Amundi Has $769.99 Million Position in Williams Companies, Inc. (The) $WMB

Key Points

• Amundi reduced its Williams Companies stake by 11.6% in the second quarter, selling 1.35 million shares. It still held 10.36 million shares valued at approximately $770 million, while institutional investors collectively owned 86.44% of WMB.
• Williams Companies reported quarterly revenue of $3.05 billion, up 9.8% year over year, while earnings of $0.50 per share matched analyst expectations. The company maintained its quarterly dividend at $0.525 per share, representing a 2.8% yield.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $85.60, compared with the stock’s reported price of $74.17.

Amundi lowered its position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 11.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 10,357,669 shares of the pipeline company's stock after selling 1,352,809 shares during the period. Amundi owned 0.85% of Williams Companies worth $769,989,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WMB. Advus Financial Partners LLC boosted its holdings in Williams Companies by 2.2% in the second quarter. Advus Financial Partners LLC now owns 7,814 shares of the pipeline company's stock worth $581,000 after acquiring an additional 169 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Williams Companies by 7,567.4% during the second quarter. California State Teachers Retirement System now owns 162,591,616 shares of the pipeline company's stock valued at $12,087,061,000 after acquiring an additional 160,471,058 shares in the last quarter. Kintra Wealth LLC bought a new stake in shares of Williams Companies during the second quarter valued at approximately $636,000. Beaird Harris Wealth Management LLC raised its position in shares of Williams Companies by 88.6% during the second quarter. Beaird Harris Wealth Management LLC now owns 858 shares of the pipeline company's stock worth $64,000 after purchasing an additional 403 shares during the period. Finally, HB Wealth Management LLC raised its position in shares of Williams Companies by 5.5% during the second quarter. HB Wealth Management LLC now owns 81,436 shares of the pipeline company's stock worth $6,054,000 after purchasing an additional 4,212 shares during the period. Institutional investors own 86.44% of the company's stock.

Insiders Place Their Bets

In other news, SVP Terrance Wilson sold 13,000 shares of the company's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction of $973,310.00. Following the transaction, the senior vice president owned 268,159 shares of the company's stock, valued at $20,077,064.33. This represents a 4.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 19,000 shares of company stock worth $1,414,050 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

Williams Companies Stock Performance

NYSE WMB opened at $74.17 on Monday. The company has a market capitalization of $90.72 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.43 and a current ratio of 0.48. Williams Companies, Inc. has a 52-week low of $56.08 and a 52-week high of $80.07. The company has a 50-day simple moving average of $73.30 and a 200 day simple moving average of $73.50.

Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, meeting analysts' consensus estimates of $0.50. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The firm had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the previous year, the company earned $0.46 earnings per share. The company's quarterly revenue was up 9.8% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, research analysts predict that Williams Companies, Inc. will post 2.45 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies's dividend payout ratio is 83.67%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Scotiabank lifted their price target on shares of Williams Companies from $85.00 to $86.00 and gave the company a "sector outperform" rating in a research report on Tuesday, May 12th. Morgan Stanley upped their price objective on shares of Williams Companies from $99.00 to $103.00 and gave the stock an "overweight" rating in a report on Tuesday, August 18th. Royal Bank Of Canada lifted their price objective on shares of Williams Companies from $83.00 to $87.00 and gave the company an "outperform" rating in a report on Monday, August 10th. Truist Financial lifted their price objective on shares of Williams Companies from $84.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Williams Companies in a research report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $85.60.

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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