Russell Investments Group Ltd. Has $73.60 Million Stock Holdings in Williams Companies, Inc. (The) $WMB

Russell Investments Group Ltd. reduced its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,171,908 shares of the pipeline company’s stock after selling 7,877 shares during the period. Russell Investments Group Ltd. owned 0.10% of Williams Companies worth $73,600,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. J.W. Cole Advisors Inc. increased its position in Williams Companies by 33.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 46,698 shares of the pipeline company’s stock valued at $2,933,000 after buying an additional 11,786 shares in the last quarter. FourThought Financial Partners LLC boosted its holdings in Williams Companies by 7.2% in the second quarter. FourThought Financial Partners LLC now owns 44,883 shares of the pipeline company’s stock worth $2,819,000 after acquiring an additional 3,029 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Williams Companies by 5.9% in the second quarter. Advisors Asset Management Inc. now owns 96,212 shares of the pipeline company’s stock valued at $6,043,000 after acquiring an additional 5,390 shares during the period. Laurel Wealth Advisors LLC increased its holdings in shares of Williams Companies by 6,181.0% during the second quarter. Laurel Wealth Advisors LLC now owns 136,801 shares of the pipeline company’s stock valued at $8,592,000 after acquiring an additional 134,623 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its position in shares of Williams Companies by 123.1% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 30,726 shares of the pipeline company’s stock worth $1,930,000 after purchasing an additional 16,954 shares during the period. Institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $60.53, for a total value of $242,120.00. Following the transaction, the senior vice president owned 302,645 shares of the company’s stock, valued at approximately $18,319,101.85. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. UBS Group lifted their price objective on shares of Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Morgan Stanley upped their target price on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Cibc World Mkts raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.21.

Williams Companies Stock Up 1.5%

WMB opened at $60.25 on Thursday. Williams Companies, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $65.55. The firm has a market capitalization of $73.58 billion, a P/E ratio of 30.28, a PEG ratio of 1.91 and a beta of 0.63. The company’s 50-day moving average is $60.84 and its 200 day moving average is $59.48. 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 (NYSE:WMB) last posted its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the business posted $0.43 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Research analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is presently 103.09%.

Williams Companies Profile

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.