Williams Companies, Inc. (The) $WMB Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lessened its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 80,791 shares of the pipeline company’s stock after selling 13,941 shares during the quarter. CoreCap Advisors LLC’s holdings in Williams Companies were worth $4,856,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Williams Companies during the 2nd quarter valued at about $765,164,000. BROOKFIELD Corp ON raised its stake in Williams Companies by 190.3% during the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock worth $755,490,000 after purchasing an additional 7,884,730 shares during the period. Wellington Management Group LLP raised its stake in Williams Companies by 15.9% during the third quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock worth $3,077,942,000 after purchasing an additional 6,668,950 shares during the period. SG Americas Securities LLC boosted its holdings in Williams Companies by 4,992.2% in the 4th quarter. SG Americas Securities LLC now owns 3,704,739 shares of the pipeline company’s stock valued at $222,692,000 after purchasing an additional 3,631,986 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of 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 buying an additional 3,089,390 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Williams Companies from $80.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Truist Financial started coverage on Williams Companies in a research note on Tuesday. They issued a “buy” rating and a $84.00 price target on the stock. Zacks Research upgraded Williams Companies from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Scotiabank upgraded shares of Williams Companies from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $66.00 to $84.00 in a report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Insider Buying and Selling

In other news, SVP Todd J. Rinke sold 7,364 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $74.39, for a total transaction of $547,807.96. Following the completion of the transaction, the senior vice president directly owned 26,055 shares of the company’s stock, valued at approximately $1,938,231.45. The trade was a 22.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Payvand Fazel sold 2,898 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $73.15, for a total transaction of $211,988.70. Following the completion of the sale, the senior vice president directly owned 31,766 shares in the company, valued at approximately $2,323,682.90. This trade represents a 8.36% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 51,369 shares of company stock valued at $3,769,012. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Down 0.7%

Shares of NYSE:WMB opened at $73.57 on Friday. The firm has a market capitalization of $89.87 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 1.27 and a beta of 0.63. Williams Companies, Inc. has a 1 year low of $51.58 and a 1 year high of $76.87. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.53 and a quick ratio of 0.48. The firm’s 50-day moving average is $70.92 and its two-hundred day moving average is $64.10.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Tuesday, February 10th. The pipeline company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). Williams Companies had a net margin of 21.90% and a return on equity of 17.32%. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the business posted $0.47 EPS. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be paid a $0.525 dividend. The ex-dividend date is Friday, March 13th. This is an increase from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 2.9%. Williams Companies’s payout ratio is 98.13%.

About Williams Companies

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.