DNB Asset Management AS Boosts Stake in Williams Companies, Inc. (The) $WMB

DNB Asset Management AS raised its position in Williams Companies, Inc. (The) (NYSE:WMB) by 62.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 382,144 shares of the pipeline company’s stock after purchasing an additional 146,855 shares during the quarter. DNB Asset Management AS’s holdings in Williams Companies were worth $24,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WMB. Flaharty Asset Management LLC acquired a new position in Williams Companies during the 1st quarter worth about $25,000. Saudi Central Bank acquired a new stake in shares of Williams Companies during the first quarter worth about $29,000. Private Wealth Management Group LLC boosted its stake in shares of Williams Companies by 104.8% in the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 240 shares during the period. Hartford Funds Management Co LLC purchased a new position in shares of Williams Companies in the second quarter valued at approximately $29,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Williams Companies in the second quarter valued at approximately $32,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Argus reiterated a “buy” rating and set a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. UBS Group increased their price objective on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Jefferies Financial Group decreased their target price on Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. TD Cowen upped their price target on Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, BMO Capital Markets reduced their price target on Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.21.

Williams Companies Price Performance

WMB stock opened at $59.64 on Friday. The business has a 50 day moving average price of $60.77 and a 200 day moving average price of $59.44. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The stock has a market cap of $72.83 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 1.91 and a beta of 0.63. Williams Companies, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $65.55.

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

Williams Companies Announces Dividend

The business 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 $0.50 dividend. The ex-dividend date of this dividend 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%.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was 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 of the company’s stock, valued at approximately $18,319,101.85. This trade represents a 1.30% decrease in their ownership of the stock. 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.

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.