Nicholas Investment Partners LP lifted its stake in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 61.5% during the 4th quarter, HoldingsChannel reports. The fund owned 123,075 shares of the pipeline company’s stock after buying an additional 46,875 shares during the period. Nicholas Investment Partners LP’s holdings in Williams Companies were worth $7,398,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Williams Companies by 0.7% in the fourth 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 grew 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. Wellington Management Group LLP grew its stake in shares of Williams Companies by 15.9% in the third quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock worth $3,077,942,000 after acquiring an additional 6,668,950 shares during the last quarter. Morgan Stanley grew its stake in shares of Williams Companies by 11.0% in the fourth quarter. Morgan Stanley now owns 33,572,067 shares of the pipeline company’s stock worth $2,018,017,000 after acquiring an additional 3,314,851 shares during the last quarter. Finally, Clearbridge Investments LLC grew 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 acquiring an additional 3,748,126 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. TD Cowen raised their price objective on shares of Williams Companies from $81.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Truist Financial assumed coverage on shares of Williams Companies in a research note on Tuesday, March 24th. They issued a “buy” rating and a $84.00 price objective on the stock. Scotiabank raised their price objective 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. The Goldman Sachs Group upgraded shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Monday, April 20th. Finally, Wolfe Research upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $82.40.
Insider Buying and Selling
In other Williams Companies news, SVP Glen G. Jasek sold 2,500 shares of Williams Companies stock in a transaction on Friday, May 15th. The stock was sold at an average price of $78.15, for a total transaction of $195,375.00. Following the completion of the transaction, the senior vice president directly owned 54,101 shares of the company’s stock, valued at approximately $4,227,993.15. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Dean Porter sold 50,000 shares of Williams Companies stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total value of $3,768,500.00. Following the transaction, the chief financial officer directly owned 196,567 shares of the company’s stock, valued at approximately $14,815,254.79. The trade was a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 68,500 shares of company stock valued at $5,177,835 in the last ninety days. Insiders own 0.47% of the company’s stock.
Williams Companies Stock Up 0.4%
WMB opened at $71.92 on Friday. Williams Companies, Inc. has a fifty-two week low of $55.82 and a fifty-two week high of $80.07. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.76. The firm’s fifty day moving average price is $73.44 and its two-hundred day moving average price is $68.85. The company has a market capitalization of $87.86 billion, a P/E ratio of 31.54, a P/E/G ratio of 1.76 and a beta of 0.58.
Williams Companies (NYSE:WMB – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.28 billion. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, analysts anticipate that Williams Companies, Inc. will post 2.44 EPS for the current year.
Williams Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. Williams Companies’s dividend payout ratio (DPR) is presently 92.11%.
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.
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