Allstate Corp Has $5.65 Million Stock Holdings in Williams Companies, Inc. (The) $WMB

Key Points

• Allstate Corp more than doubled its stake in Williams Companies during the fourth quarter, adding 48,386 shares to bring its total to 93,952 shares valued at about $5.65 million.
• Several other institutional investors also increased positions in WMB, and institutions now own 86.44% of the company, while insiders have recently been net sellers of the stock.
• Williams Companies reported better-than-expected Q1 earnings of $0.73 per share and reaffirmed strong analyst interest, with a consensus Buy rating and an average price target of $82.40.

Allstate Corp increased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 106.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,952 shares of the pipeline company's stock after acquiring an additional 48,386 shares during the period. Allstate Corp's holdings in Williams Companies were worth $5,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WMB. BROOKFIELD Corp ON lifted its stake in Williams Companies by 190.3% in the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company's stock valued at $755,490,000 after purchasing an additional 7,884,730 shares during the last quarter. Wellington Management Group LLP raised its stake in Williams Companies by 15.9% during the third quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company's stock worth $3,077,942,000 after buying an additional 6,668,950 shares during the last quarter. SG Americas Securities LLC raised its stake in Williams Companies by 4,992.2% during the fourth quarter. SG Americas Securities LLC now owns 3,704,739 shares of the pipeline company's stock worth $222,692,000 after buying an additional 3,631,986 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Williams Companies by 30.4% during the third quarter. Dimensional Fund Advisors LP now owns 9,073,602 shares of the pipeline company's stock worth $574,856,000 after buying an additional 2,116,526 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Williams Companies by 27.4% during the third quarter. Ameriprise Financial Inc. now owns 7,753,924 shares of the pipeline company's stock valued at $491,225,000 after purchasing an additional 1,668,706 shares in the last quarter. Institutional investors own 86.44% of the company's stock.

Insiders Place Their Bets

In related news, CFO John Dean Porter sold 50,000 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total value of $3,768,500.00. Following the completion of the transaction, the chief financial officer directly owned 196,567 shares in the company, valued at $14,815,254.79. This trade represents a 20.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Larry C. Larsen sold 12,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $76.48, for a total transaction of $917,760.00. Following the completion of the transaction, the chief operating officer owned 98,219 shares of the company's stock, valued at approximately $7,511,789.12. The trade was a 10.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 90,869 shares of company stock worth $6,845,227. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WMB. Royal Bank Of Canada lifted their price objective on shares of Williams Companies from $82.00 to $83.00 and gave the stock an "outperform" rating in a research report on Thursday, May 7th. TD Cowen boosted their price target on shares of Williams Companies from $81.00 to $87.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. Morgan Stanley boosted their price objective on shares of Williams Companies from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday, May 20th. Stifel Nicolaus boosted their price objective on shares of Williams Companies from $78.00 to $83.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Finally, Wolfe Research raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 21st. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $82.40.

Williams Companies Trading Down 2.7%

NYSE:WMB opened at $76.37 on Wednesday. The company has a fifty day moving average of $73.80 and a 200 day moving average of $67.79. Williams Companies, Inc. has a 52 week low of $55.82 and a 52 week high of $80.07. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $93.29 billion, a P/E ratio of 33.50, a P/E/G ratio of 1.30 and a beta of 0.61.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.10. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business posted $0.60 EPS. The firm's revenue was down .6% compared to the same quarter last year. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, research analysts predict that Williams Companies, Inc. will post 2.43 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be issued a $0.525 dividend. The ex-dividend date is Friday, June 12th. This represents a $2.10 annualized dividend and a yield of 2.7%. Williams Companies's dividend payout ratio is 92.11%.

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.

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