Federated Hermes Inc. Has $86.69 Million Stock Holdings in Williams Companies, Inc. (The) $WMB

Federated Hermes Inc. boosted its position in Williams Companies, Inc. (The) (NYSE:WMB) by 13.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,380,115 shares of the pipeline company’s stock after purchasing an additional 167,673 shares during the period. Federated Hermes Inc. owned about 0.11% of Williams Companies worth $86,685,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Williams Companies by 1.5% in the second quarter. Vanguard Group Inc. now owns 133,075,340 shares of the pipeline company’s stock valued at $8,358,462,000 after buying an additional 1,912,156 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of 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 worth $1,770,336,000 after acquiring an additional 1,680,477 shares during the last quarter. Northern Trust Corp raised its stake in Williams Companies by 0.4% in the 1st quarter. Northern Trust Corp now owns 15,291,842 shares of the pipeline company’s stock valued at $913,840,000 after acquiring an additional 54,902 shares during the period. Invesco Ltd. raised its stake in Williams Companies by 27.3% in the 2nd quarter. Invesco Ltd. now owns 14,417,821 shares of the pipeline company’s stock valued at $905,583,000 after acquiring an additional 3,089,390 shares during the period. Finally, Norges Bank acquired a new stake in Williams Companies during the 2nd quarter valued at $765,164,000. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on WMB shares. Tudor Pickering upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. The Goldman Sachs Group upped their price target on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price objective for the company in a research report on Friday, August 15th. Finally, Argus restated a “buy” rating and set a $66.00 price objective on shares of Williams Companies in a report on Thursday, August 14th. Three 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.21.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was 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 approximately $18,319,101.85. This represents a 1.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.44% of the stock is owned by corporate insiders.

Williams Companies Price Performance

NYSE:WMB opened at $62.84 on Monday. Williams Companies, Inc. has a 52 week low of $51.58 and a 52 week high of $65.55. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.36 and a current ratio of 0.42. The firm’s 50-day simple moving average is $60.82 and its 200 day simple moving average is $59.65. The firm has a market cap of $76.74 billion, a price-to-earnings ratio of 32.39, a P/E/G ratio of 1.68 and a beta of 0.62.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, sell-side analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is 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.