iA Global Asset Management Inc. Decreases Stake in Williams Companies, Inc. (The) $WMB

iA Global Asset Management Inc. lessened its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 92.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,690 shares of the pipeline company’s stock after selling 47,030 shares during the quarter. iA Global Asset Management Inc.’s holdings in Williams Companies were worth $234,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Williams Companies by 1.5% in the second quarter. Vanguard Group Inc. now owns 133,075,340 shares of the pipeline company’s stock worth $8,358,462,000 after purchasing an additional 1,912,156 shares in the last quarter. Invesco Ltd. grew its position in Williams Companies by 27.3% in the 2nd quarter. Invesco Ltd. now owns 14,417,821 shares of the pipeline company’s stock worth $905,583,000 after purchasing an additional 3,089,390 shares during the last quarter. Norges Bank acquired a new stake in Williams Companies in the 2nd quarter valued at approximately $765,164,000. BROOKFIELD Corp ON increased its holdings in shares of Williams Companies by 190.3% during the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock valued at $755,490,000 after purchasing an additional 7,884,730 shares during the period. Finally, Legal & General Group Plc increased its stake in Williams Companies by 9.9% during the 2nd quarter. Legal & General Group Plc now owns 10,056,234 shares of the pipeline company’s stock valued at $631,632,000 after buying an additional 903,457 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $61.90, for a total value of $123,800.00. Following the transaction, the senior vice president owned 297,545 shares in the company, valued at $18,418,035.50. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup upped their target price on Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a report on Monday, December 29th. Wall Street Zen cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Mizuho upgraded shares of Williams Companies to a “strong-buy” rating in a research report on Monday, October 27th. Finally, Morgan Stanley lifted their price objective on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.29.

Williams Companies Price Performance

Shares of WMB opened at $64.97 on Monday. The business’s 50-day moving average is $60.46 and its 200-day moving average is $59.81. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.42 and a quick ratio of 0.36. The company has a market capitalization of $79.35 billion, a price-to-earnings ratio of 33.49, a P/E/G ratio of 1.51 and a beta of 0.64. 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 posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.87 billion. Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

Williams Companies Company Profile

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.