Amundi Raises Stock Holdings in Williams Companies, Inc. (The) $WMB

Amundi raised its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,118,934 shares of the pipeline company’s stock after buying an additional 368,493 shares during the period. Amundi’s holdings in Williams Companies were worth $539,294,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Flaharty Asset Management LLC purchased a new stake in shares of Williams Companies during the first quarter worth about $25,000. Saudi Central Bank bought a new position in Williams Companies during the 1st quarter valued at approximately $29,000. Private Wealth Management Group LLC lifted its holdings in Williams Companies by 104.8% in the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after buying an additional 240 shares during the period. Hartford Funds Management Co LLC bought a new stake in shares of Williams Companies in the 2nd quarter worth approximately $29,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Williams Companies during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the subject of a number of research analyst reports. UBS Group raised their price target on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. CIBC raised shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price for the company in a research report on Friday, August 15th. Wells Fargo & Company increased their target price on Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. BMO Capital Markets dropped their price target on Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Finally, Jefferies Financial Group reduced their price target on Williams Companies from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Moderate Buy” and an average price target of $68.21.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 302,645 shares in the company, valued at $18,319,101.85. The trade was a 1.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is owned by company insiders.

Williams Companies Trading Up 3.4%

Williams Companies stock opened at $63.63 on Friday. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $65.55. The company has a market capitalization of $77.71 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 1.65 and a beta of 0.62. The business’s fifty day simple moving average is $60.84 and its two-hundred day simple moving average is $59.61. 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 posted its quarterly earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (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%.Williams Companies’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Williams Companies’s dividend payout ratio is presently 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.