Williams Companies, Inc. (The) $WMB Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 9.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,123 shares of the pipeline company’s stock after purchasing an additional 16,027 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Williams Companies were worth $11,664,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of 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 increased its position 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 last quarter. Invesco Ltd. raised its stake in Williams Companies by 27.3% during the second 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 period. Artisan Partners Limited Partnership boosted its holdings in shares of Williams Companies by 39.0% in the 2nd quarter. Artisan Partners Limited Partnership now owns 6,954,733 shares of the pipeline company’s stock valued at $436,827,000 after purchasing an additional 1,950,485 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Williams Companies by 1.5% during the 2nd 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 period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of WMB opened at $67.30 on Friday. The stock has a market capitalization of $82.19 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 1.57 and a beta of 0.64. The business’s fifty day moving average price is $61.15 and its 200 day moving average price is $60.06. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.42 and a quick ratio of 0.36. Williams Companies, Inc. has a 12-month low of $51.58 and a 12-month high of $68.27.

Williams Companies (NYSE:WMB) last posted its 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 the consensus estimate of $2.87 billion. Williams Companies had a net margin of 20.61% and a return on equity of 16.74%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts forecast 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. Investors of record on Friday, March 13th will be issued a $0.525 dividend. The ex-dividend date of this dividend 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 yield of 3.1%. Williams Companies’s dividend payout ratio is currently 108.25%.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $61.90, for a total transaction of $123,800.00. Following the transaction, the senior vice president owned 297,545 shares in the company, valued at $18,418,035.50. This trade represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of research reports. Barclays raised their price objective on Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Citigroup lifted their price target on shares of Williams Companies from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Tudor Pickering raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Finally, Jefferies Financial Group upped their price target on shares of Williams Companies from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Three investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.29.

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.