Nomura Asset Management Co. Ltd. Has $30.17 Million Stock Holdings in Williams Companies, Inc. (The) $WMB

Nomura Asset Management Co. Ltd. lifted its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 19.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 480,309 shares of the pipeline company’s stock after purchasing an additional 79,100 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Williams Companies were worth $30,168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Nuveen LLC acquired a new position in shares of Williams Companies in the first quarter worth about $335,419,000. Goldman Sachs Group Inc. lifted its position in shares of Williams Companies by 45.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock valued at $677,623,000 after acquiring an additional 3,519,370 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in Williams Companies by 34.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company’s stock worth $674,566,000 after purchasing an additional 2,861,988 shares during the period. Voya Investment Management LLC grew its position in Williams Companies by 275.7% during the 1st quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company’s stock worth $155,933,000 after purchasing an additional 1,914,730 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Williams Companies by 6.0% during the 1st quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company’s stock valued at $1,770,336,000 after purchasing an additional 1,680,477 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Cibc World Mkts raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Morgan Stanley increased their price objective on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Wells Fargo & Company raised their price objective on Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Argus reaffirmed a “buy” rating and set a $66.00 target price on shares of Williams Companies in a research note on Thursday, August 14th. Finally, TD Cowen upped their target price on Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.21.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 4,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total transaction of $242,120.00. Following the transaction, the senior vice president owned 302,645 shares in the company, valued at $18,319,101.85. This represents a 1.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $59.17 on Wednesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. Williams Companies, Inc. has a one year low of $51.58 and a one year high of $65.55. The business’s 50-day moving average price is $60.76 and its two-hundred day moving average price is $59.45. The company has a market capitalization of $72.25 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.02). The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.87 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 12th will be paid a $0.50 dividend. The ex-dividend date is Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Williams Companies’s payout ratio is 103.09%.

About Williams Companies

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.