Williams Companies, Inc. (The) $WMB Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Williams Companies, Inc. (The) (NYSE:WMB) by 46.7% during the 1st quarter, Holdings Channel reports. The fund owned 254,668 shares of the pipeline company’s stock after acquiring an additional 81,126 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Williams Companies were worth $18,293,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Williams Companies during the 4th quarter worth $747,749,000. BROOKFIELD Corp ON increased its holdings in Williams Companies by 190.3% in the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock valued at $755,490,000 after buying an additional 7,884,730 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Williams Companies by 21.3% in the fourth quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company’s stock valued at $1,281,875,000 after buying an additional 3,748,126 shares during the last quarter. SG Americas Securities LLC raised its stake in Williams Companies by 4,992.2% in the fourth quarter. SG Americas Securities LLC now owns 3,704,739 shares of the pipeline company’s stock valued at $222,692,000 after buying an additional 3,631,986 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Williams Companies by 295.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,446,915 shares of the pipeline company’s stock valued at $268,723,000 after buying an additional 3,323,012 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 1.0%

WMB opened at $73.39 on Wednesday. Williams Companies, Inc. has a one year low of $55.82 and a one year high of $80.07. 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 stock has a market capitalization of $89.65 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 1.74 and a beta of 0.57. The business’s 50-day simple moving average is $74.34 and its 200-day simple moving average is $71.59.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. The firm 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 was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. 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 year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, June 12th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, June 12th. Williams Companies’s dividend payout ratio is presently 92.11%.

Insider Transactions at Williams Companies

In other news, CFO John Dean Porter sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total transaction of $3,768,500.00. Following the transaction, the chief financial officer directly owned 196,567 shares in the company, valued at approximately $14,815,254.79. This trade represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $74.16, for a total transaction of $148,320.00. Following the completion of the transaction, the senior vice president directly owned 283,159 shares in the company, valued at $20,999,071.44. The trade was a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 68,500 shares of company stock valued at $5,182,655 over the last ninety days. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Truist Financial started coverage on Williams Companies in a research report on Tuesday, March 24th. They set a “buy” rating and a $84.00 price objective for the company. Royal Bank Of Canada raised their target price on Williams Companies from $82.00 to $83.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Barclays boosted their target price on Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Scotiabank upped their price target on Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a report on Tuesday, May 12th. Finally, Wolfe Research upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $83.56.

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.