Bank of America Corp DE Takes Position in Williams Companies, Inc. (The) $WMB

Bank of America Corp DE purchased a new position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 44,667,824 shares of the pipeline company's stock, valued at approximately $3,320,606,000. Bank of America Corp DE owned approximately 3.65% of Williams Companies as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Williams Companies during the 4th quarter valued at $747,749,000. Legal & General Group Plc bought a new stake in shares of Williams Companies in the 2nd quarter worth about $596,077,000. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Williams Companies during the 2nd quarter worth about $500,305,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Williams Companies during the second quarter worth approximately $354,184,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in Williams Companies during the 2nd quarter worth approximately $329,094,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Trading Down 1.2%

Shares of NYSE:WMB opened at $71.94 on Tuesday. The business's 50 day simple moving average is $73.34 and its 200 day simple moving average is $73.55. The company has a market capitalization of $88.00 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.53 and a beta of 0.59. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. Williams Companies, Inc. has a 1 year low of $56.19 and a 1 year high of $80.07.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm earned $0.46 earnings per share. The company's revenue for the quarter 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 anticipate that Williams Companies, Inc. will post 2.43 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies's dividend payout ratio is presently 83.67%.

Insider Buying and Selling at Williams Companies

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

Analyst Ratings Changes

WMB has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Williams Companies from $89.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Jefferies Financial Group dropped their price objective on shares of Williams Companies from $87.00 to $85.00 and set a "buy" rating for the company in a research report on Wednesday, July 1st. The Goldman Sachs Group reiterated a "buy" rating and issued a $82.00 price objective on shares of Williams Companies in a research report on Tuesday, July 14th. Truist Financial boosted their target price on Williams Companies from $84.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Williams Companies from $83.00 to $85.00 and gave the stock an "outperformer" rating in a research report on Tuesday, May 26th. Three investment 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. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $85.67.

Williams Companies Profile

Williams Companies, Inc is an energy infrastructure company focused primarily on gathering, processing, transporting and storing natural gas and natural gas liquids. The company provides the infrastructure and related services that connect natural gas supplies with utilities, power generators, industrial customers, liquefied natural gas facilities and other markets.

Williams operates a large network of interstate and regional natural gas pipelines, gathering systems, processing facilities and storage assets across the United States.

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