BI Asset Management Fondsmaeglerselskab A S Increases Stake in Williams Companies, Inc. (The) $WMB

BI Asset Management Fondsmaeglerselskab A S raised its position in Williams Companies, Inc. (The) (NYSE:WMB) by 149.6% in the 1st quarter, Holdings Channel reports. The fund owned 122,988 shares of the pipeline company’s stock after acquiring an additional 73,711 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Williams Companies were worth $8,951,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Towne Trust Company N.A raised its holdings in Williams Companies by 60.2% during the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 162 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in Williams Companies in the 4th quarter valued at approximately $27,000. Clearstead Trust LLC boosted its holdings in Williams Companies by 62.2% in the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 186 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in Williams Companies during the 4th quarter worth approximately $29,000. Finally, WHI TRUST Co LLC purchased a new position in shares of Williams Companies during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, COO Larry C. Larsen sold 12,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $76.48, for a total transaction of $917,760.00. Following the sale, the chief operating officer owned 98,219 shares in the company, valued at approximately $7,511,789.12. This represents a 10.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $76.35, for a total value of $152,700.00. Following the transaction, the senior vice president directly owned 287,159 shares of the company’s stock, valued at $21,924,589.65. The trade was a 0.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 68,500 shares of company stock valued at $5,177,835. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WMB shares. Truist Financial initiated coverage on Williams Companies in a research note on Tuesday, March 24th. They issued a “buy” rating and a $84.00 price target on the stock. Jefferies Financial Group raised their target price on Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a report on Friday, April 10th. Wells Fargo & Company boosted their target price on shares of Williams Companies from $80.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Wall Street Zen raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Sunday, April 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a report on Friday, March 27th. Four analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Buy” and an average price target of $82.40.

Williams Companies Stock Up 0.1%

WMB opened at $73.16 on Monday. The business’s fifty day moving average is $73.37 and its two-hundred day moving average is $69.33. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83. The company has a market cap of $89.37 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 1.78 and a beta of 0.58. Williams Companies, Inc. has a one year low of $55.82 and a one year high of $80.07.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Analysts anticipate that Williams Companies, Inc. will post 2.44 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, June 12th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, June 12th. Williams Companies’s dividend payout ratio is presently 92.11%.

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.