Equity Investment Corp Lowers Stock Holdings in Williams Companies, Inc. (The) $WMB

Equity Investment Corp trimmed its position in shares of Williams Companies, Inc. (The) (NYSE:WMBFree Report) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,027,467 shares of the pipeline company’s stock after selling 14,661 shares during the period. Equity Investment Corp’s holdings in Williams Companies were worth $61,761,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WMB. Norges Bank purchased a new position in Williams Companies during the 4th quarter valued at about $747,749,000. BROOKFIELD Corp ON boosted 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 valued at $755,490,000 after acquiring an additional 7,884,730 shares during the period. Wellington Management Group LLP boosted its holdings in Williams Companies by 15.9% during 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 acquiring an additional 6,668,950 shares during the period. Clearbridge Investments LLC boosted its holdings in Williams Companies by 21.3% during the 4th quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company’s stock valued at $1,281,875,000 after acquiring an additional 3,748,126 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Williams Companies by 4,992.2% during the 4th quarter. SG Americas Securities LLC now owns 3,704,739 shares of the pipeline company’s stock valued at $222,692,000 after acquiring an additional 3,631,986 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Price Performance

Shares of NYSE WMB opened at $71.66 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83. Williams Companies, Inc. has a fifty-two week low of $55.82 and a fifty-two week high of $80.07. The firm has a market capitalization of $87.54 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 1.76 and a beta of 0.58. The stock’s 50-day simple moving average is $73.43 and its 200-day simple moving average is $68.83.

Williams Companies (NYSE:WMBGet Free Report) last issued its earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, topping 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 business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the company earned $0.60 EPS. The business’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. As a group, equities research analysts forecast that Williams Companies, Inc. will post 2.44 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, June 12th. Williams Companies’s dividend payout ratio (DPR) is 92.11%.

Insiders Place Their Bets

In other news, COO Larry C. Larsen sold 12,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was 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 of the company’s stock, valued at approximately $7,511,789.12. This trade represents a 10.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Glen G. Jasek sold 2,500 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $78.15, for a total value of $195,375.00. Following the sale, the senior vice president directly owned 54,101 shares in the company, valued at $4,227,993.15. This trade represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 68,500 shares of company stock worth $5,177,835 over the last 90 days. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

WMB has been the subject of a number of research analyst reports. Jefferies Financial Group raised their target price on Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a report on Friday, April 10th. Wolfe Research upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. The Goldman Sachs Group upgraded Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Monday, April 20th. TD Cowen lifted their price objective on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce lifted 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. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $82.40.

View Our Latest Research Report on WMB

Williams Companies Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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