, Inc is an energy infrastructure company headquartered in Tulsa, Oklahoma. Founded in 1908 as Williams Brothers, the company has evolved from an early pipeline contractor into a major operator of natural gas infrastructure in the United States.
Williams primarily gathers, processes, transports and stores natural gas and natural gas liquids. Its assets include interstate and regional pipelines, gas processing and fractionation facilities, storage operations, and gathering systems that connect producers with utilities, industrial customers, power generators and other energy markets.
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