Amundi Acquires 368,493 Shares of Williams Companies, Inc. (The) $WMB

Amundi increased its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,118,934 shares of the pipeline company’s stock after buying an additional 368,493 shares during the period. Amundi owned 0.75% of Williams Companies worth $539,294,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WMB. Brighton Jones LLC grew its position in shares of Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after purchasing an additional 3,969 shares in the last quarter. Blair William & Co. IL boosted its stake in Williams Companies by 5.9% in the 1st quarter. Blair William & Co. IL now owns 62,610 shares of the pipeline company’s stock worth $3,742,000 after purchasing an additional 3,489 shares during the period. Commonwealth Equity Services LLC grew its holdings in Williams Companies by 4.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 279,355 shares of the pipeline company’s stock valued at $16,694,000 after buying an additional 11,179 shares in the last quarter. Thoroughbred Financial Services LLC increased its position in shares of Williams Companies by 1.8% during the first quarter. Thoroughbred Financial Services LLC now owns 17,902 shares of the pipeline company’s stock valued at $1,069,000 after buying an additional 318 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Williams Companies by 45.0% in the first quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock worth $677,623,000 after buying an additional 3,519,370 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WMB shares. Citigroup boosted their price objective on shares of Williams Companies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Argus reaffirmed a “buy” rating and issued a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. Wall Street Zen lowered Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Wells Fargo & Company boosted their target price on Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, CIBC raised Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target on the stock in a report on Friday, August 15th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.21.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total transaction of $242,120.00. Following the completion of the sale, the senior vice president directly owned 302,645 shares in the company, valued at $18,319,101.85. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by insiders.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $63.63 on Friday. The stock’s 50-day moving average is $60.84 and its 200 day moving average is $59.61. The stock has a market cap of $77.71 billion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 1.65 and a beta of 0.62. Williams Companies, Inc. has a 1-year low of $51.58 and a 1-year high of $65.55. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB) last issued its 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 during the quarter, compared to analysts’ expectations of $2.87 billion. Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 EPS 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. Shareholders of record on Friday, December 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.00 annualized dividend and a yield of 3.1%. Williams Companies’s payout ratio is currently 103.09%.

Williams Companies Company 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.