Bank of Nova Scotia Sells 171,637 Shares of Williams Companies, Inc. (The) $WMB

Bank of Nova Scotia reduced its position in Williams Companies, Inc. (The) (NYSE:WMB) by 23.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 576,024 shares of the pipeline company’s stock after selling 171,637 shares during the period. Bank of Nova Scotia’s holdings in Williams Companies were worth $36,180,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Diversified Trust Co raised its stake in Williams Companies by 28.5% in the second quarter. Diversified Trust Co now owns 46,549 shares of the pipeline company’s stock valued at $2,924,000 after buying an additional 10,317 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Williams Companies by 362.5% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company’s stock worth $87,608,000 after acquiring an additional 1,149,045 shares during the last quarter. Seven Post Investment Office LP acquired a new position in shares of Williams Companies during the second quarter valued at about $3,879,000. ORG Partners LLC raised its position in shares of Williams Companies by 153.4% in the 2nd quarter. ORG Partners LLC now owns 831 shares of the pipeline company’s stock valued at $49,000 after purchasing an additional 503 shares during the last quarter. Finally, Adams Natural Resources Fund Inc. boosted its stake in Williams Companies by 1,238.3% in the 2nd quarter. Adams Natural Resources Fund Inc. now owns 365,350 shares of the pipeline company’s stock worth $22,948,000 after purchasing an additional 338,050 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Insiders Place Their Bets

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 value of $242,120.00. Following the completion of the transaction, the senior vice president owned 302,645 shares in the company, valued at approximately $18,319,101.85. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 1.4%

Shares of WMB stock opened at $61.92 on Tuesday. Williams Companies, Inc. has a twelve month low of $51.58 and a twelve month high of $65.55. The stock has a market cap of $75.62 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.68 and a beta of 0.62. The stock has a 50 day moving average of $60.78 and a 200 day moving average of $59.68. 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 released 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). The company 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 company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, sell-side analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The company 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 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMB. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price target on the stock in a research note on Friday, August 15th. Citigroup upped their target price on Williams Companies from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. UBS Group raised their target price on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a research note on Monday, December 1st. Finally, BMO Capital Markets reduced their price objective on Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Williams Companies has a consensus rating of “Moderate Buy” and a consensus price target of $68.21.

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.