Alyeska Investment Group L.P. Has $129.18 Million Holdings in Williams Companies, Inc. (The) $WMB

Key Points

• Alyeska Investment Group L.P. increased its holdings in Williams Companies, Inc. by 19.3% in Q1, now owning 2,161,584 shares worth approximately $129 million.
• Williams Companies has experienced various analyst upgrades, resulting in target prices ranging from $64.00 to $70.00, with an overall average rating of "Moderate Buy."
• The company declared a quarterly dividend of $0.50, representing a 3.5% yield, with a payout ratio currently at 100.50%.

Alyeska Investment Group L.P. increased its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 19.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,161,584 shares of the pipeline company's stock after purchasing an additional 350,185 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.18% of Williams Companies worth $129,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WMB. Menard Financial Group LLC purchased a new position in Williams Companies in the 4th quarter worth about $26,000. HWG Holdings LP acquired a new stake in Williams Companies during the 1st quarter worth about $26,000. Saudi Central Bank acquired a new stake in Williams Companies during the 1st quarter worth about $29,000. Iron Horse Wealth Management LLC boosted its position in Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock worth $30,000 after acquiring an additional 494 shares during the period. Finally, Abound Financial LLC acquired a new stake in Williams Companies during the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 86.44% of the company's stock.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $59.68, for a total value of $119,360.00. Following the completion of the sale, the senior vice president directly owned 313,645 shares in the company, valued at approximately $18,718,333.60. The trade was a 0.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer owned 77,612 shares of the company's stock, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,500 shares of company stock valued at $507,875. Corporate insiders own 0.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Scotiabank raised their price objective on Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. Barclays raised their price objective on Williams Companies from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Wall Street Zen lowered Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Wells Fargo & Company raised their price objective on Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, TD Cowen assumed coverage on Williams Companies in a research report on Monday, July 7th. They set a "buy" rating and a $67.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $62.86.

Williams Companies Stock Down 0.8%

Shares of Williams Companies stock traded down $0.44 during trading on Friday, hitting $57.14. 8,344,809 shares of the stock traded hands, compared to its average volume of 5,716,165. The company has a fifty day moving average price of $58.17 and a two-hundred day moving average price of $58.39. Williams Companies, Inc. has a twelve month low of $43.98 and a twelve month high of $63.45. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The stock has a market cap of $69.68 billion, a P/E ratio of 28.71, a PEG ratio of 1.92 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last posted its earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The firm's revenue for the quarter was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities research analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, September 12th. Williams Companies's payout ratio is 100.50%.

About Williams Companies

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.