iA Global Asset Management Inc. Has $234,000 Stock Holdings in Williams Companies, Inc. (The) $WMB

iA Global Asset Management Inc. decreased its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 92.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,690 shares of the pipeline company’s stock after selling 47,030 shares during the quarter. iA Global Asset Management Inc.’s holdings in Williams Companies were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WMB. Vanguard Group Inc. boosted its holdings in Williams Companies by 1.5% in the second quarter. Vanguard Group Inc. now owns 133,075,340 shares of the pipeline company’s stock worth $8,358,462,000 after purchasing an additional 1,912,156 shares in the last quarter. Invesco Ltd. lifted its position in shares of Williams Companies by 27.3% in the second quarter. Invesco Ltd. now owns 14,417,821 shares of the pipeline company’s stock worth $905,583,000 after buying an additional 3,089,390 shares during the last quarter. Norges Bank acquired a new stake in shares of Williams Companies in the second quarter worth about $765,164,000. BROOKFIELD Corp ON boosted its stake in shares of Williams Companies by 190.3% during the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock worth $755,490,000 after acquiring an additional 7,884,730 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Williams Companies by 9.9% during the 2nd quarter. Legal & General Group Plc now owns 10,056,234 shares of the pipeline company’s stock valued at $631,632,000 after acquiring an additional 903,457 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $61.90, for a total transaction of $123,800.00. Following the sale, the senior vice president directly owned 297,545 shares in the company, valued at approximately $18,418,035.50. The trade was a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WMB. UBS Group restated a “buy” rating on shares of Williams Companies in a report on Monday, January 12th. BMO Capital Markets reduced their price objective on shares of Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Citigroup raised their target price on shares of Williams Companies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Barclays lifted their target price on shares of Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Finally, TD Cowen upped their price target on shares of Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.29.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $64.97 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.42 and a quick ratio of 0.36. The company has a market cap of $79.35 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 1.51 and a beta of 0.64. The firm has a fifty day moving average price of $60.46 and a two-hundred day moving average price of $59.81. Williams Companies, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $65.55.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a net margin of 20.61% and a return on equity of 16.74%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 12th were given a $0.50 dividend. The ex-dividend date was 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 (DPR) is currently 103.09%.

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.